BNP Paribas Financial Markets Purchases 385,790 Shares of CarMax, Inc. $KMX

BNP Paribas Financial Markets lifted its position in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 104.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 756,031 shares of the company’s stock after purchasing an additional 385,790 shares during the period. BNP Paribas Financial Markets’ holdings in CarMax were worth $29,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax during the second quarter worth about $30,000. Huntington National Bank grew its holdings in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the last quarter. Center for Financial Planning Inc. bought a new stake in shares of CarMax during the third quarter worth about $31,000. Finally, Advisory Services Network LLC bought a new stake in shares of CarMax during the third quarter worth about $32,000.

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CarMax Price Performance

CarMax stock opened at $46.96 on Friday. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.74 and a beta of 1.21. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99. The stock’s 50 day moving average price is $40.89 and its two-hundred day moving average price is $41.56. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20.

CarMax (NYSE:KMX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. On average, equities analysts predict that CarMax, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMX. Bank of America began coverage on CarMax in a report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 price target on shares of CarMax in a report on Wednesday, April 15th. Argus upgraded CarMax to a “hold” rating in a report on Thursday, April 16th. Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $41.27.

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About CarMax

(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.

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