CarMax, Inc. (NYSE:KMX – Free Report) EVP Diane L. Cafritz sold 1,706 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $83.85, for a total value of $143,048.10. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $425,371.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
CarMax Trading Down 0.8 %
Shares of CarMax stock opened at $83.70 on Friday. The company has a quick ratio of 0.61, a current ratio of 2.54 and a debt-to-equity ratio of 3.12. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.42. The business has a fifty day simple moving average of $74.96 and a 200-day simple moving average of $69.18. CarMax, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $106.24.
CarMax (NYSE:KMX – Free Report) last announced its quarterly earnings data on Friday, June 23rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.65. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.49 billion. CarMax had a return on equity of 7.46% and a net margin of 1.64%. The company’s revenue was down 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities analysts forecast that CarMax, Inc. will post 2.81 EPS for the current fiscal year.
Institutional Trading of CarMax
Analyst Ratings Changes
A number of brokerages recently commented on KMX. Stephens lowered their price objective on CarMax from $53.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, March 31st. Oppenheimer upped their price objective on CarMax from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, April 14th. Truist Financial upped their price objective on CarMax from $64.00 to $82.00 in a research note on Monday, June 26th. StockNews.com began coverage on CarMax in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, Robert W. Baird upped their price objective on CarMax from $65.00 to $80.00 in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.00.
About CarMax
CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.
See Also
- Five stocks we like better than CarMax
- MarketBeat Week in Review – 6/26 – 6/30
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.
