Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of CarMax Inc. (NYSE:KMX) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 556,579 shares of the company’s stock after selling 376 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of CarMax worth $29,693,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. boosted its position in shares of CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock worth $151,000 after buying an additional 1,472 shares during the last quarter. IFP Advisors Inc boosted its position in shares of CarMax by 16.0% in the second quarter. IFP Advisors Inc now owns 3,272 shares of the company’s stock worth $160,000 after buying an additional 452 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of CarMax by 5.4% in the second quarter. Pacer Advisors Inc. now owns 3,453 shares of the company’s stock worth $169,000 after buying an additional 176 shares during the last quarter. MAI Capital Management bought a new position in shares of CarMax during the third quarter worth about $206,000. Finally, Arcus Capital Partners LLC bought a new position in shares of CarMax during the second quarter worth about $210,000.
CarMax Inc. (NYSE:KMX) opened at 65.68 on Thursday. The stock’s 50 day moving average price is $63.65 and its 200 day moving average price is $57.22. CarMax Inc. has a 52-week low of $41.25 and a 52-week high of $68.06. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 20.81 and a beta of 1.30.
CarMax (NYSE:KMX) last released its quarterly earnings data on Tuesday, December 20th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.75 billion. CarMax had a return on equity of 21.02% and a net margin of 3.96%. CarMax’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, equities analysts anticipate that CarMax Inc. will post $3.29 earnings per share for the current fiscal year.
A number of brokerages have issued reports on KMX. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $72.00 price objective (up from $66.00) on shares of CarMax in a report on Tuesday, December 13th. Deutsche Bank AG lifted their price objective on CarMax from $65.00 to $66.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Vetr raised CarMax from a “sell” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a report on Tuesday, December 6th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of CarMax in a report on Wednesday, November 16th. Finally, Credit Suisse Group AG set a $75.00 price objective on CarMax and gave the company a “buy” rating in a report on Sunday, December 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.58.
In related news, EVP Edwin J. Hill sold 34,894 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $66.53, for a total value of $2,321,497.82. Following the sale, the executive vice president now directly owns 34,914 shares of the company’s stock, valued at $2,322,828.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas W. Reedy, Jr. sold 27,000 shares of the firm’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $64.02, for a total value of $1,728,540.00. Following the completion of the sale, the chief financial officer now directly owns 84,183 shares in the company, valued at $5,389,395.66. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax Inc. (NYSE:KMX).