Signaturefd LLC Boosts Stock Position in CarMax, Inc. (NYSE:KMX)

Signaturefd LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 12.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,545 shares of the company’s stock after purchasing an additional 172 shares during the period. Signaturefd LLC’s holdings in CarMax were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new stake in shares of CarMax during the second quarter worth about $29,000. Quarry LP grew its stake in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the last quarter. Blue Trust Inc. grew its stake in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the last quarter. Studio Investment Management LLC grew its stake in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of CarMax during the first quarter worth about $55,000.

CarMax Trading Up 3.2 %

Shares of NYSE:KMX opened at $74.31 on Tuesday. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a market capitalization of $11.60 billion, a PE ratio of 29.03, a PEG ratio of 1.45 and a beta of 1.68. The business has a 50 day moving average of $77.35 and a two-hundred day moving average of $74.87. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KMX. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Finally, Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. Four 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $79.73.

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.