Carmax Inc (KMX): Thomas J Folliard , CEO of Carmax Inc sold 18,906 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $52.27 per share for a total value of $988,216.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Edgar H Grubb (director) sold 2,000 shares at $55.49 per share price.On Apr 28, 2016, Natalie L Wyatt (VP, Controller & PAO) sold 1,366 shares at $55.18 per share price.Also, On Apr 13, 2016, Shira Goodman (director) sold 7,610 shares at $51.25 per share price.On Apr 13, 2016, Alan B. Colberg (director) purchased 1,000 shares at $51.78 per share price.
Shares of CarMax Inc (KMX) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.63 points or -1.21% at $51.29 with 18,69,303 shares getting traded. Post opening the session at $51.55, the shares hit an intraday low of $50.99 and an intraday high of $52.19 and the price vacillated in this range throughout the day. The company has a market cap of $9,941 M and the number of outstanding shares has been calculated to be 19,38,29,170 shares. The 52-week high of CarMax Inc is $73.76 and the 52-week low is $41.25.
Company has been under the radar of several Street Analysts.CarMax Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 54 from a previous price target of $53 .The Rating was issued on Apr 8, 2016.CarMax Inc is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 28, 2016.CarMax Inc is Downgraded by Northcoast to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 11, 2016.
CarMax Inc. (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations excluding financing provided by CAF. The CarMax Sales Operations segment sells used vehicles purchases used vehicles from customers and other sources sells related products and services and arranges financing options for customers. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The CAF products and services include retail merchandising wholesale auctions extended protection plans (EPPs) reconditioning and service and customer credit.