CarMax, Inc. (NYSE:KMX) Shares Acquired by State Street Corp

State Street Corp grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,193,174 shares of the company's stock after buying an additional 36,959 shares during the quarter. State Street Corp owned 4.00% of CarMax worth $479,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KMX. Sumitomo Mitsui Trust Group Inc. raised its holdings in CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock valued at $27,188,000 after acquiring an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC bought a new stake in shares of CarMax in the 3rd quarter worth about $747,000. Dimensional Fund Advisors LP raised its stake in shares of CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock valued at $147,230,000 after purchasing an additional 51,397 shares in the last quarter. Holocene Advisors LP lifted its position in shares of CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after purchasing an additional 834,232 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in CarMax by 212.8% in the second quarter. AQR Capital Management LLC now owns 488,836 shares of the company's stock worth $35,851,000 after purchasing an additional 332,574 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KMX shares. Wedbush restated an "outperform" rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas raised CarMax to a "strong sell" rating in a research report on Friday, September 27th. Oppenheimer restated an "outperform" rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Truist Financial lifted their price target on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, CarMax currently has a consensus rating of "Hold" and an average price target of $81.00.

CarMax Stock Performance

Shares of NYSE:KMX traded up $0.99 on Monday, hitting $87.22. The company's stock had a trading volume of 2,805,898 shares, compared to its average volume of 1,914,415. The stock's 50-day moving average is $76.71 and its two-hundred day moving average is $76.65. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.71. 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, Inc. has a 12 month low of $65.38 and a 12 month high of $88.22.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current 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.