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

Marathon Asset Management Ltd decreased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,845 shares of the company's stock after selling 13,047 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.07% of CarMax worth $8,732,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vulcan Value Partners LLC lifted its stake in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company's stock valued at $133,773,000 after buying an additional 1,369,986 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in CarMax by 1,327.3% in the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company's stock valued at $89,070,000 after buying an additional 951,558 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company's stock valued at $51,949,000 after buying an additional 577,685 shares during the last quarter. Marshall Wace LLP lifted its stake in CarMax by 87.6% in the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company's stock valued at $85,118,000 after buying an additional 541,967 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in CarMax by 212.8% in the second quarter. AQR Capital Management LLC now owns 488,836 shares of the company's stock valued at $35,851,000 after buying an additional 332,574 shares during the last quarter.

CarMax Price Performance

KMX stock traded down $0.42 on Friday, reaching $74.70. 1,197,937 shares of the company's stock were exchanged, compared to its average volume of 1,935,821. The stock has a fifty day moving average of $78.02 and a 200-day moving average of $75.31. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The firm has a market cap of $11.66 billion, a PE ratio of 29.18, a P/E/G ratio of 1.46 and a beta of 1.68. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the company earned $0.75 EPS. The company's revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that CarMax, Inc. will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the company's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares of the company's stock, valued at approximately $965,567.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the company's stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company's stock, valued at approximately $1,249,032.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 25,000 shares of the company's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMX. JPMorgan Chase & Co. boosted their price objective on CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a research note on Thursday, September 19th. Morgan Stanley reissued an "overweight" rating and issued a $80.00 target price on shares of CarMax in a report on Friday, June 21st. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of CarMax in a report on Wednesday. Oppenheimer reissued an "outperform" rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, BNP Paribas raised CarMax to a "strong sell" rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $79.73.

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.