Sanctuary Advisors LLC Takes $433,000 Position in CarMax, Inc. $KMX

Sanctuary Advisors LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,192 shares of the company’s stock, valued at approximately $433,000.

Several other large investors also recently made changes to their positions in KMX. CYBER HORNET ETFs LLC bought a new stake in CarMax in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc bought a new position in CarMax in the second quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new stake in CarMax in the second quarter valued at approximately $29,000. Basecamp Wealth Advisors LLC grew its stake in CarMax by 105.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the period. Finally, Huntington National Bank increased its holdings in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Keith Barr purchased 9,400 shares of CarMax stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the transaction, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sona Chawla purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the acquisition, the director owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. This trade represents a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 13,900 shares of company stock worth $735,574 in the last three months. 1.01% of the stock is currently owned by corporate insiders.

CarMax Trading Down 0.2%

Shares of KMX opened at $61.96 on Monday. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $65.28. The stock has a market cap of $8.79 billion, a PE ratio of 40.50, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The business’s 50-day moving average price is $56.79 and its 200-day moving average price is $47.59.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The company had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. CarMax’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share. On average, equities analysts forecast that CarMax, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMX. Benchmark reissued a “hold” rating on shares of CarMax in a research report on Thursday, June 18th. Morgan Stanley lifted their target price on CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Weiss Ratings upgraded CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Bank of America boosted their price objective on CarMax from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. raised shares of CarMax from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $38.00 to $60.00 in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.00.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.