New York State Teachers Retirement System Sells 7,981 Shares of CarMax, Inc. (NYSE:KMX)

New York State Teachers Retirement System decreased its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 151,001 shares of the company's stock after selling 7,981 shares during the period. New York State Teachers Retirement System owned 0.10% of CarMax worth $11,074,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KMX. Norges Bank bought a new stake in shares of CarMax during the 4th quarter worth about $288,278,000. Morningstar Investment Services LLC raised its stake in CarMax by 95.4% in the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company's stock worth $211,516,000 after purchasing an additional 1,326,840 shares in the last quarter. DAVENPORT & Co LLC raised its stake in CarMax by 1,327.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company's stock worth $89,070,000 after purchasing an additional 951,558 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in CarMax by 3,094.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company's stock worth $51,949,000 after purchasing an additional 577,685 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in CarMax by 5,711.9% in the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company's stock worth $32,781,000 after purchasing an additional 419,826 shares in the last quarter.

Insider Buying and Selling

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company's stock, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company's stock, valued at approximately $965,567.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $72,097.70. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock worth $14,893,042 in the last three months. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

KMX stock traded up $3.65 during trading on Friday, reaching $85.78. 1,635,244 shares of the company were exchanged, compared to its average volume of 1,935,110. The company has a 50-day moving average of $77.37 and a two-hundred day moving average of $75.64. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 1.66 and a beta of 1.69. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. The business had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. As a group, equities analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMX has been the subject of several analyst reports. StockNews.com upgraded shares of CarMax to a "sell" rating in a research note on Friday, July 26th. Morgan Stanley reiterated an "overweight" rating and issued a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. Argus upgraded shares of CarMax to a "hold" rating in a research note on Tuesday, June 25th. Needham & Company LLC dropped their price objective on shares of CarMax from $91.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, June 24th. Finally, Oppenheimer restated an "outperform" rating and issued a $105.00 target price on shares of CarMax in a research report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has an average rating of "Hold" and a consensus price target of $76.25.

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.