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.
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.
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