Tyler Tuite Sells 4,869 Shares of CarMax, Inc. (NYSE:KMX) Stock

CarMax, Inc. (NYSE:KMX) SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CarMax Price Performance

NYSE:KMX opened at $85.64 on Friday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $13.17 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.71. The stock’s 50-day moving average price is $83.10 and its 200-day moving average price is $79.58.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (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 company 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 firm posted $0.52 EPS. CarMax’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KMX has been the topic of several recent research reports. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Needham & Company LLC increased their target price on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Finally, Evercore ISI increased their price objective on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.17.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after buying an additional 282,519 shares during the last quarter. State Street Corp boosted its holdings in shares of CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the last quarter. Janus Henderson Group PLC boosted its holdings 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 worth $359,216,000 after purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after purchasing an additional 14,903 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares during the last quarter.

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.