CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $75.16, for a total transaction of $601,280.00. Following the sale, the director now owns 463,572 shares of the company’s stock, valued at $34,842,071.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS.

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A number of equities research analysts have recently commented on the stock. UBS AG downgraded shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Oppenheimer Holdings, Inc. downgraded shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a report on Thursday, October 5th. CIBC reiterated a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Berenberg Bank assumed coverage on shares of CarMax in a report on Wednesday, October 4th. They set a “hold” rating and a $83.00 price target for the company. Finally, Credit Suisse Group lifted their price target on shares of CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $77.93.

Several institutional investors and hedge funds have recently modified their holdings of the company. QS Investors LLC increased its holdings in shares of CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after purchasing an additional 29 shares during the period. Osborne Partners Capital Management LLC increased its holdings in shares of CarMax by 0.5% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after purchasing an additional 90 shares during the period. Kelman Lazarov Inc. increased its holdings in shares of CarMax by 0.8% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock valued at $839,000 after purchasing an additional 100 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of CarMax by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after purchasing an additional 160 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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