CarMax, Inc. (NYSE:KMX) EVP James Lyski Sells 57,986 Shares

CarMax, Inc. (NYSE:KMX) EVP James Lyski sold 57,986 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the transaction, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at $1,855,024.05. This represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarMax Stock Down 1.4 %

KMX stock opened at $80.07 on Monday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $12.40 billion, a PE ratio of 30.10, a PEG ratio of 1.74 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock has a 50-day simple moving average of $80.97 and a two-hundred day simple moving average of $78.63.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, equities analysts predict that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Needham & Company LLC raised their price objective on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Finally, BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KMX. Quarry LP boosted its stake in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in CarMax in the third quarter worth approximately $32,000. True Wealth Design LLC boosted its stake in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares in the last quarter. Studio Investment Management LLC boosted its stake in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 353 shares during the period.

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.