Mohammad Shamim Sells 13,938 Shares of CarMax Inc (KMX) Stock

CarMax Inc (NYSE:KMX) SVP Mohammad Shamim sold 13,938 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $66.08, for a total value of $921,023.04. Following the completion of the transaction, the senior vice president now directly owns 9,218 shares of the company’s stock, valued at $609,125.44. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of CarMax Inc (NYSE:KMX) opened at 64.42 on Friday. CarMax Inc has a 1-year low of $47.50 and a 1-year high of $69.11. The firm has a market cap of $11.80 billion, a P/E ratio of 18.50 and a beta of 1.34. The firm has a 50 day moving average price of $64.65 and a 200 day moving average price of $62.81.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. Analysts anticipate that CarMax Inc will post $3.70 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in KMX. Korea Investment CORP boosted its position in CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares during the period. State of Alaska Department of Revenue acquired a new stake in CarMax during the second quarter worth $112,000. First Bank & Trust raised its stake in CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in CarMax during the second quarter worth $133,000.

A number of research firms recently commented on KMX. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada upgraded CarMax from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $63.00 to $69.00 in a research report on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $70.00 price target (up from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.00.

About CarMax

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.

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