Birch Hill Investment Advisors LLC Has $630,000 Holdings in CarMax, Inc. $KMX

Birch Hill Investment Advisors LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,300 shares of the company’s stock after selling 19,937 shares during the period. Birch Hill Investment Advisors LLC’s holdings in CarMax were worth $630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Silver Heights Capital Management Inc lifted its stake in shares of CarMax by 39.5% in the 3rd quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock valued at $41,557,000 after purchasing an additional 262,478 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of CarMax by 129.4% in the 3rd quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock valued at $3,879,000 after purchasing an additional 48,757 shares during the last quarter. True North Advisors LLC lifted its stake in shares of CarMax by 66.6% in the 3rd quarter. True North Advisors LLC now owns 123,742 shares of the company’s stock valued at $5,552,000 after purchasing an additional 49,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CarMax by 33.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after purchasing an additional 918,553 shares during the last quarter. Finally, Rings Capital Management LLC lifted its stake in shares of CarMax by 71.6% in the 3rd quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock valued at $48,190,000 after purchasing an additional 448,000 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of several analyst reports. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore set a $45.00 target price on shares of CarMax in a research report on Friday, April 10th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. Barclays dropped their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Argus raised CarMax to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $41.21.

CarMax Stock Performance

NYSE KMX opened at $40.90 on Friday. The stock has a market cap of $5.80 billion, a P/E ratio of 25.56, a PEG ratio of 1.12 and a beta of 1.30. The company’s 50-day simple moving average is $42.64 and its 200 day simple moving average is $41.91. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The company has a quick ratio of 0.51, a current ratio of 2.20 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.