CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels Sells 1,231 Shares of Stock

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $72,097.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarMax Stock Performance

Shares of CarMax stock opened at $73.33 on Friday. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $11.54 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.43 and a beta of 1.69. The business has a fifty day simple moving average of $70.56 and a two-hundred day simple moving average of $73.94. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the company earned $1.16 earnings per share. The company’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of CarMax

A number of institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of CarMax by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 31,039 shares of the company’s stock valued at $2,682,000 after acquiring an additional 498 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of CarMax by 48.7% in the 1st quarter. Cetera Advisors LLC now owns 9,178 shares of the company’s stock worth $799,000 after purchasing an additional 3,004 shares during the period. Cetera Investment Advisers lifted its stake in shares of CarMax by 942.3% in the 1st quarter. Cetera Investment Advisers now owns 125,790 shares of the company’s stock worth $10,958,000 after purchasing an additional 113,721 shares during the period. Atria Investments Inc lifted its stake in shares of CarMax by 11.6% in the 1st quarter. Atria Investments Inc now owns 41,221 shares of the company’s stock worth $3,591,000 after purchasing an additional 4,286 shares during the period. Finally, Swedbank AB bought a new position in shares of CarMax in the 1st quarter worth approximately $1,406,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMX. Robert W. Baird dropped their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada upped their price objective on shares of CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday. Mizuho decreased their price objective on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $75.50.

CarMax Company Profile

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.