CarMax Inc (KMX) Director Sells $608,240.00 in Stock

CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $76.03, for a total transaction of $608,240.00. Following the completion of the transaction, the director now owns 479,572 shares of the company’s stock, valued at $36,461,859.16. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of CarMax Inc (NYSE KMX) traded up 1.03% on Monday, hitting $76.59. The stock had a trading volume of 1,593,218 shares. The company’s 50 day moving average price is $66.11 and its 200-day moving average price is $62.70. The company has a market cap of $14.03 billion, a P/E ratio of 22.00 and a beta of 1.38. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $76.59.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. On average, analysts expect that CarMax Inc will post $3.81 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. Korea Investment CORP grew its stake in CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in CarMax in the second quarter valued at about $112,000. Seven Eight Capital LP purchased a new stake in CarMax in the second quarter valued at about $133,000. QS Investors LLC raised its stake in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 shares during the last quarter.

Several equities research analysts recently commented on the stock. Oppenheimer Holdings, Inc. set a $72.00 price objective on shares of CarMax and gave the stock a “buy” rating in a research note on Monday, June 19th. Royal Bank Of Canada raised shares of CarMax from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $63.00 to $69.00 in a research note on Thursday, June 22nd. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $70.00 target price (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $77.57.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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