CarMax, Inc (NYSE:KMX) SVP Mohammad Shamim sold 8,556 shares of the company’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $75.44, for a total value of $645,464.64. Following the completion of the transaction, the senior vice president now directly owns 7,155 shares in the company, valued at $539,773.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE:KMX opened at $72.87 on Friday. CarMax, Inc has a one year low of $57.05 and a one year high of $81.67. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.54 and a current ratio of 2.30. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.56.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 22nd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. CarMax had a net margin of 3.98% and a return on equity of 21.54%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. sell-side analysts anticipate that CarMax, Inc will post 4.5 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of KMX. Archford Capital Strategies LLC purchased a new stake in shares of CarMax during the 1st quarter worth about $100,000. Captrust Financial Advisors purchased a new stake in shares of CarMax during the 4th quarter worth about $134,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of CarMax during the 4th quarter worth about $156,000. Virtue Capital Management LLC purchased a new stake in shares of CarMax during the 4th quarter worth about $169,000. Finally, Fortis Advisors LLC boosted its stake in shares of CarMax by 50.0% during the 1st quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares in the last quarter.
Several research firms recently issued reports on KMX. Gabelli began coverage on CarMax in a research report on Wednesday, June 6th. They issued a “buy” rating and a $95.00 target price on the stock. Credit Suisse Group set a $78.00 target price on CarMax and gave the company a “buy” rating in a research report on Tuesday, March 13th. Robert W. Baird upped their target price on CarMax from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, June 25th. Buckingham Research downgraded CarMax from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $84.00 in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Guggenheim downgraded CarMax from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Monday, June 25th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $82.72.
CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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