Assetmark Inc. Has $19.84 Million Stock Holdings in CarMax, Inc. $KMX

Key Points

• Assetmark Inc. increased its stake in CarMax by 21.8% in Q4 to 513,404 shares (an additional 91,980 shares), holding about $19.84 million of stock — roughly 0.36% ownership.
• CarMax posted an adjusted EPS beat ($0.34 vs. $0.22 consensus) and revenue of ~$5.95B, but margin compression, higher loan‑loss provisions and a goodwill impairment led to a GAAP quarterly loss, adding near‑term volatility.
• Analyst sentiment is largely negative — MarketBeat shows a consensus rating of "Reduce" with an average price target near $41.36, and several firms have issued Underweight/Underperform calls as the stock trades around $40.43 (12‑month range $30.26–$71.99).

Assetmark Inc. grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,404 shares of the company's stock after buying an additional 91,980 shares during the quarter. Assetmark Inc. owned 0.36% of CarMax worth $19,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of CarMax during the second quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new position in shares of CarMax during the second quarter valued at about $30,000. Center for Financial Planning Inc. acquired a new position in shares of CarMax during the third quarter valued at about $31,000. Advisory Services Network LLC acquired a new position in shares of CarMax during the third quarter valued at about $32,000. Finally, True Wealth Design LLC boosted its holdings in CarMax by 54.3% during the fourth quarter. True Wealth Design LLC now owns 907 shares of the company's stock worth $35,000 after purchasing an additional 319 shares during the last quarter.

Trending Headlines about CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Reported adjusted Q4 results beat expectations: CarMax posted adjusted EPS of $0.34 and revenue of ~$5.95B, topping consensus even as revenue was slightly down year‑over‑year. This provides near‑term earnings support. CarMax Q4 Earnings Beat
• Neutral Sentiment: Management is pushing a turnaround that emphasizes technology to streamline buying/selling and plans SG&A reductions; these are strategic positives but execution and timing remain uncertain. CarMax Bets on Tech
• Negative Sentiment: Price cuts to lift demand compressed vehicle gross margins and pushed CarMax to a GAAP quarterly loss after a goodwill impairment; investors focused on margin erosion rather than the adjusted beat. CarMax posts quarterly loss
• Negative Sentiment: Credit-related headwinds: loan‑loss provisioning rose, creating a near‑term drag on finance income and adding to volatility in GAAP results. Quarterly loss and credit provisioning
• Negative Sentiment: Analysts moved bearish: JPMorgan raised its price target but kept an Underweight view, and Bank of America initiated coverage with an Underperform/Sell stance and a PT below the stock — these calls reinforce selling pressure. JPMorgan price target action Bank of America / TipRanks coverage

Analysts Set New Price Targets

KMX has been the topic of several analyst reports. Evercore set a $45.00 price target on shares of CarMax in a report on Friday, April 10th. Bank of America began coverage on shares of CarMax in a report on Wednesday. They set an "underperform" rating and a $40.00 price target on the stock. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Barclays lifted their price objective on shares of CarMax from $24.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $41.00 price objective on shares of CarMax in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, CarMax currently has a consensus rating of "Reduce" and a consensus price target of $41.36.

CarMax Stock Performance

NYSE KMX opened at $40.43 on Thursday. The company's 50 day moving average is $42.87 and its 200-day moving average is $41.97. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $71.99. The company has a quick ratio of 0.51, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The firm has a market cap of $5.73 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. Sell-side analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

CarMax 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.

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