CarMax (KMX) Director Sells $3,074,434.74 in Stock

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.

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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.

Large investors have recently bought and sold shares of the business. Leith Wheeler Investment Counsel Ltd. increased its holdings in CarMax by 10.5% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,909 shares of the company’s stock valued at $2,175,000 after acquiring an additional 3,210 shares in the last quarter. Mar Vista Investment Partners LLC purchased a new position in CarMax during the 4th quarter valued at about $38,803,000. LFL Advisers LLC increased its holdings in CarMax by 27.3% during the 4th quarter. LFL Advisers LLC now owns 210,000 shares of the company’s stock valued at $13,467,000 after acquiring an additional 45,000 shares in the last quarter. California Public Employees Retirement System increased its holdings in CarMax by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock valued at $33,008,000 after acquiring an additional 8,205 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new position in CarMax during the 4th quarter valued at about $327,000.

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.

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

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