CarMax, Inc. (NYSE:KMX) VP Sells $1,053,729.00 in Stock

CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CarMax Stock Down 0.9 %

KMX stock opened at $78.96 on Monday. The stock has a market cap of $12.14 billion, a P/E ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company’s 50 day moving average is $82.07 and its two-hundred day moving average is $79.14.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KMX shares. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Needham & Company LLC increased their price target on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Finally, Evercore ISI upped their target price on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.17.

Institutional Investors Weigh In On CarMax

Several large investors have recently modified their holdings of KMX. Acadian Asset Management LLC purchased a new stake in shares of CarMax in the second quarter valued at about $127,000. DekaBank Deutsche Girozentrale grew its holdings in CarMax by 11.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,520 shares of the company’s stock worth $2,517,000 after acquiring an additional 3,481 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of CarMax by 8.6% in the 2nd 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 shares of CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after purchasing an additional 51,397 shares during the period. Finally, Argent Trust Co boosted its stake in shares of CarMax by 22.3% during the 2nd quarter. Argent Trust Co now owns 31,509 shares of the company’s stock worth $2,311,000 after acquiring an additional 5,739 shares in the last quarter.

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.