Sanctuary Advisors LLC Buys Shares of 8,192 CarMax, Inc. $KMX

Posted by George Bondi on Aug 31st, 2026

Sanctuary Advisors LLC acquired a new stake in CarMax, Inc. (NYSE:KMX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,192 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMX. CYBER HORNET ETFs LLC bought a new position in shares of CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the 2nd quarter worth $30,000. Global Retirement Partners LLC bought a new stake in CarMax during the 2nd quarter worth $29,000. Basecamp Wealth Advisors LLC increased its holdings in CarMax by 105.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 327 shares in the last quarter. Finally, Huntington National Bank increased its holdings in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMX. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target on the stock in a report on Thursday, June 18th. Benchmark reissued a “hold” rating on shares of CarMax in a report on Thursday, June 18th. UBS Group set a $60.00 price target on shares of CarMax in a research report on Wednesday, July 29th. Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Finally, Barclays raised shares of CarMax from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $37.00 to $61.00 in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.00.

Get Our Latest Research Report on KMX

Insider Transactions at CarMax

In other CarMax news, CEO Keith Barr bought 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sona Chawla bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $53.39 per share, with a total value of $106,780.00. Following the purchase, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 13,900 shares of company stock valued at $735,574. Corporate insiders own 1.01% of the company’s stock.

CarMax Stock Down 0.2%

Shares of NYSE KMX opened at $61.96 on Monday. The company’s 50 day moving average price is $56.79 and its 200-day moving average price is $47.59. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28. The company has a market capitalization of $8.79 billion, a P/E ratio of 40.50, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

CarMax (NYSE:KMX – Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.35. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. CarMax’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 earnings per share. Equities analysts forecast that CarMax, Inc. will post 2.73 earnings per share for the current year.

CarMax Company Profile

(Free Report)

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.