James Lyski Sells 57,986 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) EVP James Lyski sold 57,986 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value 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. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

CarMax Trading Down 1.4 %

Shares of KMX opened at $80.07 on Friday. The stock’s fifty day simple moving average is $80.97 and its 200-day simple moving average is $78.58. The firm has a market capitalization of $12.40 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. 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 (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on KMX shares. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC increased their target price on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Evercore ISI raised their price objective 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. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.17.

Institutional Trading of CarMax

A number of institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after purchasing an additional 36,959 shares during the period. Janus Henderson Group PLC increased its holdings in CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC lifted its stake in CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares during the period. First Pacific Advisors LP boosted its holdings in CarMax by 2.0% during the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after buying an additional 47,184 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after buying an additional 51,397 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.