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

CarMax, Inc. (NYSE:KMX) EVP Mohammad Shamim sold 12,845 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $961,811.72. The trade was a 52.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Performance

NYSE KMX opened at $78.46 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The business has a 50 day simple moving average of $81.65 and a two-hundred day simple moving average of $78.87. The stock has a market capitalization of $12.07 billion, a PE ratio of 29.50, a P/E/G ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, research analysts predict that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC raised their price objective on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Finally, Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax currently has an average rating of “Hold” and an average price target of $85.17.

Institutional Trading of CarMax

A number of large investors have recently made changes to their positions in the business. World Investment Advisors LLC purchased a new position in CarMax in the third quarter worth about $6,942,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC purchased a new position in shares of CarMax in the 3rd quarter worth approximately $747,000. Neo Ivy Capital Management bought a new position in shares of CarMax during the 3rd quarter valued at approximately $3,934,000. Finally, iSAM Funds UK Ltd purchased a new stake in CarMax during the 3rd quarter valued at $537,000.

About CarMax

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.