CarMax, Inc (NYSE:KMX) Director Sells $512,320.00 in Stock

CarMax, Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total transaction of $512,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CarMax, Inc (NYSE KMX) traded up $0.50 during trading on Thursday, hitting $70.30. 2,131,800 shares of the stock traded hands, compared to its average volume of 3,273,628. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The stock has a market cap of $12,870.00, a PE ratio of 18.85, a P/E/G ratio of 1.19 and a beta of 1.48. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the firm earned $0.72 earnings per share. CarMax’s revenue was up 11.0% on a year-over-year basis. sell-side analysts expect that CarMax, Inc will post 3.86 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in CarMax by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after acquiring an additional 24,390 shares during the last quarter. Calamos Advisors LLC lifted its position in CarMax by 20.3% in the second quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock valued at $21,544,000 after acquiring an additional 57,657 shares during the last quarter. Prudential Financial Inc. lifted its position in CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock valued at $20,645,000 after acquiring an additional 15,545 shares during the last quarter. Magnetar Financial LLC purchased a new stake in CarMax in the third quarter valued at $1,445,000. Finally, Victory Capital Management Inc. lifted its position in CarMax by 16.1% in the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock valued at $1,364,000 after acquiring an additional 3,002 shares during the last quarter.

KMX has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $81.00 price target on shares of CarMax in a research report on Friday, December 22nd. Oppenheimer cut shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research report on Thursday, October 5th. CIBC raised their price target on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, September 19th. Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Susquehanna Bancshares set a $68.00 price target on shares of CarMax and gave the company a “hold” rating in a research report on Monday, January 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. CarMax has a consensus rating of “Hold” and a consensus target price of $77.07.

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CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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