Today, the EVP of CarMax, Edwin Hill, exercised options of CarMax (NYSE: KMX) for $3.44M.
In addition to Edwin Hill, 10 other KMX executives reported Sell trades in the last month. Following Edwin Hill’s last KMX Sell transaction on October 16, 2017, the stock climbed by 1.1%.
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Based on CarMax’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $4.79 billion and quarterly net profit of $239 million. In comparison, last year the company earned revenue of $4.54 billion and had a net profit of $212 million. KMX’s market cap is $13.54B and the company has a P/E ratio of 20.21. Currently, CarMax has an average volume of 2.24M.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $86.50, reflecting a -11.5% downside. Three different firms, including Credit Suisse and Goldman Sachs, currently also have a Sell rating on the stock.
The insider sentiment on CarMax has been negative according to 88 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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CarMax, Inc. is as a holding company, which engages in retailing of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segment.
