CarMax, Inc. (NYSE:KMX) VP Sells $1,053,729.00 in Stock

CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CarMax Trading Down 0.9 %

Shares of NYSE:KMX opened at $78.96 on Monday. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The business’s fifty day simple moving average is $82.07 and its 200-day simple moving average is $79.14. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $12.14 billion, a PE ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KMX shares. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Needham & Company LLC upped their target price on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, Truist Financial lifted their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.17.

Institutional Investors Weigh In On CarMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in CarMax during the third quarter worth $32,000. True Wealth Design LLC grew its position in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Larson Financial Group LLC grew its position 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. Finally, ST Germain D J Co. Inc. purchased a new position in CarMax in the fourth quarter valued at $58,000.

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.