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 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 owns 995 shares in the company, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CarMax Stock Performance

Shares of NYSE:KMX opened at $83.77 on Friday. The firm’s 50 day simple moving average is $80.03 and its 200-day simple moving average is $78.14. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The firm has a market cap of $12.98 billion, a PE ratio of 31.49, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $0.52 EPS. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that CarMax, Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on KMX shares. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Mizuho lifted 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. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.17.

Institutional Trading of CarMax

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in shares of CarMax by 0.5% in 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. purchased a new stake in CarMax during the second quarter worth $208,000. Cambridge Investment Research Advisors Inc. boosted its position in CarMax by 53.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company’s stock valued at $2,998,000 after acquiring an additional 14,230 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 1,218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CarMax by 29.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,383 shares of the company’s stock worth $2,155,000 after acquiring an additional 6,658 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.