CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora Sells 5,000 Shares of Stock

CarMax, Inc. (NYSE:KMX) CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CarMax Stock Performance

NYSE KMX traded down $0.69 on Friday, reaching $78.96. 1,482,993 shares of the company’s stock traded hands, compared to its average volume of 1,717,736. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. The stock has a 50 day moving average price of $82.01 and a 200-day moving average price of $79.00.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the company earned $0.52 earnings per share. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts predict that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Evercore ISI increased their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.17.

Hedge Funds Weigh In On CarMax

Several institutional investors have recently made changes to their positions in the company. State Street Corp grew its position in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares during the period. Janus Henderson Group PLC grew its position in shares of CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after acquiring an additional 28,466 shares during the period. Geode Capital Management LLC increased its stake in shares of CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after purchasing an additional 14,903 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after purchasing an additional 51,397 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the period.

About CarMax

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.