CarMax, Inc. (NYSE:KMX) EVP Diane L. Cafritz Sells 15,356 Shares

CarMax, Inc. (NYSE:KMX) EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CarMax Price Performance

CarMax stock opened at $69.22 on Friday. The company’s fifty day moving average price is $78.03 and its 200 day moving average price is $72.09. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The stock has a market capitalization of $10.89 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.16 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the business posted $0.44 EPS. CarMax’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Needham & Company LLC cut their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, April 15th. Finally, Mizuho dropped their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProVise Management Group LLC lifted its holdings in CarMax by 31.5% in the 3rd quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock valued at $4,152,000 after purchasing an additional 14,052 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in CarMax by 61.6% in the 3rd quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock valued at $3,535,000 after purchasing an additional 19,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in CarMax by 8.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company’s stock valued at $18,076,000 after purchasing an additional 18,914 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in CarMax by 6.9% in the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock valued at $66,080,000 after purchasing an additional 60,604 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CarMax by 3.1% in the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after purchasing an additional 88,488 shares in the last quarter.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.