CarMax, Inc. (NYSE:KMX) EVP Sells $4,717,161.10 in Stock

CarMax, Inc. (NYSE:KMX) EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the transaction, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at approximately $1,855,024.05. This represents a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CarMax Price Performance

KMX traded down $1.15 during trading on Friday, hitting $80.07. The company’s stock had a trading volume of 1,963,221 shares, compared to its average volume of 1,838,452. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.74 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The business’s fifty day simple moving average is $80.81 and its 200 day simple moving average is $78.47. 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 released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for 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%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, equities research analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMX. Royal Bank of Canada raised their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Evercore ISI increased their price target on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.17.

Institutional Trading of CarMax

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

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.