CarMax, Inc. (NYSE:KMX) SVP Tyler Tuite Sells 4,869 Shares of Stock

CarMax, Inc. (NYSE:KMX) SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarMax Stock Performance

KMX opened at $87.60 on Friday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The stock has a market cap of $13.47 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.66 and a beta of 1.71. The stock’s 50 day simple moving average is $83.02 and its 200 day simple moving average is $79.55. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, equities analysts anticipate that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Hedge Funds Weigh In On CarMax

Several hedge funds have recently added to or reduced their stakes in the business. Lakewood Asset Management LLC lifted its holdings in shares of CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after buying an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in CarMax by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after buying an additional 142 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its position in CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after buying an additional 164 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMX. Needham & Company LLC upped their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Evercore ISI lifted their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Finally, Truist Financial lifted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.17.

CarMax Company Profile

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.