Marathon Asset Management Ltd Sells 7,124 Shares of CarMax, Inc. (NYSE:KMX)

Marathon Asset Management Ltd lessened its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of KMX. Lakewood Asset Management LLC lifted its position in 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 purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of CarMax by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after buying an additional 141 shares in the last quarter. Timber Creek Capital Management LLC lifted its position in shares of CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after buying an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after acquiring an additional 164 shares during the period.

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Wall Street Analyst Weigh In

KMX has been the topic of a number of recent analyst reports. Mizuho raised 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. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price target on the stock. Finally, Evercore ISI raised CarMax from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CarMax currently has an average rating of "Hold" and an average price target of $90.91.

CarMax Trading Down 2.0 %

KMX traded down $1.55 during trading hours on Thursday, reaching $77.55. 2,048,166 shares of the company's stock traded hands, compared to its average volume of 1,862,746. The firm has a 50-day moving average price of $83.03 and a 200 day moving average price of $80.40. The firm has a market capitalization of $11.93 billion, a PE ratio of 26.29, a PEG ratio of 1.67 and a beta of 1.72. 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 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Lyski sold 57,986 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last ninety days. 1.66% of the stock is owned by company insiders.

CarMax 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.