CarMax, Inc. (NYSE:KMX) EVP Diane L. Cafritz Sells 15,356 Shares

CarMax, Inc. (NYSE:KMX) EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CarMax Stock Up 0.5 %

Shares of NYSE KMX opened at $69.59 on Friday. The company has a market capitalization of $10.95 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company’s 50 day moving average price is $77.98 and its 200-day moving average price is $72.10.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. Equities analysts forecast that CarMax, Inc. will post 3.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KMX. AE Wealth Management LLC lifted its position in shares of CarMax by 58.5% during the 3rd quarter. AE Wealth Management LLC now owns 5,299 shares of the company’s stock valued at $375,000 after acquiring an additional 1,956 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 289 shares during the period. SG Americas Securities LLC lifted its position in shares of CarMax by 73.7% during the 3rd quarter. SG Americas Securities LLC now owns 18,255 shares of the company’s stock valued at $1,291,000 after acquiring an additional 7,743 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of CarMax during the 3rd quarter valued at $106,000. Finally, Czech National Bank lifted its position in shares of CarMax by 47.6% during the 3rd quarter. Czech National Bank now owns 27,651 shares of the company’s stock valued at $1,956,000 after acquiring an additional 8,923 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Evercore ISI reduced their target price on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Truist Financial reduced their target price on shares of CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Finally, Bank of America boosted their target price on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Three equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.42.

CarMax Company 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.