Fintel reports that on December 5, 2024, Stephens & Co. initiated coverage of CarMax (NYSE:KMX) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 2.12% Downside
As of December 3, 2024, the average one-year price target for CarMax is $81.85/share. The forecasts range from a low of $58.58 to a high of $110.25. The average price target represents a decrease of 2.12% from its latest reported closing price of $83.63 / share.
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The projected annual revenue for CarMax is 33,926MM, an increase of 22.57%. The projected annual non-GAAP EPS is 5.69.
What is the Fund Sentiment?
There are 1,347 funds or institutions reporting positions in CarMax. This is an increase of 28 owner(s) or 2.12% in the last quarter. Average portfolio weight of all funds dedicated to KMX is -3.01%, an increase of 1,046.01%. Total shares owned by institutions decreased in the last three months by 5.39% to 196,755K shares. 
The put/call ratio of KMX is 1.04, indicating a bearish outlook.
What are Other Shareholders Doing?
Principal Financial Group holds 8,309K shares representing 5.36% ownership of the company. In its prior filing, the firm reported owning 8,385K shares , representing a decrease of 0.92%. The firm decreased its portfolio allocation in KMX by 55.20% over the last quarter.
Diamond Hill Capital Management holds 6,308K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 6,703K shares , representing a decrease of 6.26%. The firm decreased its portfolio allocation in KMX by 6.09% over the last quarter.
PMSBX - MidCap Fund (f holds 6,202K shares representing 4.00% ownership of the company. In its prior filing, the firm reported owning 6,185K shares , representing an increase of 0.27%. The firm increased its portfolio allocation in KMX by 9.59% over the last quarter.
Primecap Management holds 5,284K shares representing 3.41% ownership of the company. In its prior filing, the firm reported owning 5,412K shares , representing a decrease of 2.42%. The firm increased its portfolio allocation in KMX by 4.62% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,918K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 4,973K shares , representing a decrease of 1.12%. The firm decreased its portfolio allocation in KMX by 2.00% over the last quarter.
Carmax Background Information
(This description is provided by the company.)
CarMax, the nation's largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. CarMax also provides a variety of vehicle delivery methods, including home delivery, contactless curbside pickup and appointments in its stores. During the fiscal year ending February 29, 2020, CarMax sold more than 830,000 used cars and more than 465,000 wholesale vehicles at its in-store auctions. CarMax has 220 stores, over 25,000 Associates, and is proud to have been recognized for 16 consecutive years as one of the Fortune 100 Best Companies to Work For®.
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