CarMax, Inc. (NYSE:KMX) Shares Bought by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC increased its position in CarMax, Inc. (NYSE:KMX) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,649 shares of the company’s stock after buying an additional 2,060 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in CarMax were worth $2,342,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KMX. Entropy Technologies LP acquired a new stake in CarMax in the 4th quarter valued at about $811,000. Empowered Funds LLC bought a new stake in shares of CarMax in the 4th quarter worth approximately $383,000. Wilmington Savings Fund Society FSB lifted its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after purchasing an additional 141 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in CarMax by 2.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,684 shares of the company’s stock worth $1,446,000 after buying an additional 380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in CarMax by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 354,380 shares of the company’s stock worth $28,974,000 after buying an additional 3,019 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on KMX shares. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus price target of $87.50.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last three months. Insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX opened at $85.24 on Friday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a market capitalization of $13.11 billion, a PE ratio of 28.89, a PEG ratio of 1.70 and a beta of 1.72. The company’s 50 day moving average price is $83.11 and its 200 day moving average price is $79.67.

CarMax (NYSE:KMX) last posted its quarterly earnings results 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 net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the business posted $0.52 earnings per share. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts expect that CarMax, Inc. will post 3.22 EPS 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.