Birch Hill Investment Advisors LLC Has $2.06 Million Position in CarMax, Inc. (NYSE:KMX)

Birch Hill Investment Advisors LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,589 shares of the company’s stock after buying an additional 570 shares during the period. Birch Hill Investment Advisors LLC’s holdings in CarMax were worth $2,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Baker Tilly Wealth Management LLC boosted its stake in shares of CarMax by 4.6% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock valued at $217,000 after purchasing an additional 130 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CarMax by 6.5% in the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock valued at $188,000 after purchasing an additional 131 shares in the last quarter. Peoples Bank KS boosted its stake in shares of CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after purchasing an additional 135 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after purchasing an additional 142 shares in the last quarter. Finally, Allegheny Financial Group LTD boosted its stake in shares of CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after purchasing an additional 143 shares in the last quarter.

Insider Activity

In other news, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at $1,249,032.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,012 shares of company stock valued at $5,249,443 in the last ninety days. 1.66% of the stock is owned by insiders.

CarMax Stock Performance

Shares of NYSE:KMX opened at $72.14 on Friday. The stock has a market capitalization of $11.26 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.46 and a beta of 1.68. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The business has a 50-day moving average price of $78.10 and a two-hundred day moving average price of $75.67.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Equities analysts predict that CarMax, Inc. will post 2.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Royal Bank of Canada upped their price target on shares of CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Tuesday, September 17th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $79.45.

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.