CarMax Inc (KMX) Director Sells $600,720.00 in Stock

CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CarMax Inc (KMX) opened at 74.36 on Friday. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $77.64. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 20.48 and a beta of 1.38. The firm’s 50 day moving average price is $73.18 and its 200 day moving average price is $65.35.

CarMax (NYSE:KMX) last posted its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that CarMax Inc will post $3.81 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on KMX. Citigroup Inc. raised their target price on CarMax to $84.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Deutsche Bank AG lowered their target price on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) lowered CarMax from a “buy” rating to a “neutral” rating and raised their target price for the company from $74.00 to $79.00 in a research note on Monday, September 25th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research note on Wednesday, August 16th. Finally, Wedbush restated an “outperform” rating and issued a $81.00 target price (up from $77.00) on shares of CarMax in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. CarMax presently has a consensus rating of “Buy” and an average target price of $77.93.

Hedge funds have recently bought and sold shares of the company. Korea Investment CORP increased its position in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after acquiring an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of CarMax during the second quarter valued at approximately $112,000. Seven Eight Capital LP purchased a new stake in shares of CarMax during the second quarter valued at approximately $133,000. QS Investors LLC increased its position in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of CarMax by 7.3% during the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after acquiring an additional 169 shares during the last quarter.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

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

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