Insider Selling: CarMax, Inc. (NYSE:KMX) EVP Sells 10,000 Shares of Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) EVP Mohammad Shamim sold 10,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Stock Up 0.3 %

Shares of KMX stock traded up $0.26 during trading hours on Thursday, reaching $85.17. 1,160,343 shares of the stock were exchanged, compared to its average volume of 1,937,935. The business's fifty day moving average is $79.85 and its two-hundred day moving average is $78.03. The firm 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, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion for 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 company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, research analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Finally, Oppenheimer reissued an "outperform" rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CarMax currently has a consensus rating of "Hold" and a consensus target price of $85.17.

Institutional Trading of CarMax

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of CarMax by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 972,307 shares of the company's stock valued at $71,309,000 after acquiring an additional 5,012 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in CarMax during the second quarter worth approximately $208,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of CarMax by 53.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company's stock worth $2,998,000 after buying an additional 14,230 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of CarMax by 27.5% in the 2nd quarter. HB Wealth Management LLC now owns 5,651 shares of the company's stock valued at $414,000 after buying an additional 1,218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CarMax by 29.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,383 shares of the company's stock valued at $2,155,000 after buying an additional 6,658 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.