Tyler Tuite Sells 4,869 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMXGet Free Report) SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CarMax Price Performance

Shares of KMX traded up $1.90 during trading hours on Thursday, hitting $87.60. The stock had a trading volume of 1,533,562 shares, compared to its average volume of 1,664,224. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.49 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company’s fifty day moving average is $82.88 and its two-hundred day moving average is $79.50. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMXGet Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts anticipate that CarMax, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Evercore ISI increased their target price on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Needham & Company LLC lifted their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.17.

View Our Latest Analysis on KMX

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its stake in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC raised its position in CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after purchasing an additional 14,903 shares during the last quarter. FMR LLC lifted its holdings in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CarMax by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock valued at $116,869,000 after buying an additional 11,865 shares during the last quarter.

About CarMax

(Get Free Report)

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.

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

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