CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels Sells 10,000 Shares

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CarMax Stock Performance

Shares of NYSE:KMX opened at $83.77 on Monday. The firm’s 50 day simple moving average is $80.03 and its 200 day simple moving average is $78.20. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.74 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current year.

Wall Street Analyst Weigh In

KMX has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, Truist Financial lifted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.17.

Institutional Trading of CarMax

Several hedge funds have recently added to or reduced their stakes in KMX. Oddo BHF Asset Management Sas acquired a new position in CarMax in the third quarter valued at about $2,229,000. Franklin Resources Inc. lifted its holdings in shares of CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after purchasing an additional 9,509 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of CarMax by 141.8% during the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after purchasing an additional 7,635 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CarMax in the 3rd quarter valued at approximately $351,000. Finally, World Investment Advisors LLC bought a new stake in CarMax during the 3rd quarter worth approximately $6,942,000.

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.