CarMax, Inc. (NYSE:KMX) CEO Sells $10,031,502.12 in Stock

CarMax, Inc. (NYSE:KMX) CEO William D. Nash sold 120,513 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CarMax Price Performance

Shares of CarMax stock traded up $0.26 during trading hours on Thursday, reaching $85.17. The company’s stock had a trading volume of 1,116,401 shares, compared to its average volume of 1,936,209. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The firm has a 50 day moving average price of $79.65 and a 200-day moving average price of $77.98. The stock has a market cap of $13.19 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, analysts predict that CarMax, Inc. will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares during the last quarter. Janus Henderson Group PLC lifted its stake in 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 purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares during the last quarter. First Pacific Advisors LP raised its holdings in shares of CarMax by 2.0% in the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after buying an additional 47,184 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $147,230,000 after acquiring an additional 51,397 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMX shares. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Needham & Company LLC lifted their price target on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, December 20th. Mizuho increased their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.17.

CarMax Company Profile

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.