Today it was reported that the SVP & CIO of CarMax (NYSE: KMX), Mohammad Shamim, exercised options to sell 34,142 KMX shares at $53.83 a share, for a total transaction value of $2.53M.
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Based on CarMax’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $4.77 billion and quarterly net profit of $221 million. In comparison, last year the company earned revenue of $4.39 billion and had a net profit of $181 million. KMX’s market cap is $12.82B and the company has a P/E ratio of 18.06. Currently, CarMax has an average volume of 1.55M.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.67, reflecting a 19.3% upside.
The insider sentiment on CarMax has been negative according to 77 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.
