Sumitomo Mitsui DS Asset Management Company Ltd Has $1.45 Million Position in CarMax, Inc. (NYSE:KMX)

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

Several other large investors also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax in the 3rd quarter valued at $32,000. True Wealth Design LLC raised its holdings in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter worth about $58,000. Larson Financial Group LLC boosted its stake in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares in the last quarter. Finally, Concord Wealth Partners increased its holdings in shares of CarMax by 84,400.0% during the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after acquiring an additional 844 shares during the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $86.77 on Wednesday. The firm has a market capitalization of $13.34 billion, a PE ratio of 29.41, a PEG ratio of 1.70 and a beta of 1.72. 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 business’s 50 day moving average is $83.21 and its 200-day moving average is $79.72.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KMX shares. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.50.

Insider Activity at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 over the last quarter. 1.66% of the stock is owned by company insiders.

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.