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

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 30,245 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at $83,918.30. This represents a 96.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CarMax Stock Down 1.6 %

KMX opened at $83.77 on Friday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a market cap of $12.98 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The company has a 50 day moving average of $80.03 and a 200 day moving average of $78.14.

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 net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that CarMax, Inc. will post 3.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KMX shares. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Mizuho increased their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Needham & Company LLC increased their target price on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Evercore ISI increased their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Three investment 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. According to MarketBeat, CarMax has a consensus rating of “Hold” and an average target price of $85.17.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC lifted its stake in CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of CarMax by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD raised its position in shares of CarMax by 4.1% during the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after buying an additional 143 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its position in shares of CarMax by 1.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after buying an additional 170 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of CarMax by 12.5% during the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after buying an additional 172 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.