CarMax Inc (KMX) Director Sells $869,587.68 in Stock

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.

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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.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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