Thomas J. Folliard Sells 16,000 Shares of CarMax Inc (KMX) Stock
CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $68.39, for a total value of $1,094,240.00. Following the completion of the transaction, the director now owns 495,572 shares in the company, valued at approximately $33,892,169.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of CarMax Inc (NYSE:KMX) opened at 68.46 on Wednesday. CarMax Inc has a one year low of $47.50 and a one year high of $69.92. The company has a market cap of $12.55 billion, a PE ratio of 19.66 and a beta of 1.32. The firm’s 50-day moving average is $66.11 and its 200-day moving average is $62.70.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. On average, equities analysts anticipate that CarMax Inc will post $3.72 EPS for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Korea Investment CORP lifted its stake in shares of 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 shares of CarMax during the 2nd quarter valued at $112,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of CarMax by 2.4% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after buying an additional 49 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of CarMax during the 2nd quarter valued at $133,000. Finally, QS Investors LLC lifted its stake in shares of 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.
A number of equities analysts have recently weighed in on KMX shares. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research note on Friday, September 1st. Zacks Investment Research upgraded CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, August 16th. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $73.00 price objective (up previously from $71.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CarMax in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $72.25.
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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