CarMax Inc (NYSE:KMX) EVP Eric M. Margolin sold 4,453 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total value of $335,310.90. Following the transaction, the executive vice president now directly owns 22,051 shares in the company, valued at $1,660,440.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share.

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A number of equities analysts have recently issued reports on KMX shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research report on Friday, August 25th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Friday, September 8th. BidaskClub raised CarMax from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Wedbush set a $73.00 target price on CarMax and gave the company a “buy” rating in a research report on Tuesday, July 11th. Finally, Citigroup Inc. upped their target price on CarMax to $84.00 and gave the company a “buy” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.93.

A number of hedge funds and other institutional investors have recently bought and sold shares of KMX. Teachers Advisors LLC increased its stake in CarMax by 4.1% in the first quarter. Teachers Advisors LLC now owns 265,924 shares of the company’s stock valued at $15,748,000 after purchasing an additional 10,416 shares during the period. Thrivent Financial For Lutherans increased its stake in CarMax by 3.2% in the first quarter. Thrivent Financial For Lutherans now owns 6,840 shares of the company’s stock valued at $405,000 after purchasing an additional 210 shares during the period. Morgan Stanley increased its stake in CarMax by 156.4% in the first quarter. Morgan Stanley now owns 456,262 shares of the company’s stock valued at $27,019,000 after purchasing an additional 278,328 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in CarMax in the first quarter valued at $567,000. Finally, VNBTrust National Association increased its stake in CarMax by 19.8% in the second quarter. VNBTrust National Association now owns 106,333 shares of the company’s stock valued at $6,706,000 after purchasing an additional 17,600 shares during the period.

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.

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

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