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.

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

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