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

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 30,245 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 995 shares in the company, valued at approximately $83,918.30. This trade represents a 96.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CarMax Price Performance

Shares of CarMax stock opened at $83.77 on Friday. The firm 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. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The company’s fifty day simple moving average is $80.03 and its two-hundred day simple moving average is $78.14.

CarMax (NYSE:KMX) last announced its quarterly earnings results 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. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, equities analysts expect that CarMax, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Three research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $85.17.

Institutional Investors Weigh In On CarMax

Large investors have recently modified their holdings of the stock. World Investment Advisors LLC bought a new stake in shares of CarMax during the 3rd quarter valued at about $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC bought a new stake in shares of CarMax during the 3rd quarter valued at about $747,000. Neo Ivy Capital Management bought a new stake in shares of CarMax during the 3rd quarter valued at about $3,934,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of CarMax during the 3rd quarter valued at about $537,000.

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.