CarMax Inc (NYSE:KMX) CEO William D. Nash sold 100,522 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $73.85, for a total value of $7,423,549.70. Following the completion of the transaction, the chief executive officer now directly owns 62,902 shares in the company, valued at $4,645,312.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CarMax Inc (NYSE KMX) opened at 75.81 on Friday. The company has a 50-day moving average price of $66.11 and a 200-day moving average price of $62.70. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $76.40. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 21.77 and a beta of 1.32.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion during 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%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, equities analysts anticipate that CarMax Inc will post $3.81 earnings per share for the current year.

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A number of brokerages have recently weighed in on KMX. Credit Suisse Group upped their target price on CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, September 26th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $75.00 target price (up from $66.00) on shares of CarMax in a research report on Tuesday, September 26th. Citigroup Inc. upped their target price on CarMax to $84.00 and gave the stock a “buy” rating in a research report on Monday, September 25th. Finally, Goldman Sachs Group, Inc. (The) lowered CarMax from a “buy” rating to a “neutral” rating and upped their target price for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. CarMax has an average rating of “Buy” and an average target price of $77.57.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in CarMax by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after buying an additional 380,038 shares during the last quarter. BlackRock Inc. raised its stake in CarMax by 0.5% during the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after buying an additional 53,840 shares during the last quarter. Principal Financial Group Inc. raised its stake in CarMax by 8.3% during the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after buying an additional 706,369 shares during the last quarter. Broad Run Investment Management LLC raised its stake in CarMax by 0.9% during the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock valued at $212,969,000 after buying an additional 29,846 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in CarMax by 751.0% during the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after buying an additional 1,895,763 shares during 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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