New York State Teachers Retirement System Sells 7,857 Shares of CarMax, Inc. (NYSE:KMX)

New York State Teachers Retirement System reduced its position in CarMax, Inc. (NYSE:KMX - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 130,450 shares of the company's stock after selling 7,857 shares during the period. New York State Teachers Retirement System owned about 0.08% of CarMax worth $10,666,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning boosted its stake in shares of CarMax by 5.9% during the 3rd quarter. Creative Planning now owns 13,833 shares of the company's stock worth $1,070,000 after acquiring an additional 766 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CarMax by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,304 shares of the company's stock valued at $1,339,000 after purchasing an additional 298 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in CarMax by 2.3% during the third quarter. Stratos Wealth Advisors LLC now owns 8,652 shares of the company's stock worth $670,000 after purchasing an additional 194 shares during the period. Blue Trust Inc. increased its holdings in shares of CarMax by 108.2% in the third quarter. Blue Trust Inc. now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 542 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of CarMax by 4.1% in the third quarter. Raymond James & Associates now owns 248,148 shares of the company's stock valued at $19,202,000 after purchasing an additional 9,778 shares during the period.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares of the company's stock, valued at $84,873.50. This represents a 90.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the firm'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 in the company, valued at $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMX shares. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price on the stock. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax has an average rating of "Hold" and a consensus price target of $87.50.

CarMax Price Performance

NYSE KMX traded down $2.98 on Friday, hitting $82.62. 1,614,402 shares of the company's stock were exchanged, compared to its average volume of 1,585,182. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The stock has a 50-day moving average of $83.39 and a 200-day moving average of $80.08. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.71 and a beta of 1.72.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the company earned $0.52 EPS. CarMax's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

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.