State of Alaska Department of Revenue Has $3.67 Million Stake in CarMax, Inc. $KMX

Key Points

• State of Alaska Department of Revenue boosted its stake in CarMax by 163.2% in Q4 to 94,966 shares valued at $3.67 million, representing about 0.07% of the company.
• CarMax posted an adjusted Q4 beat (EPS $0.34 vs. $0.22; revenue ~$5.95B) but recorded a GAAP loss after a goodwill impairment, with margin compression from price cuts and higher loan‑loss provisions creating near‑term headwinds.
• Analysts are broadly cautious—MarketBeat shows an average rating of "Reduce" (1 Buy, 12 Hold, 5 Sell) with a consensus price target of $41.36 and several firms trimming targets or maintaining neutral/underweight views.

State of Alaska Department of Revenue increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 163.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,966 shares of the company's stock after purchasing an additional 58,879 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of CarMax worth $3,668,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the second quarter worth $30,000. Center for Financial Planning Inc. bought a new stake in CarMax during the third quarter worth $31,000. Advisory Services Network LLC bought a new stake in CarMax during the third quarter worth $32,000. Finally, Strengthening Families & Communities LLC raised its position in CarMax by 220.0% during the third quarter. Strengthening Families & Communities LLC now owns 880 shares of the company's stock worth $39,000 after acquiring an additional 605 shares in the last quarter.

Analyst Ratings Changes

KMX has been the topic of several analyst reports. Mizuho dropped their price target on shares of CarMax from $46.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, December 19th. Stephens upped their price target on shares of CarMax from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 2nd. Evercore set a $45.00 price target on shares of CarMax in a research report on Friday, April 10th. Truist Financial upped their price target on shares of CarMax from $35.00 to $37.00 and gave the stock a "hold" rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, CarMax currently has an average rating of "Reduce" and a consensus price target of $41.36.

CarMax News Summary

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

CarMax Price Performance

Shares of KMX opened at $40.43 on Thursday. The firm has a market capitalization of $5.73 billion, a PE ratio of 25.27, a PEG ratio of 1.10 and a beta of 1.30. The company's 50-day moving average is $42.87 and its 200-day moving average is $41.97. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.51.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. The company 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%. The company's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

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.

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