CarMax, Inc. (NYSE:KMX) SVP Sells $853,000.00 in Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $84,873.50. This represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CarMax Price Performance

Shares of CarMax stock opened at $83.77 on Monday. The firm has a market cap of $12.98 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The firm’s 50-day simple moving average is $80.03 and its 200-day simple moving average is $78.20. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. 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 (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMX shares. Truist Financial upped their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Needham & Company LLC lifted their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Finally, Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price of $85.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas bought a new stake in shares of CarMax in the 3rd quarter worth about $2,229,000. Franklin Resources Inc. boosted its position in CarMax by 53.3% in the third quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after buying an additional 9,509 shares in the last quarter. Tidal Investments LLC grew its stake in CarMax by 141.8% during the third quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock worth $1,007,000 after buying an additional 7,635 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of CarMax during the third quarter worth approximately $351,000. Finally, World Investment Advisors LLC bought a new position in shares of CarMax in the third quarter valued at approximately $6,942,000.

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.