CarMax, Inc (NYSE:KMX) CEO William D. Nash sold 86,762 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $83.53, for a total value of $7,247,229.86. Following the sale, the chief executive officer now owns 173,546 shares of the company’s stock, valued at $14,496,297.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NYSE:KMX traded down $1.79 during mid-day trading on Friday, reaching $84.84. The company had a trading volume of 1,931,774 shares, compared to its average volume of 2,184,457. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The company has a 50-day simple moving average of $84.59. CarMax, Inc has a one year low of $55.24 and a one year high of $89.40.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. CarMax had a net margin of 4.64% and a return on equity of 25.37%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. CarMax’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc will post 5.27 EPS for the current fiscal year.
Several brokerages have recently commented on KMX. Northcoast Research downgraded CarMax from a “buy” rating to a “neutral” rating and set a $86.50 price target for the company. in a research note on Friday, June 28th. Oppenheimer set a $11.00 price target on ArQule and gave the company a “buy” rating in a research note on Friday, June 14th. Argus initiated coverage on CarMax in a research note on Friday, June 28th. They set a “buy” rating and a $100.00 price target for the company. Stephens started coverage on Twilio in a research note on Monday, April 1st. They set a “hold” rating and a $110.00 price target for the company. Finally, Buckingham Research cut shares of Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $93.00 to $81.00 in a research report on Monday, June 24th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and an average price target of $93.81.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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