Marathon Asset Management Ltd Grows Stock Position in CarMax, Inc. (NYSE:KMX)

Marathon Asset Management Ltd grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,806 shares of the company's stock after purchasing an additional 28,085 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.09% of CarMax worth $10,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMX. Wealthspire Advisors LLC purchased a new stake in shares of CarMax during the 4th quarter valued at about $226,000. Illinois Municipal Retirement Fund purchased a new stake in shares of CarMax during the 4th quarter valued at about $2,126,000. Proficio Capital Partners LLC purchased a new stake in shares of CarMax during the 4th quarter valued at about $2,173,000. Metis Global Partners LLC increased its position in shares of CarMax by 90.6% during the 4th quarter. Metis Global Partners LLC now owns 9,623 shares of the company's stock valued at $787,000 after purchasing an additional 4,575 shares during the last quarter. Finally, Maia Wealth LLC increased its position in shares of CarMax by 15.5% during the 4th quarter. Maia Wealth LLC now owns 25,942 shares of the company's stock valued at $2,193,000 after purchasing an additional 3,481 shares during the last quarter.

CarMax Trading Down 0.3%

KMX stock opened at $66.50 on Friday. CarMax, Inc. has a 1-year low of $61.34 and a 1-year high of $91.25. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.09 and a beta of 1.38. The business has a 50 day simple moving average of $65.78 and a two-hundred day simple moving average of $74.85.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Royal Bank Of Canada increased their target price on shares of CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Truist Financial increased their target price on shares of CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, June 23rd. Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Finally, Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.10.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. The trade was a 4.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate 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.

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