A Director at CarMax (NYSE: KMX) is Selling Shares

By Carrie Williams

Today, a Director at CarMax (NYSE: KMX), Thomas Folliard, sold shares of KMX for $3.07M.

In addition to Thomas Folliard, 2 other KMX executives reported Sell trades in the last month.

Based on CarMax’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $4.08 billion and quarterly net profit of $122 million. In comparison, last year the company earned revenue of $4.05 billion and had a net profit of $153 million. The company has a one-year high of $77.64 and a one-year low of $55.05. KMX’s market cap is $10.96B and the company has a P/E ratio of 16.99.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $78.71, reflecting a -21.6% downside. Three different firms, including Credit Suisse and Goldman Sachs, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $3.29M worth of KMX shares and purchased $310.6K worth of KMX shares. The insider sentiment on CarMax has been negative according to 60 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Thomas Folliard’s trades have generated a -8.2% 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 operates as a retailer of used vehicles and wholesale vehicle auction operator. It operates through the following segments: CarMax Sales Operations and CarMax Auto Finance.