Insider Selling: CarMax Inc (KMX) EVP Sells 4,453 Shares of Stock
CarMax Inc (NYSE:KMX) EVP Eric M. Margolin sold 4,453 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total value of $335,310.90. Following the transaction, the executive vice president now directly owns 22,051 shares in the company, valued at $1,660,440.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS 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 analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share.
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A number of equities analysts have recently issued reports on KMX shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research report on Friday, August 25th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Friday, September 8th. BidaskClub raised CarMax from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Wedbush set a $73.00 target price on CarMax and gave the company a “buy” rating in a research report on Tuesday, July 11th. Finally, Citigroup Inc. upped their target price on CarMax to $84.00 and gave the company a “buy” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.93.
A number of hedge funds and other institutional investors have recently bought and sold shares of KMX. Teachers Advisors LLC increased its stake in CarMax by 4.1% in the first quarter. Teachers Advisors LLC now owns 265,924 shares of the company’s stock valued at $15,748,000 after purchasing an additional 10,416 shares during the period. Thrivent Financial For Lutherans increased its stake in CarMax by 3.2% in the first quarter. Thrivent Financial For Lutherans now owns 6,840 shares of the company’s stock valued at $405,000 after purchasing an additional 210 shares during the period. Morgan Stanley increased its stake in CarMax by 156.4% in the first quarter. Morgan Stanley now owns 456,262 shares of the company’s stock valued at $27,019,000 after purchasing an additional 278,328 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in CarMax in the first quarter valued at $567,000. Finally, VNBTrust National Association increased its stake in CarMax by 19.8% in the second quarter. VNBTrust National Association now owns 106,333 shares of the company’s stock valued at $6,706,000 after purchasing an additional 17,600 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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