CarMax Inc (NYSE:KMX) SVP Mohammad Shamim sold 13,938 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $66.08, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
CarMax Inc (NYSE KMX) remained flat at $63.97 during midday trading on Friday. The stock had a trading volume of 1,230,378 shares. CarMax Inc has a one year low of $47.50 and a one year high of $69.11. The firm has a 50 day moving average of $64.93 and a 200 day moving average of $62.69. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 18.37 and a beta of 1.34.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the company earned $0.90 EPS. CarMax’s revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that CarMax Inc will post $3.71 earnings per share for the current year.
Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of CarMax by 3,199.4% in the first quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock valued at $656,668,000 after buying an additional 10,752,554 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of CarMax by 751.0% in the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after buying an additional 1,895,763 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of CarMax during the first quarter valued at approximately $47,370,000. Principal Financial Group Inc. boosted its stake in shares of CarMax by 8.3% in the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after buying an additional 706,369 shares in the last quarter. Finally, UBS Oconnor LLC acquired a new stake in shares of CarMax during the second quarter valued at approximately $44,142,000.
A number of equities analysts have weighed in on KMX shares. Zacks Investment Research raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Wedbush raised shares of CarMax from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $70.00 in a research report on Thursday, May 18th. CIBC reissued a “buy” rating on shares of CarMax in a research report on Tuesday, July 4th. Deutsche Bank AG reissued a “buy” rating and issued a $73.00 price objective (up from $71.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. CarMax presently has an average rating of “Buy” and a consensus target price of $69.15.
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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