CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim Sells 12,845 Shares

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 12,845 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $961,811.72. This represents a 52.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Mohammad Shamim also recently made the following trade(s):

• On Monday, December 23rd, Mohammad Shamim sold 10,000 shares of CarMax stock. The stock was sold at an average price of $83.77, for a total value of $837,700.00.

CarMax Trading Down 4.2 %

Shares of CarMax stock traded down $3.47 during trading on Friday, hitting $78.46. 1,793,605 shares of the company were exchanged, compared to its average volume of 1,895,084. The firm has a market capitalization of $12.16 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The firm’s fifty day moving average price is $81.53 and its 200 day moving average price is $78.78. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of CarMax

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its stake in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC increased its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Studio Investment Management LLC raised its holdings in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares during the period. Finally, Larson Financial Group LLC lifted its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC increased their price objective on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.17.

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.