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.

About CarMax

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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