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CarMax (NYSE:KMX) CEO Thomas J. Folliard sold 359,349 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $50.06, for a total value of $17,989,010.94. Following the sale, the chief executive officer now directly owns 546,690 shares of the company’s stock, valued at approximately $27,367,301. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of CarMax in a research note on Wednesday. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CarMax in a research note on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of CarMax from $49.00 to $54.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CarMax has an average rating of “Buy” and a consensus target price of $53.56.

CarMax (NYSE:KMX) traded up 3.12% during mid-day trading on Thursday, hitting $51.57. 2,100,163 shares of the company’s stock traded hands. CarMax has a one year low of $42.54 and a one year high of $53.67. The stock’s 50-day moving average is $45.64 and its 200-day moving average is $46.37. The company has a market cap of $11.359 billion and a P/E ratio of 21.97.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 20th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that CarMax will post $2.54 EPS for the current fiscal year.

CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.

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