CarMax, Inc. (NYSE:KMX) Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC lifted its holdings in CarMax, Inc. (NYSE:KMX) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,793 shares of the company’s stock after purchasing an additional 3,222 shares during the quarter. CarMax comprises about 1.1% of HF Advisory Group LLC’s portfolio, making the stock its 28th biggest position. HF Advisory Group LLC’s holdings in CarMax were worth $2,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC boosted its stake in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Larson Financial Group LLC grew its position in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in CarMax during the 4th quarter valued at approximately $58,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMX shares. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” 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. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.17.

CarMax Trading Down 0.9 %

KMX stock opened at $78.96 on Friday. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $12.14 billion, a P/E ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The company’s 50-day simple moving average is $82.07 and its 200-day simple moving average is $79.10.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates 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 last year, the company earned $0.52 earnings per share. As a group, equities analysts forecast that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now directly 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 legal filing with the SEC, which is available at this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is owned by corporate insiders.

About CarMax

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.