CarMax Inc (NYSE:KMX) Director William R. Tiefel sold 13,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $75.30, for a total value of $978,900.00. Following the completion of the sale, the director now owns 151,659 shares of the company’s stock, valued at approximately $11,419,922.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of CarMax Inc (KMX) opened at $73.44 on Thursday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. The firm has a market capitalization of $13,386.67, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.52. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $77.64.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. equities research analysts expect that CarMax Inc will post 3.83 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “William R. Tiefel Sells 13,000 Shares of CarMax Inc (KMX) Stock” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/09/william-r-tiefel-sells-13000-shares-of-carmax-inc-kmx-stock.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of CarMax by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after buying an additional 380,038 shares in the last quarter. BlackRock Inc. raised its stake in shares of CarMax by 0.5% in the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after buying an additional 53,840 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of CarMax by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after buying an additional 142,175 shares in the last quarter. Broad Run Investment Management LLC raised its stake in shares of CarMax by 0.9% in the 2nd quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after buying an additional 29,846 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of CarMax by 751.0% in the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after buying an additional 1,895,763 shares in the last quarter.

A number of equities research analysts have weighed in on the company. Citigroup Inc. raised their price objective on CarMax to $84.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Goldman Sachs Group, Inc. (The) lowered CarMax from a “buy” rating to a “neutral” rating and raised their price objective for the company from $74.00 to $79.00 in a research note on Monday, September 25th. Wedbush restated an “outperform” rating and set a $81.00 price objective (up previously from $77.00) on shares of CarMax in a research note on Monday, September 25th. Finally, CIBC restated a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. CarMax currently has an average rating of “Hold” and a consensus target price of $77.93.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Insider Buying and Selling by Quarter for CarMax (NYSE:KMX)

Receive News & Stock Ratings for CarMax Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc and related stocks with our FREE daily email newsletter.