Enrique N. Mayor-Mora Sells 5,000 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CarMax Stock Performance

Shares of KMX opened at $78.96 on Friday. The stock has a market capitalization of $12.14 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The business’s fifty day moving average price is $82.07 and its 200 day moving average price is $79.10. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

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

Analyst Ratings Changes

Several research firms have recently issued reports on KMX. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Evercore ISI raised their price objective on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.17.

Hedge Funds Weigh In On CarMax

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new position in CarMax during the 3rd quarter worth $32,000. True Wealth Design LLC increased its position in 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 buying an additional 436 shares during the period. Larson Financial Group LLC lifted its stake 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 buying an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter valued at $58,000.

About CarMax

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.