CarMax, Inc (NYSE:KMX) COO Edwin J. Hill sold 4,792 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $87.49, for a total transaction of $419,252.08. Following the sale, the chief operating officer now directly owns 3,778 shares in the company, valued at $330,537.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE KMX opened at $88.94 on Friday. The firm has a 50 day simple moving average of $83.14. CarMax, Inc has a fifty-two week low of $55.24 and a fifty-two week high of $89.37. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.34 and a beta of 1.21. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.21 and a quick ratio of 0.49.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.10. CarMax had a net margin of 4.64% and a return on equity of 25.37%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the prior year, the business posted $1.33 earnings per share. CarMax’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that CarMax, Inc will post 5.27 earnings per share for the current fiscal year.
KMX has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of from GBX 845 ($11.04) to GBX 800 ($10.45) and set an “outperform” rating on the stock in a research note on Wednesday, June 19th. Morgan Stanley set a $60.00 price target on shares of Berry Global Group and gave the company a “hold” rating in a research note on Wednesday, April 17th. Buckingham Research cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $93.00 to $81.00 in a research note on Monday, June 24th. Oppenheimer set a $11.00 price objective on shares of ArQule and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Guggenheim cut their price objective on shares of Kroger from $31.00 to $26.00 in a report on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. CarMax presently has a consensus rating of “Buy” and an average target price of $93.81.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Akre Capital Management LLC raised its holdings in CarMax by 5.2% in the first quarter. Akre Capital Management LLC now owns 6,077,981 shares of the company’s stock worth $424,243,000 after purchasing an additional 300,800 shares during the period. Geode Capital Management LLC raised its holdings in CarMax by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 2,190,864 shares of the company’s stock worth $137,181,000 after purchasing an additional 140,198 shares during the period. Dimensional Fund Advisors LP raised its holdings in CarMax by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,891 shares of the company’s stock worth $94,404,000 after purchasing an additional 258,689 shares during the period. Norges Bank acquired a new stake in CarMax in the fourth quarter worth $83,206,000. Finally, Giverny Capital Inc. raised its holdings in CarMax by 2.9% in the first quarter. Giverny Capital Inc. now owns 1,188,798 shares of the company’s stock worth $82,978,000 after purchasing an additional 33,205 shares during the period.
CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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