CarMax, Inc. (NYSE:KMX) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in CarMax, Inc. (NYSE:KMX) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,380 shares of the company’s stock after acquiring an additional 3,019 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of CarMax worth $28,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax in the third quarter valued at about $32,000. True Wealth Design LLC raised its holdings in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the last quarter. Larson Financial Group LLC raised its holdings in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in CarMax during the fourth quarter worth about $58,000. Finally, Concord Wealth Partners raised its holdings in CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after purchasing an additional 844 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMX. Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Truist Financial increased their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.50.

CarMax Stock Up 1.5 %

Shares of NYSE KMX opened at $86.77 on Wednesday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The firm’s 50 day moving average price is $83.21 and its 200 day moving average price is $79.72. The firm has a market cap of $13.34 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business earned $0.52 earnings per share. CarMax’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.22 earnings per share for the current year.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by insiders.

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.