HF Advisory Group LLC Buys 126,236 Shares of CarMax, Inc. $KMX

Key Points

• HF Advisory Group LLC increased its stake in CarMax by 347.7% in Q4, buying an additional 126,236 shares to hold 162,544 shares (about 0.11% of the company) worth roughly $6.28 million.
• Analysts are mixed—MarketBeat shows an average rating of "Reduce" with a $39.21 average target—and recent reports include several price-target cuts; CarMax shares trade around $40.28 with a 52-week range of $30.26–$82.79 and a $5.71 billion market cap.

HF Advisory Group LLC increased its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 347.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 162,544 shares of the company's stock after buying an additional 126,236 shares during the period. HF Advisory Group LLC owned 0.11% of CarMax worth $6,281,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Silver Heights Capital Management Inc grew its stake in shares of CarMax by 39.5% in the third quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company's stock valued at $41,557,000 after acquiring an additional 262,478 shares in the last quarter. Intech Investment Management LLC lifted its stake in CarMax by 129.4% during the third quarter. Intech Investment Management LLC now owns 86,444 shares of the company's stock worth $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 acquiring an additional 49,450 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company's stock valued at $165,358,000 after acquiring an additional 918,553 shares during the last quarter. Finally, Rings Capital Management LLC grew its stake in CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company's stock valued at $48,190,000 after acquiring an additional 448,000 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KMX shares. Mizuho reduced their price objective on CarMax from $46.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, December 19th. Truist Financial upped their price target on CarMax from $35.00 to $37.00 and gave the company a "hold" rating in a research report on Thursday, December 18th. Benchmark reiterated a "hold" rating on shares of CarMax in a research note on Tuesday, December 16th. Zacks Research upgraded CarMax from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Finally, Wedbush dropped their price objective on shares of CarMax from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $39.21.

CarMax Stock Performance

CarMax stock opened at $40.28 on Thursday. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $82.79. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. The stock has a market cap of $5.71 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. The firm's fifty day moving average price is $43.34 and its 200-day moving average price is $42.85.

About CarMax

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.

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