CarMax, Inc. $KMX is Kiltearn Partners LLP’s 10th Largest Position

Kiltearn Partners LLP cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.8% during the third quarter, Holdings Channel.com reports. The firm owned 376,600 shares of the company’s stock after selling 14,800 shares during the period. CarMax makes up 3.4% of Kiltearn Partners LLP’s holdings, making the stock its 10th biggest holding. Kiltearn Partners LLP’s holdings in CarMax were worth $16,898,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the 2nd quarter valued at $30,000. Center for Financial Planning Inc. purchased a new position in shares of CarMax in the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC raised its position in shares of CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after acquiring an additional 605 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of CarMax by 121.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock worth $45,000 after acquiring an additional 539 shares in the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of recent research reports. Evercore set a $42.00 price objective on CarMax in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Barclays lifted their price objective on shares of CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. Finally, Stephens reduced their price objective on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, CarMax currently has a consensus rating of “Reduce” and an average price target of $39.21.

CarMax Trading Up 0.5%

Shares of NYSE:KMX opened at $42.27 on Monday. The business’s 50-day moving average is $44.10 and its 200 day moving average is $45.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $82.79. The firm has a market capitalization of $5.99 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.99 and a beta of 1.35.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping 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 business had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter last year, the company earned $0.81 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Company Profile

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.