CarMax, Inc. (NYSE:KMX - Get Free Report) CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
CarMax Stock Up 0.3 %
NYSE:KMX traded up $0.26 during trading hours on Thursday, reaching $85.17. 1,160,343 shares of the company traded hands, compared to its average volume of 1,937,935. 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 business's 50-day moving average price is $79.85 and its two-hundred day moving average price is $78.03. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market capitalization of $13.19 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.74 and a beta of 1.71.
CarMax (NYSE:KMX - Get Free Report) last announced its quarterly 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 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%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC lifted its position in CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after purchasing an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of CarMax by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company's stock worth $456,000 after buying an additional 142 shares during the period. Allegheny Financial Group LTD lifted 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. grew its stake 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 acquiring an additional 170 shares during the period. Finally, Signaturefd LLC increased its holdings 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 acquiring an additional 172 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on KMX shares. Oppenheimer restated an "outperform" rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price on the stock. Wedbush reiterated an "outperform" rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, BNP Paribas raised shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. Three 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 data from MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus price target of $85.17.
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About CarMax
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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.
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