CarMax CEO Thomas J. Folliard Unloads 395,000 Shares (KMX)
CarMax (NYSE:KMX) CEO Thomas J. Folliard unloaded 395,000 shares of CarMax stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $45.16, for a total value of $17,838,200.00. Following the transaction, the chief executive officer now directly owns 530,733 shares of the company’s stock, valued at approximately $23,967,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on KMX shares. 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.50.
Shares of CarMax (NYSE:KMX) traded down 1.63% on Monday, hitting $45.22. The stock had a trading volume of 2,312,135 shares. CarMax has a one year low of $37.02 and a one year high of $53.08. The stock’s 50-day moving average is $49.24 and its 200-day moving average is $48.72. The company has a market cap of $10.094 billion and a price-to-earnings ratio of 21.00.
CarMax (NYSE:KMX) last issued its quarterly earnings data 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that CarMax will post $2.26 EPS for the current fiscal year.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.