CarMax, Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $67.50, for a total transaction of $540,000.00. Following the completion of the sale, the director now owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
CarMax, Inc (NYSE KMX) traded up $0.42 during trading hours on Friday, reaching $72.33. 1,900,000 shares of the company were exchanged, compared to its average volume of 2,620,000. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. The firm has a market cap of $13,080.00, a price-to-earnings ratio of 19.39, a PEG ratio of 1.26 and a beta of 1.48.
CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. equities analysts anticipate that CarMax, Inc will post 3.84 EPS for the current fiscal year.
A number of research firms have issued reports on KMX. UBS Group downgraded shares of CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 5th. Oppenheimer downgraded shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research report on Thursday, October 5th. CIBC restated a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. Berenberg Bank started coverage on shares of CarMax in a research note on Wednesday, October 4th. They set a “hold” rating and a $83.00 price target on the stock. Finally, Credit Suisse Group increased their price target on shares of CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.07.
A number of large investors have recently bought and sold shares of the stock. QS Investors LLC grew its stake in CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares during the last quarter. Thrivent Financial For Lutherans grew its position in CarMax by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $441,000 after purchasing an additional 160 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in CarMax by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,878 shares of the company’s stock worth $560,000 after purchasing an additional 214 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in CarMax by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 88,144 shares of the company’s stock worth $5,558,000 after purchasing an additional 248 shares during the last quarter.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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