Investors sold shares of CarMax Inc. (NYSE:KMX) on strength during trading on Friday. $20.10 million flowed into the stock on the tick-up and $59.04 million flowed out of the stock on the tick-down, for a money net flow of $38.94 million out of the stock. Of all equities tracked, CarMax had the 0th highest net out-flow for the day. CarMax traded up $0.15 for the day and closed at $59.30

Several equities research analysts recently issued reports on KMX shares. Wedbush restated a “neutral” rating and issued a $44.00 target price on shares of CarMax in a report on Wednesday, April 27th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of CarMax in a research report on Saturday, April 30th. Buckingham Research reiterated a “buy” rating and issued a $60.00 price target on shares of CarMax in a research report on Tuesday, June 21st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price target (down from $60.00) on shares of CarMax in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. CarMax currently has a consensus rating of “Hold” and a consensus target price of $61.65.

The company has a market cap of $11.35 billion and a P/E ratio of 19.38. The stock’s 50 day moving average price is $56.46 and its 200 day moving average price is $51.55.

CarMax (NYSE:KMX) last released its earnings results on Tuesday, June 21st. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by $0.02. The business had revenue of $4.13 billion for the quarter. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that CarMax Inc. will post $3.28 earnings per share for the current year.

In other news, EVP Eric M. Margolin sold 12,639 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $60.21, for a total value of $760,994.19. Following the sale, the executive vice president now directly owns 38,303 shares of the company’s stock, valued at approximately $2,306,223.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas J. Folliard sold 271,435 shares of the company’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $55.39, for a total transaction of $15,034,784.65. Following the completion of the sale, the chief executive officer now directly owns 758,517 shares in the company, valued at $42,014,256.63. The disclosure for this sale can be found here.

Other hedge funds have added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in CarMax during the fourth quarter valued at approximately $1,770,000. US Bancorp DE increased its stake in CarMax by 30.8% in the fourth quarter. US Bancorp DE now owns 54,801 shares of the company’s stock valued at $2,957,000 after buying an additional 12,902 shares during the period. Finally, Nicholas Co. Inc. WI increased 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 valued at $11,040,000 after buying an additional 4,520 shares during the period.

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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