CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay Sells 13,009 Shares

CarMax, Inc. (NYSE:KMX - Get Free Report) VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CarMax Stock Performance

Shares of CarMax stock traded down $0.69 during trading on Friday, hitting $78.96. 1,482,993 shares of the company's stock were exchanged, compared to its average volume of 1,717,736. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. 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 $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The business has a 50-day simple moving average of $82.01 and a 200-day simple moving average of $79.00.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, research analysts forecast that CarMax, Inc. will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMX. Needham & Company LLC increased their price target on CarMax from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Oppenheimer reiterated an "outperform" rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Finally, Wedbush reissued an "outperform" rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CarMax has a consensus rating of "Hold" and an average price target of $85.17.

Institutional Investors Weigh In On CarMax

A number of hedge funds and other institutional investors have recently made changes to their positions in KMX. State Street Corp boosted its holdings in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock worth $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after acquiring an additional 28,466 shares during the period. Geode Capital Management LLC boosted its stake in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after acquiring an additional 14,903 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock valued at $147,230,000 after acquiring an additional 51,397 shares during the period. Finally, Vulcan Value Partners LLC increased its stake in shares of CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company's stock valued at $133,773,000 after purchasing an additional 1,369,986 shares in 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.

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