Thomas J. Folliard Sells 8,000 Shares of CarMax Inc (KMX) Stock
CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.75, for a total value of $566,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CarMax Inc (NYSE KMX) opened at $69.45 on Friday. CarMax Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $12,860.00, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.19 and a beta of 1.52.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the business earned $0.88 EPS. CarMax’s revenue was up 9.7% compared to the same quarter last year. equities analysts expect that CarMax Inc will post 3.84 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFM Investors Pty Ltd purchased a new position in CarMax during the 3rd quarter valued at $448,000. Yellowstone Partners LLC purchased a new position in CarMax during the 3rd quarter valued at $425,000. California Public Employees Retirement System boosted its holdings in CarMax by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock valued at $33,008,000 after acquiring an additional 8,205 shares during the period. Janney Montgomery Scott LLC purchased a new position in CarMax during the 3rd quarter valued at $865,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in CarMax by 7.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,475 shares of the company’s stock valued at $1,173,000 after acquiring an additional 1,066 shares during the period.
A number of research firms have issued reports on KMX. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup Inc. lifted their price objective on CarMax to $84.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $75.00 price objective (up previously from $66.00) on shares of CarMax in a research note on Tuesday, September 26th. Deutsche Bank AG downgraded CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research note on Friday. Finally, CIBC lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CarMax has an average rating of “Hold” and a consensus price target of $77.40.
CarMax Company Profile
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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