CarMax, Inc (NYSE:KMX) COO Sells $419,252.08 in Stock

CarMax, Inc (NYSE:KMX) COO Edwin J. Hill sold 4,792 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $87.49, for a total transaction of $419,252.08. Following the completion of the transaction, the chief operating officer now directly owns 3,778 shares of the company’s stock, valued at approximately $330,537.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of KMX opened at $88.94 on Friday. The company has a 50-day moving average price of $83.14. CarMax, Inc has a one year low of $55.24 and a one year high of $89.37. The company has a market cap of $14.73 billion, a P/E ratio of 18.57, a PEG ratio of 1.34 and a beta of 1.21. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10. CarMax had a net margin of 4.64% and a return on equity of 25.37%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter last year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts expect that CarMax, Inc will post 5.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in KMX. NN Investment Partners Holdings N.V. lifted its stake in shares of CarMax by 14.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 27,158 shares of the company’s stock worth $2,358,000 after buying an additional 3,420 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of CarMax by 6.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 38,139 shares of the company’s stock worth $3,312,000 after buying an additional 2,251 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CarMax during the 2nd quarter worth about $350,000. Norman Fields Gottscho Capital Management LLC raised its stake in CarMax by 4.9% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 30,557 shares of the company’s stock worth $2,653,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in CarMax by 181.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 759 shares of the company’s stock worth $65,000 after purchasing an additional 489 shares in the last quarter.

A number of research firms recently weighed in on KMX. Guggenheim decreased their target price on shares of Kroger from $31.00 to $26.00 in a research report on Monday, June 24th. Stephens began coverage on shares of Twilio in a research report on Monday, April 1st. They issued a “hold” rating and a $110.00 target price for the company. Argus began coverage on shares of CarMax in a research report on Friday, June 28th. They issued a “buy” rating and a $100.00 target price for the company. Buckingham Research downgraded shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $93.00 to $81.00 in a research report on Monday, June 24th. Finally, Robert W. Baird raised their target price on shares of CarMax from $80.00 to $99.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. CarMax presently has an average rating of “Buy” and a consensus target price of $93.81.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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

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