Eric M. Margolin Sells 37,264 Shares of CarMax, Inc (NYSE:KMX) Stock

CarMax, Inc (NYSE:KMX) EVP Eric M. Margolin sold 37,264 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $84.39, for a total value of $3,144,708.96. Following the sale, the executive vice president now owns 21,767 shares of the company’s stock, valued at $1,836,917.13. 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 50-day simple moving average of $84.59. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20. CarMax, Inc has a one year low of $55.24 and a one year high of $89.40. 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.

CarMax (NYSE:KMX) last issued its earnings results on Friday, June 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.17 billion. CarMax had a net margin of 4.64% and a return on equity of 25.37%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, equities analysts expect that CarMax, Inc will post 5.27 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMX. Beacon Financial Group grew its position in CarMax by 2.3% in the second quarter. Beacon Financial Group now owns 5,386 shares of the company’s stock worth $468,000 after acquiring an additional 119 shares in the last quarter. First National Bank of South Miami grew its position in CarMax by 4.4% in the first quarter. First National Bank of South Miami now owns 3,267 shares of the company’s stock worth $228,000 after acquiring an additional 138 shares in the last quarter. First Trust Advisors LP grew its position in CarMax by 0.3% in the first quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock worth $4,570,000 after acquiring an additional 167 shares in the last quarter. AdvisorNet Financial Inc grew its position in CarMax by 86.9% in the second quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in CarMax by 3.1% in the first quarter. LS Investment Advisors LLC now owns 6,278 shares of the company’s stock worth $438,000 after acquiring an additional 190 shares in the last quarter.

Several brokerages have recently commented on KMX. Credit Suisse Group set a €21.78 ($25.33) price target on Deutsche Lufthansa and gave the company a “buy” rating in a research note on Monday, June 17th. Bank of America lifted their price target on CarMax from $95.00 to $112.00 in a research note on Monday, June 24th. Buckingham Research downgraded Westinghouse Air Brake Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $93.00 to $81.00 in a research note on Monday, June 24th. Oppenheimer set a $11.00 price target on ArQule and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Guggenheim cut their price target on Kroger from $31.00 to $26.00 in a research note 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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Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

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