CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora Sells 9,318 Shares

CarMax, Inc. (NYSE:KMX) 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) 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

A number of research analysts have commented on the stock. Needham & Company LLC reduced their price objective on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Truist Financial increased their target price on shares of CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, June 24th. Evercore ISI increased their target price on shares of CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday. StockNews.com raised shares of CarMax to a “sell” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley reissued an “overweight” rating and set a $80.00 target price on shares of CarMax in a report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.25.

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.