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.

About CarMax

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.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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