CarMax, Inc. (NYSE:KMX) CEO William D. Nash Sells 120,513 Shares

CarMax, Inc. (NYSE:KMX) CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarMax Stock Performance

KMX traded up $0.26 during trading on Thursday, reaching $85.17. 1,116,401 shares of the company’s stock were exchanged, compared to its average volume of 1,936,209. The stock has a market capitalization of $13.19 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company’s fifty day simple moving average is $79.65 and its 200-day simple moving average is $77.98. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC increased their price objective on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.17.

Institutional Investors Weigh In On CarMax

Several hedge funds have recently bought and sold shares of KMX. Quarry LP boosted its holdings in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Studio Investment Management LLC grew its holdings in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares in the last quarter.

CarMax Company Profile

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.