Insider Selling: CarMax Inc (KMX) EVP Sells 35,497 Shares of Stock

CarMax Inc (NYSE:KMX) EVP Edwin J. Hill sold 35,497 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $65.69, for a total value of $2,331,797.93. Following the completion of the sale, the executive vice president now directly owns 40,289 shares of the company’s stock, valued at $2,646,584.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CarMax Inc (NYSE KMX) remained flat at $63.97 on Friday. The company’s stock had a trading volume of 1,230,378 shares. The company’s 50 day moving average is $64.93 and its 200-day moving average is $62.69. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.11. The company has a market capitalization of $11.72 billion, a P/E ratio of 18.37 and a beta of 1.34.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. CarMax’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts predict that CarMax Inc will post $3.71 EPS for the current year.

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Several equities research analysts have recently issued reports on the company. Deutsche Bank AG decreased their target price on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the company a “buy” rating in a research report on Friday, April 21st. Zacks Investment Research raised CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Wednesday. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 target price (up from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. CarMax presently has a consensus rating of “Buy” and a consensus price target of $69.15.

Hedge funds have recently modified their holdings of the company. Korea Investment CORP boosted its stake in shares of 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 last quarter. State of Alaska Department of Revenue bought a new stake in shares of CarMax during the second quarter worth approximately $112,000. First Bank & Trust boosted its stake in shares of 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 during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of CarMax during the second quarter worth approximately $133,000.

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.

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

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