CarMax (NYSE:KMX) was the recipient of some unusual options trading on Wednesday. Investors acquired 3,879 call options on the stock. This is an increase of approximately 1,305% compared to the typical daily volume of 276 call options.
In other CarMax news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction on Friday, April 6th. The shares were purchased at an average price of $62.12 per share, with a total value of $310,600.00. Following the purchase, the director now directly owns 5,165 shares of the company’s stock, valued at $320,849.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William C. Jr. Wood sold 49,714 shares of CarMax stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $63.01, for a total value of $3,132,479.14. Following the sale, the chief operating officer now directly owns 87,173 shares in the company, valued at approximately $5,492,770.73. The disclosure for this sale can be found here. Insiders have sold a total of 120,297 shares of company stock worth $7,483,514 in the last ninety days. 1.97% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Archford Capital Strategies LLC bought a new stake in shares of CarMax in the 1st quarter worth $100,000. Cerebellum GP LLC acquired a new stake in shares of CarMax during the fourth quarter worth $121,000. Captrust Financial Advisors acquired a new stake in shares of CarMax during the fourth quarter worth $134,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of CarMax during the fourth quarter worth $156,000. Finally, Virtue Capital Management LLC acquired a new stake in shares of CarMax during the fourth quarter worth $169,000.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.10). CarMax had a return on equity of 21.09% and a net margin of 3.88%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. research analysts forecast that CarMax will post 4.34 EPS for the current year.
Several analysts have weighed in on KMX shares. UBS raised CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 18th. Credit Suisse Group cut their target price on CarMax from $83.00 to $71.54 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Oppenheimer raised CarMax from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $80.00 to $88.00 in a research note on Thursday, January 18th. TheStreet downgraded CarMax from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $61.94 target price (down previously from $75.00) on shares of CarMax in a research note on Monday, April 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. CarMax has a consensus rating of “Buy” and an average price target of $78.40.
CarMax Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.
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