Kiltearn Partners LLP Has $16.90 Million Holdings in CarMax, Inc. $KMX

Kiltearn Partners LLP lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,600 shares of the company’s stock after selling 14,800 shares during the period. CarMax comprises approximately 3.4% of Kiltearn Partners LLP’s investment portfolio, making the stock its 10th biggest position. Kiltearn Partners LLP owned 0.26% of CarMax worth $16,898,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of CarMax by 195.3% in the second quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock worth $298,107,000 after buying an additional 2,947,996 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CarMax by 33.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after acquiring an additional 918,553 shares during the period. Baird Financial Group Inc. grew its position in CarMax by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 3,298,113 shares of the company’s stock valued at $221,666,000 after acquiring an additional 204,481 shares during the last quarter. Norges Bank bought a new position in CarMax in the 2nd quarter valued at $208,144,000. Finally, Invesco Ltd. increased its stake in CarMax by 4.7% in the second quarter. Invesco Ltd. now owns 2,998,928 shares of the company’s stock worth $201,558,000 after purchasing an additional 135,334 shares during the period.

CarMax Price Performance

Shares of KMX stock opened at $42.27 on Monday. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $82.79. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The stock has a fifty day simple moving average of $44.10 and a two-hundred day simple moving average of $45.10. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.99 and a beta of 1.35.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The firm had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada lifted their target price on CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Wedbush cut their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Evercore set a $42.00 price target on shares of CarMax in a research note on Tuesday, February 10th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, CarMax has a consensus rating of “Reduce” and a consensus target price of $39.21.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.