Sanctuary Advisors LLC Purchases Shares of 11,690 CarMax, Inc. (NYSE:KMX)

Sanctuary Advisors LLC acquired a new stake in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,690 shares of the company’s stock, valued at approximately $814,000.

Several other institutional investors and hedge funds have also bought and sold shares of KMX. Vanguard Group Inc. raised its holdings in shares of CarMax by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after purchasing an additional 222,132 shares during the period. First Pacific Advisors LP grew its stake in CarMax by 2.0% in the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after acquiring an additional 47,184 shares during the period. Dimensional Fund Advisors LP raised its position in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares during the period. Vulcan Value Partners LLC lifted its holdings in shares of CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in CarMax by 21.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after purchasing an additional 288,165 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMX. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Royal Bank of Canada lifted their price target on CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Argus upgraded CarMax to a “hold” rating in a report on Tuesday, June 25th. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Finally, Truist Financial raised their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average target price of $79.45.

Insider Buying and Selling at CarMax

In other news, SVP John M. Stuckey III sold 19,673 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the completion of the transaction, the senior vice president now owns 969 shares in the company, valued at approximately $79,467.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CarMax news, SVP John M. Stuckey III sold 19,673 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the sale, the senior vice president now owns 969 shares in the company, valued at $79,467.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction 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 of the company’s stock, valued at approximately $1,249,032.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,012 shares of company stock worth $5,249,443 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

NYSE KMX opened at $72.14 on Friday. The company has a market capitalization of $11.26 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a 50-day simple moving average of $78.10 and a 200 day simple moving average of $75.67.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 2.97 EPS for the current year.

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.