CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels Sells 10,000 Shares

CarMax, Inc. (NYSE:KMX - Get Free Report) SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CarMax Stock Down 1.6 %

Shares of CarMax stock traded down $1.40 during trading hours on Friday, hitting $83.77. 1,319,861 shares of the company's stock traded hands, compared to its average volume of 1,935,463. The stock has a 50 day simple moving average of $80.03 and a 200-day simple moving average of $78.14. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The company has a market cap of $12.98 billion, a PE ratio of 31.49, a PEG ratio of 1.74 and a beta of 1.71. 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 announced its 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 return on equity of 6.83% and a net margin of 1.61%. The company's revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarMax

Large investors have recently modified their holdings of the stock. Quarry LP lifted 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 purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the third quarter worth about $32,000. True Wealth Design LLC lifted its position 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 last quarter. Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company's stock worth $38,000 after purchasing an additional 334 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after purchasing an additional 353 shares during the last quarter.

Analyst Ratings Changes

KMX has been the topic of several research reports. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Needham & Company LLC increased their price target on CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a report on Friday, December 20th. BNP Paribas upgraded CarMax to a "strong sell" rating in a report on Friday, September 27th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Finally, Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CarMax currently has an average rating of "Hold" and an average target price of $85.17.

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.