William D. Nash Sells 86,762 Shares of CarMax, Inc (NYSE:KMX) Stock

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.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of CarMax by 1.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 181,562 shares of the company’s stock valued at $11,390,000 after purchasing an additional 3,242 shares during the period. New York State Common Retirement Fund boosted its position in shares of CarMax by 3.7% in the 4th quarter. New York State Common Retirement Fund now owns 401,550 shares of the company’s stock valued at $25,189,000 after purchasing an additional 14,350 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of CarMax by 21.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 17,824 shares of the company’s stock valued at $1,118,000 after purchasing an additional 3,100 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of CarMax by 295.9% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,650 shares of the company’s stock valued at $668,000 after purchasing an additional 7,960 shares during the period. Finally, Citizens Financial Group Inc RI acquired a new position in shares of CarMax in the 4th quarter valued at $33,000.

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.

About CarMax

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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