Oppenheimer & Co. Inc. Lowers Position in CarMax, Inc. $KMX

Oppenheimer & Co. Inc. cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,128 shares of the company’s stock after selling 19,482 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.12% of CarMax worth $6,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of CarMax by 33.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after purchasing an additional 918,553 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of CarMax by 73.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after purchasing an additional 1,494,205 shares during the period. Invesco Ltd. grew its holdings in shares of CarMax by 14.2% during the 3rd quarter. Invesco Ltd. now owns 3,425,737 shares of the company’s stock worth $153,713,000 after purchasing an additional 426,809 shares during the period. Turtle Creek Asset Management Inc. grew its holdings in shares of CarMax by 0.6% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 2,707,477 shares of the company’s stock worth $121,484,000 after purchasing an additional 16,627 shares during the period. Finally, Vulcan Value Partners LLC grew its holdings in shares of CarMax by 135.2% during the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after purchasing an additional 1,338,134 shares during the period.

CarMax News Roundup

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Zacks Research raised multiple near?term and FY EPS estimates for KMX (Q3/Q4 2027, Q2/Q3/Q4 2028 and FY2028/FY2029) and now models higher FY2028 and FY2029 earnings while keeping a “Hold” rating — a sign analysts expect improving profitability that could support a recovery if results follow. Zacks EPS revisions for CarMax
• Neutral Sentiment: A financial roundup named one cash?producing stock and flagged two risky names; CarMax was mentioned in that context (mixed signal). The mention may affect perception but lacks company?specific new fundamentals. 1 cash-producing stock with impressive fundamentals and 2 we find risky
• Negative Sentiment: Pomerantz LLP announced an investor investigation into CarMax, citing potential claims on behalf of investors — this introduces legal risk, potential litigation costs, and investor uncertainty. Pomerantz investigates CarMax
• Negative Sentiment: Brokerage coverage has become more cautious — consensus brokerage recommendation is “Reduce”, reflecting weaker sell?side sentiment that can pressure the stock via downgrades and selling. CarMax consensus “Reduce” by brokerages

CarMax Stock Performance

Shares of CarMax stock opened at $38.49 on Friday. The business has a 50-day moving average of $41.77 and a 200 day moving average of $41.52. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $71.99. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period last year, the business posted $0.58 EPS. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KMX shares. Stephens increased their price target on CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, April 2nd. Zacks Research upgraded CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Argus upgraded CarMax to a “hold” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. raised their target price on CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $41.21.

CarMax Company Profile

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.