Insider Selling: CarMax, Inc. (NYSE:KMX) SVP Sells 4,869 Shares of Stock

CarMax, Inc. (NYSE:KMX) SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CarMax Trading Up 2.2 %

KMX opened at $87.60 on Friday. The firm’s 50 day moving average is $83.02 and its 200-day moving average is $79.55. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $13.47 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.66 and a beta of 1.71.

CarMax (NYSE:KMX) last released 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. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Analysts expect that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price target on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. First Hawaiian Bank purchased a new stake in CarMax during the 4th quarter worth approximately $273,000. World Investment Advisors LLC acquired a new stake in shares of CarMax during the third quarter worth approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. HF Advisory Group LLC raised its holdings in CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after acquiring an additional 3,222 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in CarMax during the 4th quarter valued at $600,000.

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.