CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels Sells 30,245 Shares of Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 30,245 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total value of $2,550,863.30. Following the transaction, the senior vice president now directly owns 995 shares in the company, valued at $83,918.30. The trade was a 96.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CarMax Stock Performance

KMX opened at $83.77 on Friday. 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 52-week low of $65.83 and a 52-week high of $91.25. 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 business’s fifty day moving average is $80.03 and its 200-day moving average is $78.20.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on KMX shares. Evercore ISI upped their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Three equities 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.17.

Institutional Investors Weigh In On CarMax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the third quarter valued at about $32,000. True Wealth Design LLC raised its stake in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Studio Investment Management LLC lifted its holdings in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares in the last quarter.

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.