Thompson Siegel & Walmsley LLC Acquires 887 Shares of CarMax, Inc. (NYSE:KMX)

Thompson Siegel & Walmsley LLC raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,474 shares of the company’s stock after buying an additional 887 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CarMax were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baker Tilly Wealth Management LLC increased its stake in CarMax by 4.6% in the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after purchasing an additional 130 shares during the period. Peoples Bank KS increased its stake in CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after buying an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in CarMax by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD boosted its position in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after buying an additional 143 shares during the period. Finally, Signaturefd LLC boosted its position in CarMax by 12.5% in the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after buying an additional 172 shares during the period.

CarMax Trading Up 1.1 %

CarMax stock opened at $81.55 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock has a market cap of $12.63 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.53 and a beta of 1.68. The stock has a 50-day moving average of $75.24 and a two-hundred day moving average of $75.74. CarMax, Inc. has a one year low of $62.90 and a one year high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMX. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI increased their price target on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus price target of $79.73.

CarMax Company 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.