Insider Selling: William D. Nash Unloads 77,656 Shares of CarMax Stock (KMX)
CarMax (NYSE:KMX) EVP William D. Nash sold 77,656 shares of the stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $50.89, for a total transaction of $3,951,913.84. Following the completion of the transaction, the executive vice president now directly owns 22,374 shares of the company’s stock, valued at approximately $1,138,613. The transaction was disclosed in a legal filing with the SEC, which is available at 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. CarMax currently has an average rating of “Buy” and an average target price of $53.56.
Shares of CarMax (NYSE:KMX) traded up 3.12% during mid-day trading on Thursday, hitting $51.57. The stock had a trading volume of 2,100,263 shares. CarMax has a 52-week low of $42.54 and a 52-week 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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