What Did This CEO Just Do with Personal Shares of CarMax (NYSE: KMX)?

By George MacDonald

Today, the President & CEO of CarMax (NYSE: KMX), Thomas Folliard, sold shares of KMX for $988.2k.

In addition to Thomas Folliard, 15 other KMX executives reported Sell trades in the last month.

Based on CarMax`s latest earnings report from February 29, the company posted quarterly revenue of $3.71B and quarterly net profit of $141M. In comparison, last year the company earned revenue of $3.51B and had a net profit of $143.1M. The company has a one year high of $73.76 and a one year low of $41.25. KMX’s market cap is $10.11B and the company has a P/E ratio of 17.19%.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $60.33, reflecting a -15.0% downside.

Looking at blogger coverage of KMX, there is a 56% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $1.69M worth of KMX shares and purchased $1.61M worth of KMX shares. Over the last 3 months, the insider sentiment on CarMax has been negative based on 37 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

CarMax, Inc. is as a holding company which, through its subsidiaries, operates as a retailer of used vehicles and wholesale vehicle auction operator. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment consists of all aspects of the auto merchandising and service operations, excluding financing provided by CarMax Auto Finance. The CarMax Auto Finance segment provides vehicle financing through CarMax superstores. It also offers financing solely to customers purchasing vehicles at CarMax, and offers qualifying customers an array of competitive rates and terms, allowing them to choose the one that best fits their needs. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.