Thomas J. Folliard Sells 8,000 Shares of CarMax Inc (KMX) Stock
CarMax Inc (NYSE:KMX) Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $68.72, for a total value of $549,760.00. Following the completion of the transaction, the director now directly owns 447,572 shares of the company’s stock, valued at approximately $30,757,147.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of CarMax Inc (NYSE KMX) opened at $67.72 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $12,467.72, a price-to-earnings ratio of 18.79, a PEG ratio of 1.15 and a beta of 1.48. CarMax Inc has a twelve month low of $54.29 and a twelve month high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. analysts forecast that CarMax Inc will post 3.84 EPS for the current year.
Several research firms have recently issued reports on KMX. Citigroup increased their price target on CarMax to $84.00 and gave the stock 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 report on Tuesday, October 31st. Goldman Sachs Group lowered CarMax from a “buy” rating to a “neutral” rating and upped their price objective for the company from $74.00 to $79.00 in a report on Monday, September 25th. Wedbush restated an “outperform” rating and issued a $81.00 price objective (up previously from $77.00) on shares of CarMax in a report on Monday, September 25th. Finally, CIBC restated a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.00.
COPYRIGHT VIOLATION WARNING: “Thomas J. Folliard Sells 8,000 Shares of CarMax Inc (KMX) Stock” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/12/06/thomas-j-folliard-sells-8000-shares-of-carmax-inc-kmx-stock.html.
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.
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.