CarMax, Inc. (NYSE:KMX) Short Interest Update

CarMax, Inc. (NYSE:KMX - Get Free Report) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 12,060,000 shares, a decline of 7.0% from the January 15th total of 12,970,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 6.4 days. Currently, 7.9% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMX shares. Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Finally, Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.50.

CarMax Trading Down 3.5 %

NYSE KMX traded down $2.98 during trading on Friday, hitting $82.62. The stock had a trading volume of 1,614,402 shares, compared to its average volume of 1,585,159. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.71 and a beta of 1.72. CarMax has a one year low of $65.83 and a one year high of $91.25. The stock has a 50 day simple moving average of $83.46 and a 200 day simple moving average of $80.02.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.81 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 1.77% and a return on equity of 7.49%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Sell-side analysts predict that CarMax will post 3.23 earnings per share for the current year.

Insider Transactions at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CarMax

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of CarMax by 348.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock worth $539,213,000 after buying an additional 5,122,850 shares during the period. State Street Corp lifted its position in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after purchasing an additional 36,959 shares during the period. Norges Bank acquired a new position in CarMax during the fourth quarter valued at $423,187,000. Finally, Janus Henderson Group PLC lifted its position in CarMax by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock valued at $381,978,000 after purchasing an additional 29,715 shares during the period.

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.