CarMax, Inc. (NYSE:KMX) SVP Sells $411,820.02 in Stock

CarMax, Inc. (NYSE:KMX) SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CarMax Trading Up 2.2 %

KMX traded up $1.90 during trading on Thursday, hitting $87.60. The company’s stock had a trading volume of 1,533,562 shares, compared to its average volume of 1,664,224. The stock has a market cap of $13.47 billion, a PE ratio of 29.69, a PEG ratio of 1.49 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The firm’s 50 day moving average price is $82.88 and its 200-day moving average price is $79.50.

CarMax (NYSE:KMX) last issued 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that CarMax, Inc. will post 3.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on KMX shares. Royal Bank of Canada upped their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Evercore ISI raised their target price on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Finally, Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.17.

Institutional Investors Weigh In On CarMax

Large investors have recently made changes to their positions in the business. Copperleaf Capital LLC boosted its position in shares of CarMax by 33.4% in the fourth quarter. Copperleaf Capital LLC now owns 15,603 shares of the company’s stock worth $1,276,000 after buying an additional 3,908 shares during the period. Allworth Financial LP boosted its holdings in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the period. Principal Securities Inc. grew its position in CarMax by 2.3% in the fourth quarter. Principal Securities Inc. now owns 74,360 shares of the company’s stock valued at $6,080,000 after acquiring an additional 1,660 shares in the last quarter. Hickory Asset Management Inc. purchased a new stake in shares of CarMax during the fourth quarter valued at approximately $510,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of CarMax by 9.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,986 shares of the company’s stock valued at $653,000 after purchasing an additional 678 shares during the period.

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.