True North Advisors LLC Has $3.75 Million Stock Position in CarMax, Inc. (NYSE:KMX)

True North Advisors LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,437 shares of the company’s stock after purchasing an additional 2,350 shares during the period. CarMax accounts for 1.0% of True North Advisors LLC’s holdings, making the stock its 16th biggest holding. True North Advisors LLC’s holdings in CarMax were worth $3,748,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vulcan Value Partners LLC lifted its stake in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after acquiring an additional 1,369,986 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of CarMax by 1,327.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after purchasing an additional 951,558 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of CarMax by 3,094.0% during the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after buying an additional 577,685 shares during the period. Marshall Wace LLP raised its stake in CarMax by 87.6% during the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after buying an additional 541,967 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in CarMax by 212.8% in the second quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock valued at $35,851,000 after buying an additional 332,574 shares during the period.

Analyst Ratings Changes

Several research firms have recently weighed in on KMX. Argus raised CarMax to a “hold” rating in a research report on Tuesday, June 25th. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Tuesday, September 17th. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price objective on shares of CarMax in a report on Friday, June 21st. Finally, Evercore ISI decreased their price objective on CarMax from $79.00 to $76.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.45.

CarMax Stock Performance

Shares of KMX stock opened at $72.13 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The firm has a 50-day moving average of $78.70 and a 200-day moving average of $75.90. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a market cap of $11.26 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.56 and a beta of 1.68.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Insider Activity at CarMax

In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares in the company, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,012 shares of company stock valued at $14,803,843. 1.66% 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.