CarMax, Inc (KMX) SVP Darren C. Newberry Sells 6,584 Shares

CarMax, Inc (NYSE:KMX) SVP Darren C. Newberry sold 6,584 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CarMax, Inc (KMX) traded up $0.70 during trading hours on Thursday, reaching $70.54. The company had a trading volume of 1,159,203 shares, compared to its average volume of 2,591,392. The firm has a market capitalization of $12,760.00, a P/E ratio of 18.91, a P/E/G ratio of 1.25 and a beta of 1.48. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. sell-side analysts predict that CarMax, Inc will post 3.84 EPS for the current fiscal year.

Several analysts have issued reports on KMX shares. Credit Suisse Group upgraded CarMax to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, December 25th. Deutsche Bank dropped their price objective on CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a research note on Sunday, November 26th. CIBC restated a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. Wedbush reiterated an “outperform” rating and set a $81.00 target price on shares of CarMax in a research note on Friday, December 22nd. Finally, Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $78.33.

Large investors have recently modified their holdings of the stock. Prudential Financial Inc. grew its position in CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares in the last quarter. Magnetar Financial LLC acquired a new stake in CarMax during the third quarter worth approximately $1,445,000. Toronto Dominion Bank grew its position in CarMax by 24.2% during the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after buying an additional 12,234 shares in the last quarter. California Public Employees Retirement System grew its position in CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after buying an additional 8,205 shares in the last quarter. Finally, Aperio Group LLC grew its position in CarMax by 6.4% during the third quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after buying an additional 4,767 shares in the last quarter.

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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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