CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels Sells 30,245 Shares

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 30,245 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $83,918.30. This trade represents a 96.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CarMax Trading Up 0.3 %

NYSE KMX traded up $0.26 on Thursday, reaching $85.17. 1,116,401 shares of the company were exchanged, compared to its average volume of 1,936,209. The business’s fifty day moving average price is $79.65 and its 200 day moving average price is $77.98. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $13.19 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The business 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current year.

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. Needham & Company LLC increased their target price on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.17.

Institutional Investors Weigh In On CarMax

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after buying an additional 1,369,986 shares during the last quarter. Holocene Advisors LP boosted its position in shares of CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of CarMax by 87.6% in the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after acquiring an additional 541,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares in the last quarter.

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.