CarMax, Inc. (NYSE:KMX) COO Sells $801,880.42 in Stock

CarMax, Inc. (NYSE:KMX) COO Charles Joseph Wilson sold 10,021 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CarMax Stock Performance

Shares of NYSE KMX opened at $83.02 on Friday. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm’s 50-day moving average price is $73.66 and its two-hundred day moving average price is $74.43. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The stock has a market capitalization of $12.96 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 1.69.

CarMax (NYSE:KMX) last issued its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMX. Argus upgraded CarMax to a “hold” rating in a research note on Tuesday, June 25th. Needham & Company LLC decreased their price target on CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Evercore ISI lifted their price target on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Monday, June 24th. Finally, Truist Financial lifted their price target on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.25.

Institutional Investors Weigh In On CarMax

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the last quarter. First Community Trust NA bought a new stake in shares of CarMax during the second quarter valued at approximately $29,000. Mendota Financial Group LLC bought a new stake in shares of CarMax during the fourth quarter valued at approximately $37,000. Blue Trust Inc. raised its holdings in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of CarMax during the fourth quarter valued at approximately $46,000.

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.