CarMax, Inc. (NYSE:KMX) is Kiltearn Partners LLP’s 3rd Largest Position

Kiltearn Partners LLP trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 478,300 shares of the company’s stock after selling 52,300 shares during the period. CarMax makes up approximately 6.4% of Kiltearn Partners LLP’s investment portfolio, making the stock its 3rd biggest position. Kiltearn Partners LLP’s holdings in CarMax were worth $39,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMX. First Hawaiian Bank bought a new stake in shares of CarMax during the 4th quarter worth approximately $273,000. Sequoia Financial Advisors LLC lifted its position in shares of CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after purchasing an additional 1,396 shares during the period. World Investment Advisors LLC bought a new position in shares of CarMax in the third quarter worth about $6,942,000. Finally, HF Advisory Group LLC increased its stake 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 buying an additional 3,222 shares during the period.

CarMax Price Performance

Shares of KMX opened at $77.12 on Friday. The company has a 50 day moving average of $80.51 and a two-hundred day moving average of $79.32. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Needham & Company LLC upped their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.18.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the transaction, the executive vice president now owns 22,803 shares of the company’s stock, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,709 shares of company stock valued at $7,642,379 in the last quarter. 1.66% of the stock is currently owned by corporate insiders.

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.