Insider Selling: CarMax, Inc. (NYSE:KMX) SVP Sells 4,869 Shares of Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CarMax Stock Down 1.7 %

Shares of KMX traded down $1.46 during trading on Monday, reaching $84.18. The company's stock had a trading volume of 1,565,495 shares, compared to its average volume of 1,648,981. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.66 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a fifty day moving average of $83.08 and a two-hundred day moving average of $79.54. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm earned $0.52 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Friday, December 20th. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $85.42.

Hedge Funds Weigh In On CarMax

Large investors have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after acquiring an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC grew its position in CarMax by 4,844.4% in the 3rd 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 last quarter. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares during the last quarter.

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.