<div id="readability-page-1"><p>True North Advisors LLC boosted its holdings in  CarMax, Inc. (NYSE:KMX - Free Report) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund owned 56,779 shares of the company's stock after acquiring an additional 8,117 shares during the period. CarMax comprises about  0.8% of True North Advisors LLC's investment portfolio, making the stock its 26th biggest holding. True North Advisors LLC's holdings in CarMax were worth $4,424,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>CarMax Pulls Guidance: Shares Falling To Buyable Levels </li></ul><p>A number of other large investors have also recently bought and sold shares of KMX. Zions Bancorporation National Association UT acquired a new position in  CarMax in the first quarter worth approximately $27,000.  Accent Capital Management LLC acquired a new position in  CarMax in the first quarter worth approximately $34,000.  Ameriflex Group Inc. acquired a new position in  CarMax in the fourth quarter worth approximately $53,000.  Colonial Trust Co SC grew its position in  CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the last quarter.  Finally, Blue Trust Inc. grew its position in  CarMax by 49.2% in the first quarter. Blue Trust Inc. now owns 898 shares of the company's stock worth $70,000 after buying an additional 296 shares during the last quarter. </p><h2>Insiders Place Their Bets</h2><p>In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value of $108,785.60. Following the sale, the executive vice president directly owned 2,779 shares in the company, valued at approximately $196,308.56. This trade represents a 35.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own  1.70% of the company's stock. </p><h2>CarMax Trading Down 0.6%</h2><ul><li>CarMax and Carvana: Steering the Used Car Market</li></ul><p>Shares of NYSE KMX opened at $54.94 on Friday. The company's 50 day simple moving average is $64.06 and its 200 day simple moving average is $70.79. CarMax, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $91.25. The firm has a market capitalization of $8.24 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.90 and a beta of 1.36. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. </p><p>CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the business posted $0.97 earnings per share. CarMax's revenue was up 6.1% compared to the same quarter last year.  On average, analysts predict that  CarMax, Inc. will post 3.23 EPS for the current year. </p><h2>Analysts Set New Price Targets</h2><ul><li>6 Stocks Poised to Benefit From a Trade War in Unexpected Ways</li></ul><p>A number of equities analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of CarMax from $95.00 to $90.00 and set an &#34;outperform&#34; rating for the company in a research note on Friday, April 11th. Needham &amp; Company LLC  reaffirmed a &#34;buy&#34; rating and issued a $92.00 price objective on shares of CarMax in a research note on Monday, June 23rd. Benchmark assumed coverage on shares of CarMax in a research note on Thursday, July 17th. They issued a &#34;buy&#34; rating and a $75.00 price objective for the company. Mizuho decreased their price objective on shares of CarMax from $80.00 to $78.00 and set a &#34;neutral&#34; rating for the company in a research note on Thursday, July 3rd. Finally, Wall Street Zen raised shares of CarMax from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Wednesday, May 7th. One analyst  has rated the stock with a sell rating, four have assigned  a hold rating, nine have assigned  a buy rating and one  has assigned  a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $83.08.</p><p><b>Check Out Our Latest Analysis on CarMax</b></p><h2>CarMax Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than CarMax</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>MarketBeat Week in Review – 08/04 - 08/08</li><li>Quiet Period Expirations Explained</li><li>Airbnb Beats Earnings, But the Growth Story Is Losing Altitude</li><li>What Are Treasury Bonds?</li><li>Netflix Bulls vs. Bears: Who Wins This Pullback?</li></ul><p><strong>Want to see what other hedge funds are holding KMX?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMX - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtNWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtNWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CarMax Right Now?</h2><p>Before you consider CarMax, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CarMax wasn't on the list.</p><p>While CarMax currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>True North Advisors LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 16.7% in Q1, now holding 56,779 shares valued at $4.42 million. Other investors also acquired positions in CarMax. The stock is currently trading at $54.94, down 0.6%, with a market cap of $8.24 billion. CarMax reported Q1 earnings of $1.38 per share, exceeding estimates. Analysts have mixed ratings on the stock, with price targets ranging from $75 to $90. The company has a P/E ratio of 15.18 and a debt-to-equity ratio of 2.86.</p>

CarMax, Inc. (NYSE:KMX) Position Boosted by True North Advisors LLC