CarMax, Inc. $KMX Position Decreased by Kiltearn Partners LLP

Kiltearn Partners LLP trimmed its position in CarMax, Inc. (NYSE:KMX) by 2.0% during the second quarter, Holdings Channel.com reports. The firm owned 391,400 shares of the company’s stock after selling 8,100 shares during the period. CarMax accounts for approximately 5.3% of Kiltearn Partners LLP’s holdings, making the stock its 7th largest position. Kiltearn Partners LLP’s holdings in CarMax were worth $26,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the 1st quarter worth about $27,000. Accent Capital Management LLC acquired a new position in CarMax in the first quarter valued at approximately $34,000. Strengthening Families & Communities LLC raised its holdings in CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after purchasing an additional 256 shares in the last quarter. Quarry LP lifted its position in shares of CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after buying an additional 233 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of CarMax by 25.8% in the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after buying an additional 232 shares during the last quarter.

CarMax Trading Up 1.9%

NYSE KMX opened at $38.23 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $5.61 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.81 and a beta of 1.26. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $91.25. The firm has a 50-day moving average price of $42.47 and a 200 day moving average price of $55.79.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane reduced their price target on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Needham & Company LLC reissued a “hold” rating on shares of CarMax in a report on Friday, November 7th. Morgan Stanley reissued an “equal weight” rating and set a $35.00 price objective (down from $56.00) on shares of CarMax in a research report on Monday, November 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price (down from $59.00) on shares of CarMax in a report on Friday, November 7th. Finally, Oppenheimer reiterated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $41.54.

About CarMax

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.