What Did This CEO Just Do with Personal Shares of KMX?

By George MacDonald

Today, the President & CEO of CarMax, Thomas Folliard, sold stocks of KMX for $2.12M.

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

Based on CarMax`s latest earnings report from November 30, the company posted quarterly revenue of $3.41B and quarterly net profit of $130M. In comparison, last year the company earned revenue of $3.08B and had a net profit of $99.21M. The company has a one year high of $75.4000 and a one year low of $42.7900. KMX’s market cap is $14.88B and the company has a P/E ratio of 25.9%.

Based on 2 analyst ratings, the analyst consensus is Hold with an average price target of $75.50, reflecting a -6.3% downside.

Looking at blogger coverage of KMX, there is a 76% 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 $44.47M worth of KMX shares and purchased $5.36M worth of KMX shares. Over the last 3 months, the insider sentiment on CarMax has been neutral based on 68 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

CarMax Inc together with its wholly owned subsidiaries is engaged in sales of used vehicles in the United States. It operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance.