William R. Tiefel Sells 13,000 Shares of CarMax Inc (KMX) Stock
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.
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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.
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