CarMax, Inc. (NYSE:KMX - Get Free Report) Director Mitchell D. Steenrod bought 1,300 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CarMax Price Performance
CarMax stock opened at $65.04 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The company has a market cap of $9.93 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The business has a fifty day moving average of $74.28 and a two-hundred day moving average of $78.44.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on KMX shares. Needham & Company LLC dropped their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a report on Friday, April 11th. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday, April 21st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CarMax has an average rating of "Hold" and a consensus price target of $87.73.
View Our Latest Research Report on CarMax
Institutional Investors Weigh In On CarMax
Several institutional investors and hedge funds have recently made changes to their positions in the business. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP increased its position in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after buying an additional 249 shares in the last quarter. Ameriflex Group Inc. purchased a new position in CarMax during the fourth quarter worth $53,000. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the fourth quarter worth $58,000. Finally, Colonial Trust Co SC lifted its position in shares of CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after acquiring an additional 693 shares in the last quarter.
CarMax Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
