CarMax, Inc. (NYSE:KMX) SVP Sells $853,000.00 in Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CarMax Trading Down 1.6 %

NYSE:KMX traded down $1.40 during trading hours on Friday, hitting $83.77. The company had a trading volume of 1,317,962 shares, compared to its average volume of 1,933,261. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a 50-day moving average of $79.85 and a 200 day moving average of $78.03. The company has a market cap of $12.98 billion, a P/E ratio of 31.49, a P/E/G ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Sell-side analysts expect that CarMax, Inc. will post 3.01 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in shares of CarMax by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 972,307 shares of the company’s stock worth $71,309,000 after purchasing an additional 5,012 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of CarMax in the 2nd quarter worth approximately $208,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of CarMax by 53.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company’s stock worth $2,998,000 after acquiring an additional 14,230 shares during the last quarter. HB Wealth Management LLC increased its holdings in CarMax by 27.5% in the 2nd quarter. HB Wealth Management LLC now owns 5,651 shares of the company’s stock valued at $414,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in CarMax by 29.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,383 shares of the company’s stock valued at $2,155,000 after purchasing an additional 6,658 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMX. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Stephens started coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Evercore ISI boosted their price objective on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $85.17.

About CarMax

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.