CarMax, Inc. (NYSE:KMX) EVP Sells $837,700.00 in Stock

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This represents a 46.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CarMax Stock Up 0.3 %

NYSE:KMX opened at $85.17 on Friday. The business’s fifty day moving average price is $79.85 and its 200 day moving average price is $78.03. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 1.74 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. On average, sell-side analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KMX. Arete Wealth Advisors LLC boosted its stake in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after buying an additional 141 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after acquiring an additional 142 shares in the last quarter. Allegheny Financial Group LTD boosted its position in CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after purchasing an additional 143 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its stake in CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after purchasing an additional 170 shares in the last quarter. Finally, Signaturefd LLC increased its position in CarMax by 12.5% in the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock worth $120,000 after purchasing an additional 172 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMX. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Finally, Truist Financial lifted their price target 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.17.

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.