Kiltearn Partners LLP Reduces Holdings in CarMax, Inc. (NYSE:KMX)

Kiltearn Partners LLP trimmed its stake in CarMax, Inc. (NYSE:KMX) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 478,300 shares of the company’s stock after selling 52,300 shares during the quarter. CarMax accounts for 6.4% of Kiltearn Partners LLP’s portfolio, making the stock its 3rd biggest holding. Kiltearn Partners LLP owned about 0.31% of CarMax worth $39,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KMX. Lakewood Asset Management LLC increased its position in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of CarMax by 3.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC lifted its holdings in shares of CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after purchasing an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in shares of CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after buying an additional 164 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the topic of several research analyst reports. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $86.00 to $90.00 in a research note on Wednesday. Evercore ISI lowered their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Needham & Company LLC increased their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus price target of $90.18.

Insider Activity at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,709 shares of company stock worth $7,642,379. 1.66% of the stock is owned by company insiders.

CarMax Stock Performance

NYSE:KMX opened at $77.12 on Friday. The stock has a 50-day simple moving average of $80.51 and a two-hundred day simple moving average of $79.32. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The firm has a market capitalization of $11.86 billion, a PE ratio of 26.14, a P/E/G ratio of 1.67 and a beta of 1.76.

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.