HF Advisory Group LLC Has $2.35 Million Holdings in CarMax, Inc. (NYSE:KMX)

HF Advisory Group LLC boosted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,793 shares of the company's stock after acquiring an additional 3,222 shares during the quarter. CarMax makes up approximately 1.1% of HF Advisory Group LLC's holdings, making the stock its 28th biggest holding. HF Advisory Group LLC's holdings in CarMax were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after acquiring an additional 1,713,379 shares during the period. Vulcan Value Partners LLC lifted its position in CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company's stock valued at $133,773,000 after purchasing an additional 1,369,986 shares during the period. Holocene Advisors LP boosted its stake in shares of CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock valued at $73,274,000 after purchasing an additional 834,232 shares during the last quarter. Marshall Wace LLP raised its stake in shares of CarMax by 87.6% during the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company's stock worth $85,118,000 after buying an additional 541,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock valued at $114,471,000 after buying an additional 436,342 shares during the period.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock worth $21,503,625 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Down 0.9 %

CarMax stock traded down $0.69 during midday trading on Friday, reaching $78.96. The stock had a trading volume of 1,482,993 shares, compared to its average volume of 1,894,977. The stock has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The firm's fifty day simple moving average is $82.07 and its 200-day simple moving average is $79.14. 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, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. As a group, analysts expect that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Royal Bank of Canada raised their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, Wedbush reissued an "outperform" rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $85.17.

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.