Sumitomo Mitsui Trust Group Inc. Cuts Holdings in CarMax, Inc. (NYSE:KMX)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,159 shares of the company's stock after selling 8,221 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of CarMax worth $26,973,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its stake in shares of CarMax by 10.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp increased its stake in CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after buying an additional 1,396 shares during the period. B. Metzler seel. Sohn & Co. AG raised its position in CarMax by 128.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock worth $719,000 after buying an additional 4,947 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of CarMax by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 60,653 shares of the company's stock worth $4,726,000 after acquiring an additional 2,078 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of CarMax by 12.6% in the first quarter. GAMMA Investing LLC now owns 6,620 shares of the company's stock valued at $516,000 after acquiring an additional 742 shares in the last quarter.

CarMax Price Performance

KMX stock traded down $1.64 on Thursday, reaching $69.94. The company had a trading volume of 1,313,519 shares, compared to its average volume of 2,390,889. The company's fifty day moving average is $66.10 and its 200 day moving average is $74.49. The company has a market cap of $10.50 billion, a P/E ratio of 19.32, a PEG ratio of 1.15 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. CarMax, Inc. has a 1 year low of $61.34 and a 1 year high of $91.25.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Mizuho dropped their price objective on CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday. Wall Street Zen raised CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Finally, Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.45.

Insider Transactions at CarMax

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

CarMax 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.