CarMax, Inc. (NYSE:KMX) CFO Sells $407,150.00 in Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CarMax Price Performance

Shares of NYSE:KMX opened at $78.96 on Monday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The firm has a 50 day simple moving average of $82.07 and a 200 day simple moving average of $79.14.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the business posted $0.52 EPS. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts predict that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMX has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Evercore ISI boosted their price target on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KMX. Quarry LP boosted its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax during the third quarter worth $32,000. True Wealth Design LLC grew its stake in shares of 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 purchasing an additional 436 shares during the last quarter. Larson Financial Group LLC increased its holdings in CarMax by 91.9% in 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. Finally, ST Germain D J Co. Inc. bought a new position in CarMax during the 4th quarter worth $58,000.

CarMax Company Profile

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.