Thomas J. Folliard Sells 8,000 Shares of CarMax, Inc (KMX) Stock

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.

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About CarMax

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.

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

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