CarMax Inc (KMX) SVP Mohammad Shamim Sells 1,300 Shares
CarMax Inc (NYSE:KMX) SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $76.10, for a total value of $98,930.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Mohammad Shamim also recently made the following trade(s):
- On Friday, July 28th, Mohammad Shamim sold 13,938 shares of CarMax stock. The stock was sold at an average price of $66.08, for a total value of $921,023.04.
Shares of CarMax Inc (NYSE KMX) traded up 0.58% during mid-day trading on Friday, hitting $76.81. The stock had a trading volume of 1,298,360 shares. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $77.64. The company has a market cap of $14.08 billion, a PE ratio of 22.06 and a beta of 1.38. The stock’s 50-day moving average is $69.26 and its 200 day moving average is $63.64.
CarMax (NYSE:KMX) last released its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business posted $0.88 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that CarMax Inc will post $3.81 earnings per share for the current fiscal year.
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KMX has been the subject of several recent research reports. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. lowered CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a report on Thursday. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, July 11th. CIBC lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $70.00 price objective (up previously from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.93.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Korea Investment CORP grew its holdings in CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in CarMax during the 2nd quarter valued at approximately $112,000. Seven Eight Capital LP purchased a new position in CarMax during the 2nd quarter valued at approximately $133,000. QS Investors LLC grew its holdings in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in CarMax by 7.3% during the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 shares in the last quarter.
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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