CarMax, Inc. (NYSE:KMX - Get Free Report) EVP Diane L. Cafritz sold 15,356 shares of the company's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
CarMax Stock Down 1.5 %
KMX opened at $69.22 on Friday. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The firm has a market cap of $10.89 billion, a P/E ratio of 22.84, a PEG ratio of 1.16 and a beta of 1.61. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The business's fifty day simple moving average is $78.03 and its 200 day simple moving average is $72.09.
CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm's revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that CarMax, Inc. will post 3.3 EPS for the current fiscal year.
Hedge Funds Weigh In On CarMax
Elon to Transform U.S. Economy?
From Porter & Company | Ad
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites.
And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
One company holds a near-total monopoly on it.
Several large investors have recently added to or reduced their stakes in KMX. Norges Bank purchased a new position in CarMax during the fourth quarter worth about $288,278,000. Morningstar Investment Services LLC lifted its position in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company's stock worth $211,516,000 after buying an additional 1,326,840 shares during the period. American Century Companies Inc. lifted its position in CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company's stock worth $57,059,000 after buying an additional 702,526 shares during the period. Los Angeles Capital Management LLC lifted its position in CarMax by 2,311.1% during the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company's stock worth $42,697,000 after buying an additional 578,622 shares during the period. Finally, Verition Fund Management LLC lifted its position in CarMax by 5,711.9% during the fourth quarter. Verition Fund Management LLC now owns 427,176 shares of the company's stock worth $32,781,000 after buying an additional 419,826 shares during the period.
Analyst Ratings Changes
A number of brokerages recently weighed in on KMX. Truist Financial dropped their price objective on CarMax from $75.00 to $72.00 and set a "hold" rating on the stock in a report on Friday, April 12th. Robert W. Baird lowered their target price on CarMax from $88.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, April 12th. Evercore ISI lowered their target price on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a report on Friday, April 12th. Oppenheimer reissued an "outperform" rating and issued a $105.00 target price on shares of CarMax in a report on Tuesday, April 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, CarMax currently has an average rating of "Hold" and an average price target of $77.42.
Read Our Latest Analysis on KMX
About CarMax
(
Get Free Report)
CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
