Fairview Capital Investment Management LLC lifted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,530 shares of the company's stock after acquiring an additional 16,438 shares during the period. CarMax accounts for 1.1% of Fairview Capital Investment Management LLC's holdings, making the stock its 26th largest position. Fairview Capital Investment Management LLC owned about 0.16% of CarMax worth $19,302,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Royal London Asset Management Ltd. increased its stake in shares of CarMax by 5.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 61,781 shares of the company's stock worth $4,741,000 after acquiring an additional 3,054 shares during the last quarter. Silver Heights Capital Management Inc raised its position in shares of CarMax by 0.6% during the 4th quarter. Silver Heights Capital Management Inc now owns 461,990 shares of the company's stock valued at $35,453,000 after buying an additional 2,870 shares during the period. Kiltearn Partners LLP grew its position in CarMax by 3.2% in the fourth quarter. Kiltearn Partners LLP now owns 871,000 shares of the company's stock worth $66,841,000 after acquiring an additional 27,300 shares during the period. Rafferty Asset Management LLC increased its stake in CarMax by 17.3% during the fourth quarter. Rafferty Asset Management LLC now owns 28,030 shares of the company's stock worth $2,151,000 after acquiring an additional 4,131 shares during the last quarter. Finally, KBC Group NV raised its position in CarMax by 10.3% in the fourth quarter. KBC Group NV now owns 23,879 shares of the company's stock valued at $1,833,000 after purchasing an additional 2,235 shares during the period.
Insider Activity
In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.66% of the company's stock.
CarMax Price Performance
NYSE:KMX traded up $1.31 during trading hours on Wednesday, reaching $72.29. 1,345,838 shares of the company traded hands, compared to its average volume of 1,959,291. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market cap of $11.38 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.34 and a beta of 1.69. The firm's 50-day moving average is $73.22 and its 200-day moving average is $73.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67.
CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. CarMax's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. Equities research analysts expect that CarMax, Inc. will post 3.12 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KMX shares. Robert W. Baird reduced their price objective on shares of CarMax from $88.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, April 12th. Royal Bank of Canada reissued an "outperform" rating and set a $83.00 target price on shares of CarMax in a research note on Monday, April 8th. Mizuho decreased their target price on CarMax from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, April 12th. Truist Financial reduced their price objective on CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. Finally, Needham & Company LLC lowered their price objective on shares of CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus target price of $77.42.
View Our Latest Analysis on CarMax
CarMax Profile
(Free Report)
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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