CarMax, Inc. (NYSE:KMX) Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in CarMax, Inc. (NYSE:KMX - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,158 shares of the company's stock after selling 21,795 shares during the period. California State Teachers Retirement System owned 0.14% of CarMax worth $17,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its position in CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock worth $539,213,000 after purchasing an additional 5,122,850 shares during the period. Norges Bank acquired a new stake in CarMax during the 4th quarter worth about $423,187,000. Janus Henderson Group PLC grew its position in CarMax by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock worth $381,978,000 after purchasing an additional 29,715 shares during the period. Finally, Geode Capital Management LLC grew its position in CarMax by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after purchasing an additional 47,058 shares during the period.

CarMax Price Performance

KMX traded down $0.70 on Monday, hitting $63.76. 1,349,062 shares of the company were exchanged, compared to its average volume of 2,245,204. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The business's fifty day moving average is $68.51 and its 200 day moving average is $77.02. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25. The firm has a market capitalization of $9.74 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Needham & Company LLC lowered their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of CarMax in a research note on Monday, May 19th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Finally, Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.82.

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.