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

Copperleaf Capital LLC raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,603 shares of the company’s stock after buying 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.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its position in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the period. Principal Securities Inc. boosted its position in CarMax by 2.3% during the fourth quarter. Principal Securities Inc. now owns 74,360 shares of the company’s stock valued at $6,080,000 after buying an additional 1,660 shares during the period. Hickory Asset Management Inc. bought a new position in shares of CarMax during the fourth quarter valued at about $510,000. V Square Quantitative Management LLC boosted its holdings in shares of CarMax by 9.3% during the fourth quarter. V Square Quantitative Management LLC now owns 7,986 shares of the company’s stock worth $653,000 after purchasing an additional 678 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of CarMax during the fourth quarter worth about $240,000.

Insider Activity at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMX. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Finally, Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.50.

CarMax Price Performance

KMX stock opened at $88.91 on Friday. The firm has a 50 day moving average price of $83.38 and a 200-day moving average price of $79.83. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.70 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Equities research analysts forecast 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.