Copperleaf Capital LLC Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

Copperleaf Capital LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 33.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,603 shares of the company’s stock after acquiring an additional 3,908 shares during the period. Copperleaf Capital LLC’s holdings in CarMax were worth $1,276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. First Hawaiian Bank purchased a new stake in shares of CarMax in the fourth quarter valued at $273,000. World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter valued at $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after acquiring an additional 10,898 shares during the period. HF Advisory Group LLC raised its stake in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after acquiring an additional 3,222 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of CarMax in the fourth quarter valued at $600,000.

Insider Activity

In related news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now owns 22,803 shares of the company’s stock, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 1.5 %

Shares of CarMax stock opened at $88.91 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The firm’s 50-day moving average is $83.38 and its two-hundred day moving average is $79.83. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the business earned $0.52 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent analyst reports. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and increased their target price for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Mizuho raised their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $87.50.

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.