Birch Hill Investment Advisors LLC Has $2.34 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Birch Hill Investment Advisors LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 7.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,649 shares of the company’s stock after purchasing an additional 2,060 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in CarMax were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax in the third quarter valued at approximately $32,000. True Wealth Design LLC raised its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. Larson Financial Group LLC boosted its holdings in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the period. ST Germain D J Co. Inc. acquired a new stake in CarMax in the 4th quarter worth $58,000. Finally, Concord Wealth Partners increased its holdings in shares of CarMax by 84,400.0% during the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after purchasing an additional 844 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on KMX. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price 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 dated 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 transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

CarMax Price Performance

NYSE:KMX opened at $85.24 on Friday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $13.11 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company’s 50-day moving average price is $83.11 and its two-hundred day moving average price is $79.67.

CarMax (NYSE:KMX) last announced its 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. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, equities analysts anticipate that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

About CarMax

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.