Teacher Retirement System of Texas Takes Position in CarMax, Inc. (NYSE:KMX)

Teacher Retirement System of Texas bought a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,495 shares of the company's stock, valued at approximately $1,753,000.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in CarMax in the fourth quarter valued at approximately $53,000. Colonial Trust Co SC grew its position in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after buying an additional 693 shares during the last quarter. Blue Trust Inc. lifted its position in CarMax by 49.2% in the first quarter. Blue Trust Inc. now owns 898 shares of the company's stock valued at $70,000 after acquiring an additional 296 shares during the last quarter. Parallel Advisors LLC lifted its position in CarMax by 38.4% in the first quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after acquiring an additional 260 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after acquiring an additional 551 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Mizuho dropped their price target on CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Royal Bank Of Canada upped their price objective on shares of CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Truist Financial raised their price target on CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a report on Monday, June 23rd. Finally, Wedbush restated an "outperform" rating and set a $90.00 target price on shares of CarMax in a research report on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.45.

CarMax Stock Down 3.0%

CarMax stock traded down $1.94 during trading on Tuesday, reaching $63.26. 1,551,820 shares of the company's stock were exchanged, compared to its average volume of 2,406,324. CarMax, Inc. has a 52-week low of $61.34 and a 52-week high of $91.25. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.04 and a beta of 1.38. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The company's 50-day moving average is $66.46 and its two-hundred day moving average is $73.56.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insider Activity at CarMax

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the transaction, the executive vice president directly owned 2,779 shares of the company's stock, valued at $196,308.56. This trade represents a 35.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mitchell D. Steenrod bought 1,300 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director owned 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03% increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

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.