Jon G. Daniels Sells 10,000 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CarMax Price Performance

Shares of NYSE:KMX opened at $83.77 on Friday. The company’s fifty day moving average price is $80.03 and its 200-day moving average price is $78.20. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.74 and a beta of 1.71. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KMX shares. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Royal Bank of Canada lifted their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.17.

Institutional Trading of CarMax

A number of hedge funds have recently bought and sold shares of KMX. Oddo BHF Asset Management Sas bought a new position in CarMax during the third quarter valued at approximately $2,229,000. Franklin Resources Inc. grew its holdings in shares of CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after purchasing an additional 9,509 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of CarMax by 141.8% during the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after purchasing an additional 7,635 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CarMax in the 3rd quarter worth $351,000. Finally, World Investment Advisors LLC bought a new stake in CarMax in the third quarter worth $6,942,000.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.