CarMax, Inc (KMX) SVP Jon G. Daniels Sells 16,325 Shares of Stock

CarMax, Inc (NYSE:KMX) SVP Jon G. Daniels sold 16,325 shares of the company’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $70.88, for a total value of $1,157,116.00. Following the sale, the senior vice president now owns 16,325 shares of the company’s stock, valued at $1,157,116. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

KMX stock opened at $68.16 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78. CarMax, Inc has a 1 year low of $57.05 and a 1 year high of $81.67. The stock has a market capitalization of $12.23 billion, a PE ratio of 18.42, a P/E/G ratio of 1.14 and a beta of 1.59.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that CarMax, Inc will post 4.65 earnings per share for the current year.



Several hedge funds have recently bought and sold shares of KMX. CWM LLC grew its stake in shares of CarMax by 266.0% in the third quarter. CWM LLC now owns 1,442 shares of the company’s stock valued at $108,000 after buying an additional 1,048 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of CarMax in the third quarter valued at about $123,000. Piedmont Investment Advisors LLC acquired a new stake in shares of CarMax in the second quarter valued at about $149,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of CarMax by 57.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after buying an additional 750 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in shares of CarMax in the second quarter valued at about $189,000.

Several brokerages have commented on KMX. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, July 10th. Wolfe Research began coverage on CarMax in a research note on Tuesday, October 2nd. They set a “peer perform” rating for the company. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Robert W. Baird upgraded CarMax from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 27th. Finally, Morgan Stanley upgraded CarMax from an “underweight” rating to an “overweight” rating in a research note on Tuesday, July 10th. Six 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 a consensus rating of “Buy” and an average price target of $83.93.

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, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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

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