Tom Gayner (Trades, Portfolio) is co-CEO of Markel Corp., and president and chief investment officer of Markel-Gayner Asset Management. During the third quarter, the guru reduced or exited the following holdings:
Gayner exited his position in Copart Inc.Ă‚ (CPRT, Financial) with an impact of -1.25% on the portfolio.
The company provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom and Brazil. The company offers services to process and sell vehicles over the internet. Third quarter revenue grew 19.8% from the same quarter of a year before and the gross margin increased 20.2%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 47.60% and return on assets (ROA) of 22.65% are outperforming 97% of the companies in the Global Auto and Truck Dealerships industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.23 is below the industry median of 0.49.
The largest shareholder of the company among the gurus is Chuck Royce (Trades, Portfolio) with 2.07% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.28%, Columbia Wanger (Trades, Portfolio) with 0.22%, John Hussman (Trades, Portfolio) with 0.09% and Keeley Asset Management Corp (Trades, Portfolio) with 0.09%.
The guru sold out of National Oilwell Varco Inc. (NOV, Financial) with an impact of -0.54% on the portfolio.
The company designs, manufactures and sells equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of -19.69% and ROA of -12.69% are underperforming 68% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.47 is above the industry median of 0.43.
Dodge & Cox is the largest shareholder of the company among the gurus with 8.35% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 5.28%, Bill Nygren (Trades, Portfolio) with 1.17%, John Rogers (Trades, Portfolio) with 0.45%, PRIMECAP Management (Trades, Portfolio) with 0.32% and Simons with 0.3%.
He sold out of Capital One Financial Corp. (COF, Financial). The trade had an impact of -0.21% on the portfolio.
Capital One is a financial services holding company. Through its banking and non-banking subsidiaries, it markets financial products and services. Third quarter net interest income grew 4% year over year and 11% quarter on quarter. The company reported an increase of 3% for total net revenue.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 7.64% and ROA of 1.17% are underperforming 61% of the companies in the Global Credit Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.57.
The largest shareholder of the company among the gurus is Dodge & Cox with 10.16% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 4.01%, Hotchkis and Wiley with 1.21%, Diamond Hill Capital (Trades, Portfolio) with 1.04%, Nygren with 0.97%, Chris Davis (Trades, Portfolio) with 0.78%, Richard Pzena (Trades, Portfolio) with 0.66% and Ken Fisher (Trades, Portfolio) with 0.29%.
The guru exited Carbo Ceramics Inc.Ă‚ (CRR, Financial). The transaction had an impact of -0.07% on the portfolio.
The company supplies ceramic proppant. It provides fracture simulation software, fracture design, engineering and consulting services and a broad range of technologies for spill prevention, containment and countermeasures. Third quarter revenues decreased 73% from the same quarter of a year before. Operating loss was $30.5 million as compared to $19.2 million in the same period in 2015.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -17.98% and ROA of -14.35% are underperforming 70% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.28 is above the industry median of 0.43.
Richard Snow (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.79% of outstanding shares, followed by Royce with 0.77%, Simons with 0.53% and Murray Stahl (Trades, Portfolio) with 0.05%.
The guru closed his holding of C.R. Bard Inc. (BCR, Financial). The trade had an impact of -0.06% on the portfolio.
The company manufactures, distributes and sells medical, surgical, diagnostic and patient care devices. It sells its products to hospitals, individual health care professionals and extended care facilities.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 32.57% and ROA of 9.90% are outperforming 83% of the companies in the Global Medical Instruments and Supplies industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.61 is below the industry median of 1.21.
The largest shareholder of the company among the gurus is Simons with 1.08% of outstanding shares, followed by Donald Yacktman (Trades, Portfolio) with 1%, the Yacktman Fund (Trades, Portfolio) with 0.75%, Pioneer Investments (Trades, Portfolio) with 0.37%, Steven Cohen (Trades, Portfolio) with 0.31%, Paul Tudor Jones (Trades, Portfolio) with 0.17%, Jeremy Grantham (Trades, Portfolio) with 0.13% and Joel Greenblatt (Trades, Portfolio) with 0.01%.
Gayner reduced his holding of LiLAC Group. (LILA, Financial) by 0.03%.
LiLAC is the world’s largest international TV and broadband company with operations in more than 30 countries across Europe, Latin America and the Caribbean.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -12.61% and ROA of -3.09% are underperforming 82% of the companies in the Global Pay TV industry. Financial strength has a rating of 3 out of 10. The cash-debt ratio of 0.08 is below the industry median of 0.40.
The largest shareholder of the company among the gurus is Warren Buffett (Trades, Portfolio) with 1.56% of outstanding shares, followed by Dodge & Cox with 1.45%, Grantham with 0.5%, Bill Gates (Trades, Portfolio) with 0.21%, Simons with 0.12%,Tudor Jones with 0.1%, Glenn Greenberg (Trades, Portfolio) with 0.09%, George Soros (Trades, Portfolio) with 0.08%, Mario Gabelli (Trades, Portfolio) with 0.08% and Gayner with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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