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

Sanctuary Advisors LLC raised its position in CarMax, Inc. (NYSE:KMX) by 44.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in CarMax in the third quarter valued at approximately $1,587,000. Arete Wealth Advisors LLC raised its position in CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after purchasing an additional 141 shares during the period. Toronto Dominion Bank lifted its stake in shares of CarMax by 21.5% in the 3rd quarter. Toronto Dominion Bank now owns 55,628 shares of the company’s stock valued at $4,304,000 after purchasing an additional 9,855 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of CarMax during the 3rd quarter worth $3,934,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of CarMax during the 3rd quarter worth about $208,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KMX shares. Needham & Company LLC increased their target price on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. 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 report on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Performance

Shares of KMX opened at $84.27 on Friday. The stock has a 50-day simple moving average of $78.77 and a 200-day simple moving average of $77.55. 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 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market capitalization of $13.06 billion, a PE ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

CarMax 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.