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

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CarMax Stock Down 1.6 %

Shares of NYSE:KMX opened at $83.77 on Friday. The firm has a 50 day simple moving average of $80.03 and a 200-day simple moving average of $78.20. CarMax, Inc. has a twelve month low of $65.83 and a twelve 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 capitalization of $12.98 billion, a PE ratio of 31.49, a P/E/G ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last released 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. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts predict that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of CarMax in the third quarter valued at approximately $2,229,000. Franklin Resources Inc. raised its position in CarMax by 53.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after purchasing an additional 9,509 shares during the last quarter. Tidal Investments LLC boosted its stake in CarMax by 141.8% during the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock worth $1,007,000 after purchasing an additional 7,635 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in CarMax during the 3rd quarter worth $351,000. Finally, World Investment Advisors LLC acquired a new position in CarMax in the third quarter valued at $6,942,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMX. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. BNP Paribas upgraded CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus price target of $85.17.

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.