Principal Financial Group Inc. Trims Stock Holdings in CarMax, Inc. $KMX

Posted by Brenda Bartman on Jul 20th, 2026

Principal Financial Group Inc. reduced its position in CarMax, Inc. (NYSE:KMX – Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 687,007 shares of the company’s stock after selling 10,770 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of CarMax worth $28,566,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. Jones Financial Companies Lllp increased its position in CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after acquiring an additional 161 shares during the period. Empowered Funds LLC increased its position in CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after acquiring an additional 585 shares during the period. Intech Investment Management LLC raised its stake in CarMax by 61.7% during the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after acquiring an additional 7,307 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in CarMax during the 1st quarter valued at approximately $727,000.

Analyst Ratings Changes

Several brokerages have weighed in on KMX. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price on the stock in a research note on Thursday, June 18th. Barclays upped their price target on CarMax from $31.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a report on Monday, July 6th. Evercore set a $45.00 price objective on shares of CarMax in a research report on Friday, April 10th. Finally, Bank of America boosted their price objective on shares of CarMax from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $47.73.

Check Out Our Latest Stock Analysis on CarMax

CarMax Stock Performance

NYSE:KMX opened at $57.37 on Monday. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $8.14 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The firm has a 50-day moving average price of $47.73 and a two-hundred day moving average price of $44.57. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $63.74.

CarMax (NYSE:KMX – Get Free Report) last released its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.96 by $0.35. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period in the prior year, the business earned $1.38 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts expect that CarMax, Inc. will post 2.7 earnings per share for the current fiscal year.

Insider Activity at CarMax

In related news, CEO Keith Barr purchased 9,400 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $53.01 per share, with a total value of $498,294.00. Following the completion of the transaction, the chief executive officer owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. This represents a 39.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sona Chawla acquired 2,000 shares of CarMax stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the transaction, the director directly owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. This represents a 10.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 13,900 shares of company stock valued at $735,574. 1.01% of the stock is owned by corporate insiders.

CarMax Company Profile

(Free Report)

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.