Sei Investments Co. increased its stake in shares of CarMax Inc. (NYSE:KMX) by 77.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 349,306 shares of the company’s stock after buying an additional 152,705 shares during the period. Sei Investments Co. owned 0.18% of CarMax worth $18,635,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of CarMax by 421.6% in the third quarter. Toronto Dominion Bank now owns 5,612 shares of the company’s stock valued at $299,000 after buying an additional 4,536 shares during the period. Decatur Capital Management Inc. boosted its position in shares of CarMax by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 131,900 shares of the company’s stock worth $7,037,000 after buying an additional 3,600 shares during the last quarter. Aperio Group LLC boosted its position in shares of CarMax by 23.4% in the third quarter. Aperio Group LLC now owns 81,183 shares of the company’s stock worth $4,331,000 after buying an additional 15,383 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of CarMax during the third quarter worth about $201,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of CarMax during the third quarter worth about $2,886,000.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

CarMax Inc. (NYSE:KMX) traded up 0.03% during midday trading on Tuesday, reaching $57.39. 319,314 shares of the company’s stock traded hands. CarMax Inc. has a 52 week low of $41.25 and a 52 week high of $60.81. The company’s 50-day moving average price is $52.62 and its 200 day moving average price is $53.96. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 18.66 and a beta of 1.24.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. CarMax had a net margin of 3.95% and a return on equity of 20.92%. The company earned $4 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that CarMax Inc. will post $3.27 earnings per share for the current year.

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A number of equities analysts have issued reports on the stock. Deutsche Bank AG lifted their target price on shares of CarMax from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday, September 22nd. Wedbush restated a “neutral” rating and set a $55.00 target price on shares of CarMax in a research report on Wednesday, November 16th. Robert W. Baird lifted their target price on shares of CarMax from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 7th. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of CarMax in a research report on Sunday, October 16th. Finally, Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. CarMax has a consensus rating of “Hold” and an average target price of $62.16.

In other CarMax news, Director Jeffrey E. Garten sold 6,300 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $53.41, for a total transaction of $336,483.00. Following the completion of the sale, the director now directly owns 21,552 shares of the company’s stock, valued at $1,151,092.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

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