CarMax, Inc. (NYSE:KMX) SVP Sells $2,550,863.30 in Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 30,245 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total value of $2,550,863.30. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $83,918.30. The trade was a 96.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CarMax Price Performance

Shares of KMX opened at $83.77 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock has a market capitalization 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. The company has a 50 day moving average of $80.03 and a 200-day moving average of $78.20.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Evercore ISI upped their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.17.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently bought and sold shares of KMX. Quarry LP increased its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the third quarter valued at $32,000. True Wealth Design LLC increased its holdings in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. Studio Investment Management LLC raised its position in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the period.

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.