CarMax Inc (NYSE:KMX) EVP Edwin J. Hill sold 35,497 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $65.69, for a total value of $2,331,797.93. Following the completion of the sale, the executive vice president now directly owns 40,289 shares in the company, valued at approximately $2,646,584.41. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CarMax Inc (KMX) traded down 0.59% on Monday, hitting $65.70. The stock had a trading volume of 1,528,416 shares. The company’s 50 day moving average is $62.71 and its 200 day moving average is $62.82. The firm has a market cap of $12.04 billion, a PE ratio of 18.87 and a beta of 1.34. CarMax Inc has a 12-month low of $47.50 and a 12-month high of $69.11.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.15. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. CarMax’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that CarMax Inc will post $3.70 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. Deutsche Bank AG reduced their price target on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Zacks Investment Research lowered CarMax from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Oppenheimer Holdings, Inc. set a $72.00 price target on CarMax and gave the company a “buy” rating in a research report on Friday, April 21st. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target on shares of CarMax in a research report on Monday, March 27th. Finally, UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after buying an additional 49 shares during the period. Flinton Capital Management LLC raised its position in CarMax by 1.2% in the first quarter. Flinton Capital Management LLC now owns 5,232 shares of the company’s stock valued at $310,000 after buying an additional 64 shares during the period. Meadow Creek Investment Management LLC raised its position in CarMax by 1.2% in the first quarter. Meadow Creek Investment Management LLC now owns 7,194 shares of the company’s stock valued at $426,000 after buying an additional 88 shares during the period. Osborne Partners Capital Management LLC raised its position in CarMax by 0.5% in the second quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after buying an additional 90 shares during the period. Finally, Argent Trust Co raised its position in CarMax by 1.7% in the first quarter. Argent Trust Co now owns 5,485 shares of the company’s stock valued at $325,000 after buying an additional 91 shares during the period.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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