CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim Sells 10,000 Shares

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CarMax Stock Performance

Shares of KMX opened at $85.17 on Friday. The stock has a market capitalization of $13.19 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The business’s fifty day moving average price is $79.85 and its 200 day moving average price is $78.03. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $6.05 billion. During the same period in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 3.01 EPS for the current year.

Hedge Funds Weigh In On CarMax

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in 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 buying an additional 5,012 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of CarMax in the 2nd quarter worth about $208,000. Cambridge Investment Research Advisors Inc. lifted its position in CarMax by 53.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company’s stock valued at $2,998,000 after purchasing an additional 14,230 shares during the last quarter. HB Wealth Management LLC boosted its stake in CarMax by 27.5% during 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CarMax by 29.3% during the 2nd 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.

Analyst Ratings Changes

Several research firms have commented on KMX. BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Mizuho boosted 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. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Needham & Company LLC boosted their price objective on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.