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

Marathon Asset Management Ltd grew its position in CarMax, Inc. (NYSE:KMX - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,806 shares of the company's stock after acquiring an additional 28,085 shares during the quarter. Marathon Asset Management Ltd owned about 0.09% of CarMax worth $10,426,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KMX. Ameriflex Group Inc. acquired a new stake in shares of CarMax during the 4th quarter worth about $53,000. Colonial Trust Co SC lifted its position in CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after acquiring an additional 693 shares during the last quarter. Blue Trust Inc. boosted its position in shares of CarMax by 49.2% in the 1st quarter. Blue Trust Inc. now owns 898 shares of the company's stock valued at $70,000 after purchasing an additional 296 shares during the period. Parallel Advisors LLC grew its position in shares of CarMax by 38.4% during the first quarter. Parallel Advisors LLC now owns 937 shares of the company's stock worth $73,000 after acquiring an additional 260 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after purchasing an additional 551 shares during the period.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the transaction, the director directly owned 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company's stock.

CarMax Trading Up 4.6%

CarMax stock traded up $3.08 during trading on Tuesday, reaching $70.29. The company had a trading volume of 3,385,275 shares, compared to its average volume of 2,388,515. CarMax, Inc. has a 12-month low of $61.34 and a 12-month high of $91.25. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The stock's 50 day moving average price is $65.88 and its two-hundred day moving average price is $74.54. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.09 and a beta of 1.38.

CarMax (NYSE:KMX - Get Free Report) last issued its 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. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. As a group, equities analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on KMX shares. Morgan Stanley started coverage on shares of CarMax in a research note on Tuesday. They issued an "overweight" rating and a $80.00 price objective on the stock. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Evercore ISI lowered their price objective on CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $92.00 target price on shares of CarMax in a research note on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CarMax has a consensus rating of "Moderate Buy" and a consensus price target of $84.64.

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.