Marathon Asset Management Ltd Lowers Holdings in CarMax, Inc. (NYSE:KMX)

Marathon Asset Management Ltd decreased its stake in CarMax, Inc. (NYSE:KMX) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,721 shares of the company’s stock after selling 7,124 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.07% of CarMax worth $8,644,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Hawaiian Bank purchased a new stake in shares of CarMax in the fourth quarter worth about $273,000. World Investment Advisors LLC acquired a new position in CarMax in the 3rd quarter worth about $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after purchasing an additional 10,898 shares during the period. HF Advisory Group LLC raised its holdings in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after purchasing an additional 3,222 shares during the period. Finally, Merit Financial Group LLC acquired a new position in CarMax in the 4th quarter worth about $600,000.

Insider Buying and Selling

In related news, CEO William D. Nash sold 120,513 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. Company insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KMX shares. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Truist Financial upped their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Mizuho upped their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.91.

CarMax Price Performance

NYSE:KMX opened at $82.95 on Monday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market cap of $12.76 billion, a PE ratio of 28.12, a P/E/G ratio of 1.67 and a beta of 1.72. The stock has a 50 day moving average price of $83.27 and a 200 day moving average price of $80.39.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax Company 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.