CarMax Inc (KMX) Director Thomas J. Folliard Sells 8,000 Shares

CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $68.72, for a total value of $549,760.00. Following the completion of the transaction, the director now owns 447,572 shares of the company’s stock, valued at approximately $30,757,147.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of CarMax Inc (NYSE:KMX) opened at $70.71 on Tuesday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. CarMax Inc has a 12-month low of $54.29 and a 12-month high of $77.64. The firm has a market capitalization of $12,467.72, a PE ratio of 18.79, a PEG ratio of 1.15 and a beta of 1.48.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. research analysts forecast that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on KMX shares. Zacks Investment Research upgraded CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, August 16th. Oppenheimer reiterated a “buy” rating on shares of CarMax in a research note on Friday, August 25th. Wedbush reiterated an “outperform” rating and issued a $77.00 price objective (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. CIBC raised their target price on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 19th. Finally, Citigroup raised their target price on CarMax to $84.00 and gave the stock a “buy” rating in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in CarMax by 27.8% during the third quarter. Public Employees Retirement System of Ohio now owns 102,068 shares of the company’s stock worth $7,738,000 after buying an additional 22,198 shares during the period. IFM Investors Pty Ltd acquired a new position in CarMax during the third quarter worth approximately $448,000. Yellowstone Partners LLC acquired a new position in CarMax during the third quarter worth approximately $425,000. California Public Employees Retirement System increased its position in CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after buying an additional 8,205 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in CarMax during the third quarter worth approximately $865,000.

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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.

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