CarMax Inc (KMX) Director Sells $869,587.68 in Stock
CarMax Inc (NYSE:KMX) Director Edgar H. Grubb sold 11,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $76.36, for a total transaction of $869,587.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CarMax Inc (NYSE KMX) traded up 0.58% during mid-day trading on Friday, reaching $76.81. 1,298,360 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $69.26 and a 200-day moving average price of $63.64. CarMax Inc has a 1-year low of $47.50 and a 1-year high of $77.64. The stock has a market cap of $14.08 billion, a P/E ratio of 22.06 and a beta of 1.38.
CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts anticipate that CarMax Inc will post $3.81 EPS for the current fiscal year.
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KMX has been the topic of several research reports. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Wedbush reiterated an “outperform” rating and issued a $77.00 price objective (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. CIBC reiterated a “buy” rating on shares of CarMax in a research note on Tuesday, July 4th. ValuEngine upgraded shares of CarMax from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “market perform” rating and issued a $63.00 price objective (down previously from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $77.93.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in CarMax by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after buying an additional 380,038 shares during the last quarter. BlackRock Inc. increased its holdings in CarMax by 0.5% during the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after buying an additional 53,840 shares during the last quarter. Principal Financial Group Inc. increased its holdings in CarMax by 8.3% during the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after buying an additional 706,369 shares during the last quarter. Broad Run Investment Management LLC increased its holdings in CarMax by 0.9% during the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after buying an additional 29,846 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in CarMax by 751.0% during the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after buying an additional 1,895,763 shares during the last quarter.
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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