CarMax CFO Thomas Reedy Jr Sells 38,000 Shares (KMX)
CarMax (NYSE:KMX) CFO Thomas Reedy, Jr. unloaded 38,000 shares of CarMax stock on the open market in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $45.08, for a total transaction of $1,713,040.00. Following the transaction, the chief financial officer now directly owns 32,943 shares in the company, valued at approximately $1,485,070. The sale was disclosed in a document filed with the SEC, which is available at this link.
CarMax (NYSE:KMX) traded up 1.93% during mid-day trading on Friday, hitting $45.97. The stock had a trading volume of 4,279,740 shares. CarMax has a 52 week low of $37.02 and a 52 week high of $53.08. The stock has a 50-day moving average of $49.34 and a 200-day moving average of $48.70. The company has a market cap of $10.262 billion and a P/E ratio of 20.60.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.01. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company posted $0.41 earnings per share. CarMax’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that CarMax will post $2.26 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of CarMax in a research note to investors on Monday, December 23rd. They now have a $45.00 price target on the stock, down previously from $46.00. Analysts at Zacks reiterated a “neutral” rating on shares of CarMax in a research note to investors on Thursday, November 28th. They now have a $53.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $52.50.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
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