CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim Sells 12,845 Shares

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 12,845 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total transaction of $1,052,519.30. Following the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $961,811.72. This represents a 52.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mohammad Shamim also recently made the following trade(s):

• On Monday, December 23rd, Mohammad Shamim sold 10,000 shares of CarMax stock. The shares were sold at an average price of $83.77, for a total value of $837,700.00.

CarMax Price Performance

Shares of NYSE:KMX opened at $78.46 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm has a market cap of $12.16 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71. The firm’s fifty day moving average is $81.53 and its 200-day moving average is $78.78.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Hedge Funds Weigh In On CarMax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP increased its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new position in CarMax during the third quarter worth $32,000. True Wealth Design LLC lifted its holdings in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Studio Investment Management LLC boosted its position in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KMX shares. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.17.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.