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

CarMax, Inc. (NYSE:KMX) EVP James Lyski sold 57,986 shares of CarMax stock in a transaction 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 transaction, the executive vice president now owns 22,803 shares in the company, valued at approximately $1,855,024.05. This represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CarMax Stock Down 1.4 %

CarMax stock traded down $1.15 during mid-day trading on Friday, reaching $80.07. 1,963,221 shares of the company’s stock were exchanged, compared to its average volume of 1,838,452. 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, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a market cap of $12.40 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.74 and a beta of 1.71. The company has a fifty day moving average of $80.81 and a 200-day moving average of $78.47.

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, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts expect that CarMax, Inc. will post 3.01 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Mizuho increased their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Evercore ISI increased their price target on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.17.

Hedge Funds Weigh In On CarMax

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors LLC purchased a new stake in shares of CarMax during the 3rd quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC acquired a new position in shares of CarMax during the 3rd quarter worth about $747,000. Neo Ivy Capital Management purchased a new position in shares of CarMax in the 3rd quarter valued at about $3,934,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of CarMax during the 3rd quarter worth about $537,000.

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.