CarMax, Inc. $KMX Stock Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC cut its CarMax stake by 87.2% in the third quarter, selling 72,340 shares and retaining 10,657 shares valued at approximately $587,000.
• CarMax reported strong quarterly results, with EPS of $1.16 versus the $0.73 consensus and revenue of $7.88 billion, up 19.5% year over year.
• Analyst sentiment remains mixed: Bank of America upgraded the stock to Buy and raised its target to $65, while the broader analyst consensus is Hold with a $57.85 price target.

Curated Wealth Partners LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 87.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,657 shares of the company's stock after selling 72,340 shares during the period. Curated Wealth Partners LLC's holdings in CarMax were worth $587,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of CarMax by 28.1% during the first quarter. Bessemer Group Inc. now owns 156,121 shares of the company's stock worth $6,491,000 after buying an additional 34,211 shares during the last quarter. State Street Corp grew its stake in CarMax by 5.6% in the second quarter. State Street Corp now owns 5,156,276 shares of the company's stock valued at $272,715,000 after acquiring an additional 271,216 shares during the period. Bank of America Corp DE grew its position in shares of CarMax by 61.7% in the 1st quarter. Bank of America Corp DE now owns 1,687,359 shares of the company's stock valued at $70,160,000 after purchasing an additional 643,834 shares during the period. WINTON GROUP Ltd increased its position in shares of CarMax by 181.0% during the second quarter. WINTON GROUP Ltd now owns 38,780 shares of the company's stock worth $2,051,000 after acquiring an additional 24,977 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in shares of CarMax in the 1st quarter valued at about $1,688,000.

CarMax Stock Performance

Shares of KMX stock opened at $53.29 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $65.28. The company has a quick ratio of 0.57, a current ratio of 2.33 and a debt-to-equity ratio of 2.66. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. The firm has a 50 day moving average of $58.32 and a 200-day moving average of $51.18.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.43. CarMax had a net margin of 1.06% and a return on equity of 7.76%. The business had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the previous year, the business posted $0.64 EPS. CarMax's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 3.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of CarMax from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, July 20th. Robert W. Baird increased their price objective on shares of CarMax from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, September 30th. Bank of America raised CarMax from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $65.00 in a report on Thursday. Royal Bank Of Canada lifted their price objective on shares of CarMax from $45.00 to $56.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 30th. Finally, Zacks Research lowered CarMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $57.85.

Key CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Bank of America upgraded CarMax to Buy from Underperform and raised its price target to $65 from $50. The firm cited CarMax’s improved price competitiveness, cost reductions and expected market-share gains. It also believes enforcement of the Federal Trade Commission’s price-transparency rules could provide a lasting sales benefit. BofA Securities Upgrades CarMax to Buy From Underperform, Adjusts Price Target to $65 From $50
• Positive Sentiment: Zacks upgraded KMX to Rank #1, or Strong Buy, reflecting increased optimism about the company’s earnings outlook. CarMax was also included on Zacks’ list of top value stocks, which may attract additional value-oriented interest. CarMax Upgraded to Strong Buy: Here's Why
• Positive Sentiment: Zacks Research raised numerous CarMax earnings forecasts, including estimates for fiscal 2027, fiscal 2028 and fiscal 2029. Its FY2029 EPS projection increased to $4.25 from $2.91, while FY2027 and FY2028 estimates rose to $3.39 and $3.68, respectively. These revisions reinforce expectations for improving profitability. CarMax Earnings Estimate Revisions
• Neutral Sentiment: Recent analysis compares CarMax with Genuine Parts and other retail-wholesale companies on valuation and year-to-date performance. The coverage may influence how investors assess KMX’s relative value, but it does not represent a new company operating update. KMX vs. GPC: Which Stock Is the Better Value Option?
• Negative Sentiment: CarMax had recently fallen sharply, losing 15.3% over four weeks before the latest rebound. Although technical indicators showed the stock as oversold and earnings revisions suggested a potential reversal, the decline highlights continued volatility and investor sensitivity to the company’s outlook. CarMax Loses 15.3% in 4 Weeks

CarMax Profile

CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.

In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.

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