If you’re looking for new stock ideas to put on your watch list, a great strategy is to take a look at what hedge fund managers are buying and selling. Of course, not every hedge fund does well, and success can swing wildly year to year, but there is value in being able to see the number of funds buying or selling a stock, as well as which stocks are at the top of funds’ holdings.
With that said, it’s pretty clear that hedge fund managers are starting to like CarMax, Inc. (NYSE: KMX) more and more.