CarMax (KMX) EVP Eric M. Margolin Sells 20,000 Shares of Stock

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.

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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 hedge funds have recently modified their holdings of KMX. Cerebellum GP LLC bought a new position in shares of CarMax during the fourth quarter worth about $121,000. Captrust Financial Advisors bought a new position in shares of CarMax during the fourth quarter worth about $134,000. Prime Capital Investment Advisors LLC bought a new position in shares of CarMax during the fourth quarter worth about $156,000. Virtue Capital Management LLC bought a new position in shares of CarMax during the fourth quarter worth about $169,000. Finally, Franklin Resources Inc. bought a new position in shares of CarMax during the fourth quarter worth about $205,000.

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.

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About CarMax

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.

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

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