Mohammad Shamim Sells 12,845 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 12,845 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $961,811.72. The trade was a 52.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohammad Shamim also recently made the following trade(s):

• On Monday, December 23rd, Mohammad Shamim sold 10,000 shares of CarMax stock. The shares were sold at an average price of $83.77, for a total value of $837,700.00.

CarMax Price Performance

CarMax stock traded down $3.47 during trading hours on Friday, reaching $78.46. 1,793,605 shares of the stock were exchanged, compared to its average volume of 1,895,084. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a market cap of $12.16 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The stock has a 50 day moving average of $81.53 and a two-hundred day moving average of $78.78.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of analyst reports. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC upped their price target on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Finally, Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.17.

Hedge Funds Weigh In On CarMax

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP boosted its stake in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the third quarter worth about $32,000. True Wealth Design LLC boosted its stake in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Studio Investment Management LLC grew its holdings in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in CarMax during the 4th quarter worth approximately $58,000.

CarMax Company Profile

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.