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 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.
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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