CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora Sells 5,000 Shares of Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CarMax Price Performance

Shares of NYSE KMX opened at $78.96 on Friday. The company has a fifty day moving average price of $82.07 and a 200 day moving average price of $79.06. The firm has a market cap of $12.14 billion, a PE ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMX has been the subject of a number of analyst reports. Stephens initiated coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Mizuho upped their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Needham & Company LLC upped their target price on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KMX. FMR LLC lifted its position in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares in the last quarter. Vulcan Value Partners LLC increased its position in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares during the last quarter. Holocene Advisors LP raised its holdings in CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares in the last quarter. Marshall Wace LLP boosted its position in CarMax by 87.6% during the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after purchasing an additional 541,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after purchasing an additional 436,342 shares in the last quarter.

About CarMax

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.