CarMax (NYSE:KMX) EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $63.83, for a total value of $1,276,600.00. Following the sale, the executive vice president now owns 41,051 shares of the company’s stock, valued at $2,620,285.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE:KMX opened at $62.88 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 2.61 and a quick ratio of 0.57. The stock has a market capitalization of $11,442.25, a price-to-earnings ratio of 16.91, a PEG ratio of 1.01 and a beta of 1.55. CarMax has a 1-year low of $56.53 and a 1-year high of $77.64.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.10). CarMax had a return on equity of 21.09% and a net margin of 3.88%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the business posted $0.81 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts expect that CarMax will post 4.32 earnings per share for the current fiscal year.
Several brokerages recently issued reports on KMX. Credit Suisse Group lowered their price target on CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a report on Friday, January 26th. Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday, January 8th. Oppenheimer upgraded CarMax from a “market perform” rating to an “outperform” rating and increased their price target for the company from $80.00 to $88.00 in a report on Thursday, January 18th. Wood & Company upgraded CarMax from a “market perform” rating to an “outperform” rating and increased their price target for the company from $80.00 to $88.00 in a report on Thursday, January 18th. Finally, UBS upgraded CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. CarMax has a consensus rating of “Buy” and an average price target of $78.40.
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 and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.
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