Thompson Siegel & Walmsley LLC Boosts Position in CarMax, Inc. (NYSE:KMX)

Thompson Siegel & Walmsley LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 19.3% during the 3rd quarter, Holdings Channel reports. The fund owned 5,474 shares of the company’s stock after purchasing an additional 887 shares during the period. 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).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMX. First Community Trust NA purchased a new stake in CarMax in the second quarter valued at $29,000. Quarry LP boosted its stake in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the third quarter worth about $32,000. Blue Trust Inc. raised its position in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC raised its position in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. JPMorgan Chase & Co. raised their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Finally, Truist Financial upped their price target on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average price target of $79.73.

CarMax Price Performance

Shares of CarMax stock opened at $81.55 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The business has a 50 day simple moving average of $75.24 and a two-hundred day simple moving average of $75.74. The stock has a market capitalization of $12.63 billion, a P/E ratio of 30.66, a PEG ratio of 1.53 and a beta of 1.68. CarMax, Inc. has a 12 month low of $62.90 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.