CarMax, Inc. (NYSE:KMX) CFO Sells $407,150.00 in Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CarMax Trading Down 0.9 %

Shares of NYSE KMX traded down $0.69 during trading hours on Friday, hitting $78.96. 1,482,993 shares of the company traded hands, compared to its average volume of 1,717,736. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The company’s 50 day moving average price is $82.01 and its 200 day moving average price is $79.00.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMX. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Three investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.17.

Institutional Trading of CarMax

A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in 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 buying an additional 36,959 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC increased 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 period. Dimensional Fund Advisors LP raised its holdings in shares of CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its holdings in CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after acquiring an additional 1,369,986 shares in the last quarter.

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.