Sumitomo Mitsui Trust Group Inc. Buys 10,898 Shares of CarMax, Inc. (NYSE:KMX)

Sumitomo Mitsui Trust Group Inc. lifted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,361 shares of the company's stock after purchasing an additional 10,898 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of CarMax worth $27,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Community Trust NA bought a new stake in CarMax during the second quarter valued at about $29,000. Quarry LP lifted its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter worth approximately $32,000. Blue Trust Inc. grew its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock valued at $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC raised its position in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after buying an additional 334 shares during the last quarter.

CarMax Trading Down 0.2 %

KMX stock traded down $0.18 during mid-day trading on Friday, reaching $78.03. 1,216,026 shares of the stock traded hands, compared to its average volume of 1,474,642. CarMax, Inc. has a one year low of $62.76 and a one year high of $88.22. The stock has a market capitalization of $12.09 billion, a PE ratio of 29.33, a PEG ratio of 1.59 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. The business has a 50-day moving average price of $75.18 and a two-hundred day moving average price of $75.50.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities research analysts expect that CarMax, Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. StockNews.com raised shares of CarMax to a "sell" rating in a research note on Friday, July 26th. Evercore ISI raised their price objective on CarMax from $76.00 to $79.00 and gave the company an "in-line" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a report on Thursday, September 19th. Truist Financial increased their price target on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Finally, BNP Paribas raised CarMax to a "strong sell" rating in a research note on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $79.73.

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.