CarMax, Inc. (NYSE:KMX) Stock Position Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 354,380 shares of the company’s stock after purchasing an additional 3,019 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CarMax were worth $28,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of KMX. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% during the 3rd 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 grew its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the 4th quarter valued at about $58,000. Finally, Concord Wealth Partners grew its position in shares of CarMax by 84,400.0% during the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after buying an additional 844 shares during the last quarter.

CarMax Stock Up 1.5 %

KMX stock opened at $86.77 on Wednesday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a market cap of $13.34 billion, a PE ratio of 29.41, a P/E/G ratio of 1.70 and a beta of 1.72. The firm has a 50 day simple moving average of $83.21 and a 200 day simple moving average of $79.72. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on KMX shares. Stephens started coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. 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. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. Finally, Needham & Company LLC upped their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.50.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 over the last ninety days. Insiders own 1.66% of the company’s stock.

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.