CarMax, Inc. (NYSE:KMX) is Kiltearn Partners LLP’s 4th Largest Position

Kiltearn Partners LLP trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,000 shares of the company’s stock after selling 98,700 shares during the quarter. CarMax makes up approximately 5.6% of Kiltearn Partners LLP’s investment portfolio, making the stock its 4th largest position. Kiltearn Partners LLP owned approximately 0.41% of CarMax worth $46,424,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after acquiring an additional 37,660 shares during the last quarter. Fairview Capital Investment Management LLC increased its position in shares of CarMax by 7.0% during the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after purchasing an additional 16,438 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CarMax during the fourth quarter valued at about $5,637,000. State Board of Administration of Florida Retirement System boosted its position in shares of CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares during the period. Finally, First Pacific Advisors LP boosted its holdings in CarMax by 1.2% during the 4th quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after acquiring an additional 28,095 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Needham & Company LLC dropped their price target on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Evercore ISI lifted their price objective on shares of CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a research note on Tuesday, July 16th. Argus upgraded CarMax to a “hold” rating in a research report on Tuesday, June 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CarMax has an average rating of “Hold” and an average target price of $77.50.

Insider Buying and Selling

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company’s stock.

CarMax Price Performance

NYSE KMX opened at $76.45 on Tuesday. The firm has a market capitalization of $11.93 billion, a PE ratio of 29.86, a P/E/G ratio of 1.53 and a beta of 1.69. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company’s 50 day simple moving average is $80.15 and its 200 day simple moving average is $76.43.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.