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

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Stock Performance

NYSE KMX opened at $78.96 on Friday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The firm has a 50-day moving average price of $82.07 and a two-hundred day moving average price of $79.06. The company has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71.

CarMax (NYSE:KMX) last issued 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. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in CarMax in the 2nd quarter valued at about $127,000. DekaBank Deutsche Girozentrale increased its stake in CarMax by 11.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,520 shares of the company’s stock valued at $2,517,000 after acquiring an additional 3,481 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in CarMax by 8.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,938 shares of the company’s stock valued at $509,000 after purchasing an additional 547 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares during the last quarter. Finally, Argent Trust Co lifted its stake in CarMax by 22.3% during the second quarter. Argent Trust Co now owns 31,509 shares of the company’s stock worth $2,311,000 after purchasing an additional 5,739 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KMX shares. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Evercore ISI boosted their target price on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CarMax has an average rating of “Hold” and an average price target of $85.17.

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.