Insider Selling: CarMax, Inc. (NYSE:KMX) EVP Sells 15,356 Shares of Stock

CarMax, Inc. (NYSE:KMX - Get Free Report) EVP Diane L. Cafritz sold 15,356 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CarMax Stock Performance

Shares of KMX traded down $1.05 during mid-day trading on Thursday, reaching $69.22. 2,809,256 shares of the company's stock traded hands, compared to its average volume of 2,025,828. The business's 50-day moving average price is $78.03 and its 200-day moving average price is $72.09. The stock has a market capitalization of $10.89 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.15 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business's quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. Equities analysts predict that CarMax, Inc. will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Needham & Company LLC lowered their target price on CarMax from $99.00 to $91.00 and set a "buy" rating for the company in a research note on Friday, April 12th. Truist Financial lowered their target price on CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. StockNews.com upgraded CarMax to a "sell" rating in a research note on Monday. Evercore ISI decreased their price target on CarMax from $85.00 to $74.00 and set an "in-line" rating for the company in a research note on Friday, April 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $77.42.

Institutional Investors Weigh In On CarMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in CarMax by 6.5% during the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company's stock worth $188,000 after purchasing an additional 131 shares in the last quarter. Czech National Bank grew its position in CarMax by 0.5% in the fourth quarter. Czech National Bank now owns 27,789 shares of the company's stock worth $2,133,000 after buying an additional 138 shares during the last quarter. Spire Wealth Management grew its position in CarMax by 8.3% in the fourth quarter. Spire Wealth Management now owns 1,908 shares of the company's stock worth $146,000 after buying an additional 147 shares during the last quarter. Lindbrook Capital LLC grew its position in CarMax by 32.8% in the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after buying an additional 155 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in CarMax by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company's stock worth $1,782,000 after buying an additional 157 shares during the last quarter.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.