CarMax (NYSE:KMX) Director Thomas J. Folliard sold 50,583 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $60.78, for a total transaction of $3,074,434.74. Following the completion of the sale, the director now owns 379,465 shares of the company’s stock, valued at approximately $23,063,882.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE:KMX opened at $61.72 on Monday. The company has a quick ratio of 0.57, a current ratio of 2.61 and a debt-to-equity ratio of 3.84. CarMax has a twelve month low of $55.05 and a twelve month high of $77.64. The stock has a market cap of $11,031.72, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). CarMax had a net margin of 3.88% and a return on equity of 21.09%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the business posted $0.81 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. research analysts forecast that CarMax will post 4.32 EPS for the current year.
KMX has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $81.00 price target on shares of CarMax in a report on Friday, December 22nd. Oppenheimer upgraded shares of CarMax from a “market perform” rating to an “outperform” rating and increased their price target for the company from $80.00 to $88.00 in a report on Thursday, January 18th. Credit Suisse Group cut their price target on shares of CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a report on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of CarMax in a report on Tuesday, March 27th. Finally, Susquehanna Bancshares set a $68.00 price target on shares of CarMax and gave the company a “hold” rating in a report on Monday, January 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. CarMax has an average rating of “Buy” and an average price target of $78.85.
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CarMax Company Profile
CarMax Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.
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