CarMax, Inc (KMX) Director Sells $512,320.00 in Stock
CarMax, Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total value of $512,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CarMax, Inc (NYSE:KMX) opened at $71.04 on Friday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70. CarMax, Inc has a 12-month low of $54.29 and a 12-month high of $77.64. The firm has a market capitalization of $12,950.00, a PE ratio of 19.05, a PEG ratio of 1.12 and a beta of 1.48.
CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business posted $0.72 EPS. CarMax’s revenue was up 11.0% on a year-over-year basis. research analysts forecast that CarMax, Inc will post 3.86 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Citigroup increased their price target on CarMax to $84.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Goldman Sachs Group lowered CarMax from a “buy” rating to a “neutral” rating and increased their price target for the company from $74.00 to $79.00 in a research report on Monday, September 25th. Susquehanna Bancshares set a $68.00 price target on CarMax and gave the company a “hold” rating in a research report on Tuesday, December 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $81.00 price target (up previously from $77.00) on shares of CarMax in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. CarMax has an average rating of “Hold” and an average price target of $77.07.
Several hedge funds and other institutional investors have recently modified their holdings of KMX. Seven Eight Capital LP purchased a new position in CarMax during the 2nd quarter worth approximately $133,000. Tredje AP fonden purchased a new position in CarMax during the 3rd quarter worth approximately $144,000. QS Investors LLC grew its stake in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after buying an additional 22 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in CarMax by 1.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after buying an additional 29 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in CarMax during the 2nd quarter worth approximately $201,000.
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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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