Sanctuary Advisors LLC Has $1.38 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Sanctuary Advisors LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,714 shares of the company’s stock after selling 1,164 shares during the quarter. Sanctuary Advisors LLC’s holdings in CarMax were worth $1,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Principal Financial Group Inc. grew its stake in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the last quarter. State Street Corp grew its position in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC raised its position in shares of CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after acquiring an additional 14,903 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares during the period.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 over the last three months. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on KMX shares. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, 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, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $87.50.

CarMax Trading Down 0.0 %

NYSE KMX opened at $82.88 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The business has a 50 day moving average price of $83.32 and a 200-day moving average price of $80.25. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.67 and a beta of 1.72.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating 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 business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the business posted $0.52 EPS. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.