CarMax, Inc (NYSE:KMX) Director Thomas J. Folliard sold 50,583 shares of the stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $60.78, for a total transaction of $3,074,434.74. Following the completion of the transaction, the director now directly owns 379,465 shares in the company, valued at $23,063,882.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of KMX stock traded up $0.72 on Friday, hitting $61.72. The company’s stock had a trading volume of 2,873,709 shares, compared to its average volume of 2,287,489. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.57 and a current ratio of 2.61. CarMax, Inc has a fifty-two week low of $55.05 and a fifty-two week high of $77.64. The company has a market capitalization of $10,941.30, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.55.
CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). CarMax had a net margin of 3.88% and a return on equity of 21.09%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue was up .8% on a year-over-year basis. analysts forecast that CarMax, Inc will post 4.32 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in KMX. Green Square Capital LLC acquired a new stake in CarMax during the fourth quarter worth about $346,000. D.B. Root & Company LLC acquired a new stake in CarMax during the fourth quarter worth about $253,000. Xact Kapitalforvaltning AB grew its stake in CarMax by 4.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 38,424 shares of the company’s stock worth $2,464,000 after buying an additional 1,702 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in CarMax by 11.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 71,385 shares of the company’s stock worth $4,578,000 after buying an additional 7,593 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in CarMax by 24.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 105,870 shares of the company’s stock worth $6,789,000 after buying an additional 20,632 shares in the last quarter.
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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.
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