Tompkins Financial Corp Has $118,000 Stake in CarMax, Inc. $KMX

Tompkins Financial Corp increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 75.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,750 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Tompkins Financial Corp’s holdings in CarMax were worth $118,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Sivia Capital Partners LLC boosted its holdings in CarMax by 256.7% during the second quarter. Sivia Capital Partners LLC now owns 9,324 shares of the company’s stock worth $627,000 after purchasing an additional 6,710 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of CarMax by 1.8% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,418 shares of the company’s stock valued at $2,380,000 after buying an additional 640 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of CarMax by 254.8% in the 2nd quarter. Pallas Capital Advisors LLC now owns 38,716 shares of the company’s stock valued at $2,602,000 after buying an additional 27,805 shares during the last quarter. New England Research & Management Inc. acquired a new stake in shares of CarMax in the 2nd quarter valued at approximately $386,000. Finally, Krilogy Financial LLC acquired a new stake in shares of CarMax in the 2nd quarter valued at approximately $718,000.

CarMax Stock Up 1.5%

KMX stock opened at $60.00 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.96 and a beta of 1.35. The business’s fifty day moving average price is $59.75 and its two-hundred day moving average price is $65.77. CarMax, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. On average, equities analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on KMX shares. Evercore ISI cut their price objective on CarMax from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. increased their price objective on CarMax from $58.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on CarMax from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, June 23rd. Wedbush reissued an “outperform” rating and issued a $84.00 price objective on shares of CarMax in a report on Tuesday, August 19th. Finally, Benchmark started coverage on CarMax in a report on Thursday, July 17th. They set a “buy” rating and a $75.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total transaction of $108,785.60. Following the transaction, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This trade represents a 35.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

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.