CarMax, Inc. (NYSE:KMX) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in CarMax, Inc. (NYSE:KMX - Free Report) by 8.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 138,307 shares of the company's stock after selling 12,694 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of CarMax worth $10,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baker Tilly Wealth Management LLC boosted its holdings in CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company's stock worth $217,000 after buying an additional 130 shares in the last quarter. Peoples Bank KS boosted its stake in shares of CarMax by 10.0% during the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company's stock worth $108,000 after acquiring an additional 135 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company's stock worth $456,000 after acquiring an additional 142 shares during the period. Allegheny Financial Group LTD increased its stake in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company's stock valued at $264,000 after purchasing an additional 143 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company's stock worth $120,000 after purchasing an additional 172 shares during the last quarter.

CarMax Trading Up 1.1 %

CarMax stock traded up $0.76 during trading on Monday, hitting $73.06. The company's stock had a trading volume of 1,251,897 shares, compared to its average volume of 1,906,850. The stock's fifty day moving average is $76.59 and its 200 day moving average is $74.96. CarMax, Inc. has a 1-year low of $61.73 and a 1-year high of $88.22. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 1.47 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the company earned $0.75 EPS. The company's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that CarMax, Inc. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KMX shares. Truist Financial upped their target price on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Oppenheimer restated an "outperform" rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Wedbush restated an "outperform" rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a research report on Thursday, September 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $79.73.

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.