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

HF Advisory Group LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 41.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,343 shares of the company’s stock after buying an additional 4,521 shares during the quarter. HF Advisory Group LLC’s holdings in CarMax were worth $1,177,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the period. CENTRAL TRUST Co increased its stake in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ronald Blue Trust Inc. increased its stake in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 289 shares during the period. VitalStone Financial LLC purchased a new stake in CarMax during the first quarter worth about $33,000. Finally, Creative Financial Designs Inc. ADV increased its stake in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $83.00 price target on shares of CarMax in a research note on Monday, April 8th. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Evercore ISI cut their target price on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Wedbush restated an “outperform” rating and set a $90.00 target price on shares of CarMax in a research note on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.42.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

Shares of KMX stock traded up $0.32 during mid-day trading on Thursday, reaching $68.85. The stock had a trading volume of 333,820 shares, compared to its average volume of 1,984,715. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a market cap of $10.84 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61. The business has a 50-day simple moving average of $78.66 and a 200 day simple moving average of $72.07. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.48 earnings per share for the current year.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.