Insider Selling: CarMax CFO Sells 37,242 Shares of Stock (KMX)
CarMax (NYSE:KMX) CFO Thomas W. Reedy, Jr. sold 37,242 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $50.05, for a total transaction of $1,863,962.10. Following the transaction, the chief financial officer now directly owns 37,970 shares of the company’s stock, valued at approximately $1,900,399. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on KMX. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CarMax has a consensus rating of “Buy” and a consensus price target of $53.56.
Shares of CarMax (NYSE:KMX) traded up 3.12% on Thursday, hitting $51.57. 2,100,263 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 has a 50-day moving average of $45.64 and a 200-day moving average of $46.37. The company has a market cap of $11.359 billion and a price-to-earnings ratio of 21.97.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 20th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.64 earnings per share. CarMax’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that CarMax will post $2.54 earnings per share 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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