Traders Sell CarMax Inc. (KMX) on Strength (KMX)
Traders 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
KMX has been the subject of a number of research reports. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $60.00 price objective on shares of CarMax in a research report on Tuesday, June 7th. Wedbush reiterated a “hold” rating and issued a $44.00 price objective on shares of CarMax in a research report on Thursday, June 16th. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price objective (down from $60.00) on shares of CarMax in a research report on Wednesday, June 22nd. Finally, Buckingham Research reiterated a “buy” rating and issued a $60.00 price objective on shares of CarMax in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. CarMax presently has an average rating of “Hold” and a consensus price target of $61.65.
The stock has a market cap of $11.35 billion and a PE ratio of 19.38. The company’s 50 day moving average is $56.46 and its 200-day moving average is $51.55.
CarMax (NYSE:KMX) last posted its earnings results on Tuesday, June 21st. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by $0.02. The business earned $4.13 billion during the quarter. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that CarMax Inc. will post $3.28 earnings per share for the current fiscal year.
In other news, EVP Eric M. Margolin sold 12,639 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $60.21, for a total transaction of $760,994.19. Following the completion of the transaction, the executive vice president now directly owns 38,303 shares in the company, valued at $2,306,223.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric M. Margolin sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $50.75, for a total value of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares of the company’s stock, valued at $1,740,877.25. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in CarMax stock. Marshall Wace LLP acquired a new position in CarMax Inc. (NYSE:KMX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,797 shares of the company’s stock, valued at approximately $1,770,000.
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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