Today it was reported that the SVP, CAF of CarMax (KMX), Jon Daniels, exercised options to sell 36,595 KMX shares at $51.63 a share, for a total transaction value of $3.16M.
Following Jon Daniels’ last KMX Sell transaction on October 30, 2018, the stock climbed by 18.7%. In addition to Jon Daniels, 4 other KMX executives reported Sell trades in the last month.
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Based on CarMax’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $5.37 billion and quarterly net profit of $267 million. In comparison, last year the company earned revenue of $4.79 billion and had a net profit of $239 million. KMX’s market cap is $14.37B and the company has a P/E ratio of 17.22. Currently, CarMax has an average volume of 2.17M.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $94.60, reflecting a 8.9% upside.
The insider sentiment on CarMax has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jon Daniels’ trades have generated a -6.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.
