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

CarMax, Inc. (NYSE:KMX) SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction on 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 owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CarMax Stock Performance

CarMax stock opened at $73.34 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The firm has a market capitalization of $11.54 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.69. The company’s 50-day moving average is $70.66 and its 200 day moving average is $73.99.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Research analysts forecast that CarMax, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KMX shares. Evercore ISI decreased their target price on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a research note on Thursday, June 20th. StockNews.com raised shares of CarMax to a “sell” rating in a report on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of CarMax in a report on Tuesday, June 18th. Robert W. Baird decreased their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and an average target price of $75.50.

Hedge Funds Weigh In On CarMax

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in CarMax during the fourth quarter valued at $37,000. MCF Advisors LLC acquired a new stake in CarMax during the fourth quarter valued at $46,000. Finally, Lindbrook Capital LLC grew its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the period.

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.