Stock Traders Buy Large Volume of CarMax Call Options (KMX)

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.

KMX opened at $65.90 on Thursday. CarMax has a one year low of $65.03 and a one year high of $66.13. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.57 and a current ratio of 2.61. The firm has a market capitalization of $11.61 billion, a PE ratio of 17.61, a PEG ratio of 1.04 and a beta of 1.53.

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.

About CarMax

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.

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.



Latest News

Target  Issues FY19 Earnings Guidance
Target Issues FY19 Earnings Guidance
12,600 Shares in Uniqure NV  Purchased by DekaBank Deutsche Girozentrale
12,600 Shares in Uniqure NV Purchased by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Reduces Stake in Spectrum Brands
DekaBank Deutsche Girozentrale Reduces Stake in Spectrum Brands
DekaBank Deutsche Girozentrale Purchases New Position in Dun & Bradstreet
DekaBank Deutsche Girozentrale Purchases New Position in Dun & Bradstreet
SG Americas Securities LLC Acquires Shares of 16,011 ALLETE Inc
SG Americas Securities LLC Acquires Shares of 16,011 ALLETE Inc
Helmerich & Payne, Inc.  CFO Juan Pablo Tardio Sells 52,781 Shares of Stock
Helmerich & Payne, Inc. CFO Juan Pablo Tardio Sells 52,781 Shares of Stock


Leave a Reply

© 2006-2018 Ticker Report. Google+.