CarMax Inc (KMX) Director Thomas J. Folliard Sells 8,000 Shares

CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $68.72, for a total value of $549,760.00. Following the sale, the director now directly owns 447,572 shares in the company, valued at approximately $30,757,147.84. The sale was disclosed in a document filed with the SEC, which is available at this link.

CarMax Inc (NYSE KMX) traded up $2.33 during trading on Monday, hitting $70.71. The stock had a trading volume of 2,748,371 shares, compared to its average volume of 2,222,085. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. The firm has a market cap of $12,470.00, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.47. CarMax Inc has a 52-week low of $54.29 and a 52-week high of $77.64.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. equities research analysts forecast that CarMax Inc will post 3.84 EPS for the current year.

Several analysts have issued reports on the company. Moffett Nathanson assumed coverage on CarMax in a research report on Monday. They set a “neutral” rating on the stock. Deutsche Bank dropped their target price on CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a research report on Sunday, November 26th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, November 22nd. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, CIBC reissued a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. CarMax currently has an average rating of “Hold” and an average target price of $77.00.

Hedge funds have recently modified their holdings of the stock. Korea Investment CORP raised its stake in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after acquiring an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in CarMax in the 2nd quarter worth $112,000. Seven Eight Capital LP purchased a new position in CarMax in the 2nd quarter worth $133,000. Tredje AP fonden purchased a new position in CarMax in the 3rd quarter worth $144,000. Finally, QS Investors LLC raised its stake in CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares during the last quarter.

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CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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