CarMax, Inc. (NYSE:KMX) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 44.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,878 shares of the company’s stock after purchasing an additional 5,188 shares during the quarter. Sanctuary Advisors LLC’s holdings in CarMax were worth $1,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the third quarter worth about $32,000. True Wealth Design LLC increased its position in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC boosted its position in shares of CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the period.

CarMax Stock Performance

NYSE KMX opened at $84.27 on Friday. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71. The business’s 50 day moving average is $78.77 and its two-hundred day moving average is $77.55. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced its quarterly earnings data 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 return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

KMX has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Finally, Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.17.

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.