BML Capital Management LLC Takes $5.99 Million Position in CarMax, Inc. $KMX

Key Points

• BML Capital Management opened a new position in CarMax by acquiring 155,000 shares worth about $5.99 million, representing roughly 5.2% of BML’s portfolio and making KMX its sixth-largest holding (BML owns ~0.11% of CarMax).
• CarMax beat expectations for the quarter with $0.34 EPS vs. $0.22 expected and $5.95 billion in revenue (down 1% YoY), while trading around $37.24 with a market cap near $5.3 billion and a 52-week range of $30.26–$71.99.
• Analyst sentiment is mixed to negative overall — MarketBeat shows an average rating of "Reduce" with a $41.21 average price target, though individual firms range from JPMorgan’s $35 underweight to Robert W. Baird’s $48 outperform.

BML Capital Management LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 155,000 shares of the company's stock, valued at approximately $5,989,000. CarMax makes up approximately 5.2% of BML Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. BML Capital Management LLC owned approximately 0.11% of CarMax at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in CarMax during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new position in CarMax during the 2nd quarter worth approximately $30,000. Center for Financial Planning Inc. acquired a new position in CarMax during the 3rd quarter worth approximately $31,000. Advisory Services Network LLC acquired a new position in CarMax during the 3rd quarter worth approximately $32,000. Finally, True Wealth Design LLC increased its position in CarMax by 54.3% during the 4th quarter. True Wealth Design LLC now owns 907 shares of the company's stock worth $35,000 after purchasing an additional 319 shares in the last quarter.

CarMax Trading Up 1.0%

NYSE:KMX opened at $37.24 on Wednesday. The firm's fifty day moving average is $41.62 and its 200-day moving average is $41.46. 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, Inc. has a 52 week low of $30.26 and a 52 week high of $71.99. The firm has a market cap of $5.28 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.37 and a beta of 1.19.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.96% and a return on equity of 7.00%. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company's quarterly revenue was down 1.0% on a year-over-year basis. Equities analysts expect that CarMax, Inc. will post 2.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of CarMax from $28.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 15th. Robert W. Baird upped their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 18th. Argus upgraded shares of CarMax to a "hold" rating in a research report on Thursday, April 16th. Stephens upped their price target on shares of CarMax from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen cut shares of CarMax from a "hold" rating to a "sell" rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, CarMax has an average rating of "Reduce" and an average price target of $41.21.

About CarMax

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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