CarMax, Inc. (NYSE:KMX) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,684 shares of the company’s stock after purchasing an additional 380 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CarMax were worth $1,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax during the third quarter valued at $32,000. True Wealth Design LLC lifted its position in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in CarMax during the 4th quarter valued at about $58,000. Larson Financial Group LLC grew its position in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the last quarter. Finally, Concord Wealth Partners increased its stake in shares of CarMax by 84,400.0% in the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after purchasing an additional 844 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMX. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Finally, Needham & Company LLC boosted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.50.

Insider Activity

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 over the last quarter. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

NYSE KMX opened at $86.77 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $13.34 billion, a PE ratio of 29.41, a PEG ratio of 1.70 and a beta of 1.72. The stock’s 50-day moving average price is $83.21 and its two-hundred day moving average price is $79.72.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 3.22 EPS for the current year.

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.