CarMax, Inc. (NYSE:KMX – Get Free Report) CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
CarMax Price Performance
CarMax stock traded down $1.12 during trading hours on Wednesday, hitting $82.90. 1,445,561 shares of the company traded hands, compared to its average volume of 2,027,738. The firm has a market cap of $12.94 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.64 and a beta of 1.69. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm’s 50-day simple moving average is $72.33 and its two-hundred day simple moving average is $74.02. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.
CarMax (NYSE:KMX – Get Free Report) last released its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. As a group, analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on CarMax
Hedge Funds Weigh In On CarMax
Hedge funds have recently made changes to their positions in the business. Allworth Financial LP grew its stake in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. First Community Trust NA acquired a new position in shares of CarMax in the 2nd quarter worth approximately $29,000. Creative Financial Designs Inc. ADV grew its stake in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of CarMax in the 4th quarter worth approximately $37,000. Finally, MCF Advisors LLC acquired a new position in shares of CarMax in the 4th quarter worth approximately $46,000.
About CarMax
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.
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