CarMax, Inc. (NYSE:KMX) EVP Sells $108,785.60 in Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) EVP Jon G. Daniels sold 1,540 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the sale, the executive vice president owned 2,779 shares of the company's stock, valued at approximately $196,308.56. This trade represents a 35.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CarMax Stock Performance

Shares of KMX traded down $1.64 during mid-day trading on Friday, reaching $69.94. The company had a trading volume of 1,313,519 shares, compared to its average volume of 2,395,192. The stock has a market capitalization of $10.50 billion, a P/E ratio of 19.32, a PEG ratio of 1.16 and a beta of 1.38. CarMax, Inc. has a 52-week low of $61.34 and a 52-week high of $91.25. The stock has a 50 day moving average of $66.18 and a two-hundred day moving average of $74.38. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.18 by $0.20. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. On average, analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMX. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Wedbush restated an "outperform" rating and set a $90.00 price objective on shares of CarMax in a report on Wednesday, June 18th. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Evercore ISI lowered their target price on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, Robert W. Baird cut their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $84.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the 1st quarter valued at about $27,000. Accent Capital Management LLC purchased a new position in CarMax during the first quarter worth approximately $34,000. Strengthening Families & Communities LLC grew its holdings in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company's stock valued at $39,000 after purchasing an additional 256 shares during the period. Ameriflex Group Inc. acquired a new stake in CarMax in the fourth quarter valued at approximately $53,000. Finally, Quarry LP increased its position in shares of CarMax by 50.5% in the first quarter. Quarry LP now owns 694 shares of the company's stock valued at $54,000 after buying an additional 233 shares in the last quarter.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.