Copperleaf Capital LLC Buys 3,908 Shares of CarMax, Inc. (NYSE:KMX)

Copperleaf Capital LLC raised its position in CarMax, Inc. (NYSE:KMX - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,603 shares of the company's stock after buying an additional 3,908 shares during the quarter. Copperleaf Capital LLC's holdings in CarMax were worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KMX. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the 3rd quarter valued at $32,000. True Wealth Design LLC raised its stake in shares of 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 period. Allworth Financial LP raised its stake in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after purchasing an additional 249 shares during the period. Larson Financial Group LLC raised its stake in shares of CarMax by 91.9% during 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. Finally, ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the 4th quarter valued at $58,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on KMX shares. Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $87.50.

CarMax Trading Down 2.0 %

KMX stock traded down $1.76 during trading on Thursday, hitting $85.68. 1,576,752 shares of the company traded hands, compared to its average volume of 1,584,299. The firm has a market capitalization of $13.18 billion, a PE ratio of 29.04, a P/E/G ratio of 1.75 and a beta of 1.72. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a 50-day moving average of $83.46 and a 200-day moving average of $80.02. 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 - Get Free Report) last issued its 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 analysts' expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the firm's 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 transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by company insiders.

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.