CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay Sells 13,009 Shares

CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CarMax Trading Down 0.9 %

Shares of NYSE:KMX traded down $0.69 during midday trading on Friday, reaching $78.96. 1,482,993 shares of the company’s stock were exchanged, compared to its average volume of 1,717,736. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. The firm’s 50 day simple moving average is $82.01 and its two-hundred day simple moving average is $79.00. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on KMX shares. Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Needham & Company LLC lifted their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and an average target price of $85.17.

Hedge Funds Weigh In On CarMax

Hedge funds have recently bought and sold shares of the company. State Street Corp grew its position in CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after acquiring an additional 36,959 shares in the last quarter. Janus Henderson Group PLC boosted its position in CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC grew its stake in shares of CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after acquiring an additional 14,903 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares during the period. Finally, Vulcan Value Partners LLC raised its stake in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares in the last quarter.

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.