CarMax, Inc. (NYSE:KMX) CEO Sells $10,031,502.12 in Stock

CarMax, Inc. (NYSE:KMX) CEO William D. Nash sold 120,513 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Price Performance

NYSE KMX opened at $83.77 on Friday. The company has a market cap of $12.98 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The firm’s 50-day simple moving average is $80.03 and its two-hundred day simple moving average is $78.20. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Mizuho increased their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.17.

Institutional Trading of CarMax

A number of institutional investors have recently added to or reduced their stakes in KMX. Quarry LP lifted its holdings in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter valued at $32,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Studio Investment Management LLC increased its holdings in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period. Finally, Larson Financial Group LLC boosted its stake in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares during the period.

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.