HF Advisory Group LLC Boosts Stake in CarMax, Inc. (NYSE:KMX)

HF Advisory Group LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,571 shares of the company’s stock after acquiring an additional 739 shares during the quarter. HF Advisory Group LLC’s holdings in CarMax were worth $1,979,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its stake in CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after purchasing an additional 17,557 shares during the last quarter. Swedbank AB acquired a new position in CarMax in the first quarter worth about $1,406,000. SG Americas Securities LLC increased its holdings in CarMax by 7.9% in the first quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock valued at $1,998,000 after buying an additional 1,688 shares during the last quarter. Finally, CWM LLC raised its stake in CarMax by 69.6% during the second quarter. CWM LLC now owns 17,776 shares of the company’s stock valued at $1,304,000 after buying an additional 7,294 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on KMX. Truist Financial lifted their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Stock Performance

KMX opened at $73.87 on Wednesday. CarMax, Inc. has a twelve month low of $61.73 and a twelve month high of $88.22. The stock has a market cap of $11.44 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.68. The business’s 50 day moving average is $76.35 and its 200-day moving average is $75.00. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was down .9% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

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.