CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay Sells 13,009 Shares

CarMax, Inc. (NYSE:KMX) VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CarMax Stock Performance

KMX stock opened at $78.96 on Friday. 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 stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 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 stock’s fifty day moving average is $82.07 and its two-hundred day moving average is $79.10.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 3.18 EPS for the current year.

Institutional Investors Weigh In On CarMax

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lakewood Asset Management LLC raised its stake in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after purchasing an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in CarMax by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after acquiring an additional 142 shares in the last quarter. Chemistry Wealth Management LLC raised its position in CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after acquiring an additional 164 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its position in CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after acquiring an additional 170 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial lifted their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.17.

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.