CarMax Inc (KMX) Director Sells $1,756,970.00 in Stock
CarMax Inc (NYSE:KMX) Director William R. Tiefel sold 23,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
CarMax Inc (NYSE:KMX) opened at 76.81 on Friday. CarMax Inc has a 12-month low of $47.50 and a 12-month high of $77.64. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 22.06 and a beta of 1.38. The firm has a 50-day moving average of $69.62 and a 200-day moving average of $63.75.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. CarMax’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts forecast that CarMax Inc will post $3.81 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on KMX. Deutsche Bank AG lowered their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “market perform” rating and set a $63.00 price target (down from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 price target (up from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. UBS AG cut shares of CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $70.00 price target (up from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. CarMax has a consensus rating of “Buy” and an average target price of $77.93.
A number of institutional investors and hedge funds have recently modified their holdings of KMX. BlackRock Inc. increased its stake in CarMax by 3,199.4% in the 1st quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock worth $656,668,000 after purchasing an additional 10,752,554 shares in the last quarter. Nordea Investment Management AB increased its stake in CarMax by 751.0% in the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after purchasing an additional 1,895,763 shares in the last quarter. Principal Financial Group Inc. increased its stake in CarMax by 8.3% in the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after purchasing an additional 706,369 shares in the last quarter. UBS Oconnor LLC purchased a new position in CarMax in the 2nd quarter worth about $44,142,000. Finally, Balyasny Asset Management LLC increased its stake in CarMax by 543.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 638,700 shares of the company’s stock worth $40,276,000 after purchasing an additional 539,451 shares in the last quarter.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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