Insider Selling: CarMax, Inc. (NYSE:KMX) SVP Sells 30,245 Shares of Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) SVP Jon G. Daniels sold 30,245 shares of CarMax stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $84.34, for a total value of $2,550,863.30. Following the transaction, the senior vice president now owns 995 shares in the company, valued at $83,918.30. This trade represents a 96.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Stock Performance

NYSE KMX traded up $0.26 during trading on Thursday, reaching $85.17. 1,160,343 shares of the company's stock were exchanged, compared to its average volume of 1,937,935. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock has a market capitalization of $13.19 billion, a P/E ratio of 32.02, a PEG ratio of 1.74 and a beta of 1.71. The business has a 50 day moving average price of $79.85 and a 200-day moving average price of $78.03. 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 posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BNP Paribas raised shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and set a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Finally, Needham & Company LLC raised their target price on shares of CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $85.17.

Institutional Trading of CarMax

A number of hedge funds have recently modified their holdings of the stock. Quarry LP raised its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock valued at $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the third quarter worth approximately $32,000. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after purchasing an additional 436 shares during the period. Studio Investment Management LLC boosted its stake in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after purchasing an additional 334 shares during the period. Finally, Larson Financial Group LLC boosted its stake in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after purchasing an additional 353 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.