CarMax Inc (KMX) EVP Edwin J. Hill Sells 35,497 Shares
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.
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