CarMax Inc (NYSE:KMX) Director Edgar H. Grubb sold 11,388 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $76.36, for a total transaction of $869,587.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of CarMax Inc (NYSE:KMX) opened at 76.81 on Monday. The company has a 50-day moving average of $69.62 and a 200 day moving average of $63.75. The firm has a market cap of $14.08 billion, a P/E ratio of 22.06 and a beta of 1.38. CarMax Inc has a 12-month low of $47.50 and a 12-month high of $77.64.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. CarMax’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that CarMax Inc will post $3.81 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Korea Investment CORP increased its position in CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in CarMax during the second quarter worth approximately $112,000. Seven Eight Capital LP acquired a new position in CarMax during the second quarter worth approximately $133,000. YorkBridge Wealth Partners LLC increased its position in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares during the last quarter. Finally, QS Investors LLC increased its position in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares during the last quarter.
A number of analysts have recently issued reports on the stock. Citigroup Inc. raised their price target on shares of CarMax to $84.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Deutsche Bank AG cut their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) downgraded shares of CarMax from a “buy” rating to a “neutral” rating and raised their price target for the stock from $74.00 to $79.00 in a report on Monday, September 25th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a report on Wednesday, August 16th. Finally, UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax currently has a consensus rating of “Buy” and an average target price of $77.93.
CarMax Company Profile
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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