Shares of CarMax Inc. (NYSE:KMX) traded down 4.6% during trading on Tuesday . The stock traded as low as $55.35 and last traded at $55.46, with a volume of 1,658,313 shares changing hands. The stock had previously closed at $58.14.

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on CarMax from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, April 8th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of CarMax in a research report on Saturday, April 30th. Wedbush reiterated a “neutral” rating and set a $44.00 target price on shares of CarMax in a research report on Wednesday, July 20th. Buckingham Research reiterated a “buy” rating and set a $60.00 target price on shares of CarMax in a research report on Tuesday, June 21st. Finally, TheStreet upgraded CarMax from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.74.

The firm has a market cap of $10.64 billion and a P/E ratio of 18.16. The firm has a 50-day moving average price of $52.30 and a 200 day moving average price of $50.27.

CarMax (NYSE:KMX) last released its quarterly earnings results on Tuesday, June 21st. The company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.02. The firm earned $4.13 billion during the quarter. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, equities research analysts expect that CarMax Inc. will post $3.27 earnings per share for the current year.

In other news, CFO Thomas W. Reedy, Jr. sold 57,795 shares of CarMax stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $55.45, for a total transaction of $3,204,732.75. Following the sale, the chief financial officer now owns 72,135 shares of the company’s stock, valued at $3,999,885.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas J. Folliard sold 271,435 shares of CarMax stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $55.39, for a total value of $15,034,784.65. Following the sale, the chief executive officer now directly owns 758,517 shares in the company, valued at approximately $42,014,256.63. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in KMX. Nicholas Co. Inc. WI boosted its stake in CarMax by 2.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 204,565 shares of the company’s stock worth $11,040,000 after buying an additional 4,520 shares during the period. Employees Retirement System of Texas raised its position in CarMax by 350.6% in the fourth quarter. Employees Retirement System of Texas now owns 146,000 shares of the company’s stock worth $7,880,000 after buying an additional 113,600 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in CarMax by 2.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 332,369 shares of the company’s stock worth $18,134,000 after buying an additional 8,539 shares in the last quarter. Morningstar Investment Services LLC raised its position in CarMax by 21.3% in the fourth quarter. Morningstar Investment Services LLC now owns 124,855 shares of the company’s stock worth $6,738,000 after buying an additional 21,940 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position in CarMax by 1.0% in the fourth quarter. Advantus Capital Management Inc now owns 19,555 shares of the company’s stock worth $1,055,000 after buying an additional 203 shares in the last quarter.

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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