Insider Selling: CarMax Inc (KMX) Director Sells $566,000.00 in Stock

CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $70.75, for a total value of $566,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CarMax Inc (NYSE:KMX) opened at $69.45 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. The stock has a market capitalization of $12,662.82, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. CarMax Inc has a 12-month low of $54.29 and a 12-month high of $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. equities research analysts expect that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC increased its holdings in shares of CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after acquiring an additional 29 shares during the last quarter. Osborne Partners Capital Management LLC increased its holdings in shares of CarMax by 0.5% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after acquiring an additional 90 shares during the last quarter. Kelman Lazarov Inc. increased its holdings in shares of CarMax by 0.8% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock valued at $839,000 after acquiring an additional 100 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of CarMax by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after acquiring an additional 160 shares during the last quarter.

Several analysts recently commented on KMX shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a research report on Friday, September 1st. Zacks Investment Research upgraded CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a report on Wednesday, August 16th. CIBC restated a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Deutsche Bank AG restated a “buy” rating and issued a $84.00 target price on shares of CarMax in a report on Monday, September 25th. Finally, Royal Bank Of Canada upped their target price on CarMax from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. CarMax currently has a consensus rating of “Hold” and a consensus target price of $77.40.

About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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