Jill A. Livesay Sells 13,009 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CarMax Trading Down 0.9 %

NYSE KMX opened at $78.96 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company’s 50 day moving average price is $82.07 and its 200 day moving average price is $79.10. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71.

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 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the firm posted $0.52 earnings per share. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that CarMax, Inc. will post 3.18 EPS for the current year.

Institutional Trading of CarMax

Several large investors have recently bought and sold shares of KMX. Acadian Asset Management LLC acquired a new stake in CarMax in the second quarter valued at approximately $127,000. DekaBank Deutsche Girozentrale grew its position in CarMax by 11.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,520 shares of the company’s stock valued at $2,517,000 after acquiring an additional 3,481 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in CarMax by 8.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,938 shares of the company’s stock valued at $509,000 after acquiring an additional 547 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Finally, Argent Trust Co grew its position in CarMax by 22.3% in the second quarter. Argent Trust Co now owns 31,509 shares of the company’s stock valued at $2,311,000 after acquiring an additional 5,739 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMX shares. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price objective on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Truist Financial upped their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Finally, Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CarMax has an average rating of “Hold” and an average price target of $85.17.

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.