HF Advisory Group LLC Purchases 4,521 Shares of CarMax, Inc. (NYSE:KMX)

HF Advisory Group LLC grew its position in CarMax, Inc. (NYSE:KMX) by 41.8% during the fourth quarter, HoldingsChannel.com reports. The firm 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMX. Fairfield Bush & CO. bought a new stake in CarMax during the first quarter worth about $106,000. American Century Companies Inc. raised its holdings in CarMax by 11.8% during the first quarter. American Century Companies Inc. now owns 23,475 shares of the company’s stock worth $2,264,000 after acquiring an additional 2,483 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in CarMax by 80.1% during the first quarter. Panagora Asset Management Inc. now owns 16,980 shares of the company’s stock worth $1,638,000 after acquiring an additional 7,550 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in CarMax by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,633 shares of the company’s stock worth $2,087,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in CarMax by 1.2% during the first quarter. Yousif Capital Management LLC now owns 26,032 shares of the company’s stock worth $2,512,000 after acquiring an additional 299 shares in the last quarter.

Insider Activity

In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction 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 approximately $642,830.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $357,849.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,929 shares of company stock worth $2,740,901. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

NYSE KMX traded up $0.32 on Thursday, hitting $68.85. 333,820 shares of the company’s stock were exchanged, compared to its average volume of 1,984,715. The stock has a 50-day moving average of $78.66 and a 200-day 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, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.10 and a beta of 1.61.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Analysts expect that CarMax, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on KMX shares. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Tuesday. Needham & Company LLC lowered their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Evercore ISI lowered their price target on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Friday, April 12th. Truist Financial lowered their price target on CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Friday, April 12th. Finally, Bank of America boosted their price target on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.42.

CarMax Profile

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.