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

Sumitomo Mitsui Trust Group Inc. grew its position in CarMax, Inc. (NYSE:KMX - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 0.23% of CarMax worth $28,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in shares of CarMax by 30.2% during the 3rd quarter. CWM LLC now owns 23,150 shares of the company's stock worth $1,791,000 after buying an additional 5,374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in CarMax by 418.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,239 shares of the company's stock worth $96,000 after purchasing an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in CarMax by 41.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,212 shares of the company's stock valued at $558,000 after buying an additional 2,118 shares during the period. Koshinski Asset Management Inc. bought a new position in CarMax in the 3rd quarter valued at about $206,000. Finally, Procyon Advisors LLC grew its holdings in shares of CarMax by 2.6% during the 3rd quarter. Procyon Advisors LLC now owns 16,382 shares of the company's stock valued at $1,268,000 after purchasing an additional 416 shares during the last quarter.

CarMax Price Performance

KMX stock traded up $1.31 during midday trading on Friday, hitting $88.91. The company's stock had a trading volume of 1,671,132 shares, compared to its average volume of 1,478,010. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The company has a 50 day moving average of $83.38 and a two-hundred day moving average of $79.83.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, analysts expect that CarMax, Inc. will post 3.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KMX shares. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price target on the stock. Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $87.50.

Insiders Place Their Bets

In related news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last quarter. Company insiders own 1.66% of the company's stock.

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.