Insider Selling: CarMax, Inc. (NYSE:KMX) CFO Sells $407,150.00 in Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CarMax Trading Down 0.9 %

KMX opened at $78.96 on Monday. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $82.07 and a 200 day simple moving average of $79.14.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company 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 company earned $0.52 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

KMX has been the topic of a number of analyst reports. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Mizuho lifted 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. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Evercore ISI lifted their price objective on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Stephens started coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.17.

Institutional Inflows and Outflows

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