Sumitomo Mitsui Trust Group Inc. Has $27.19 Million Holdings in CarMax, Inc. (NYSE:KMX)

Sumitomo Mitsui Trust Group Inc. boosted its stake in CarMax, Inc. (NYSE:KMX) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,361 shares of the company’s stock after purchasing an additional 10,898 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of CarMax worth $27,188,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KMX. First Community Trust NA acquired a new stake in shares of CarMax in the second quarter valued at about $29,000. Quarry LP increased its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the 3rd quarter valued at approximately $32,000. Blue Trust Inc. lifted its position in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC boosted its stake in shares of CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Evercore ISI lifted their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $79.73.

CarMax Stock Down 0.2 %

CarMax stock opened at $78.03 on Friday. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.68. The firm’s fifty day moving average price is $75.18 and its two-hundred day moving average price is $75.44. CarMax, Inc. has a 1-year low of $62.76 and a 1-year high of $88.22. 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 for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. On average, equities research analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

About CarMax

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.