Carmax Inc (KMX): Eric M Margolin , EVP, Gen. Counsel & Secretary of Carmax Inc sold 57,894 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $55.52 per share for a total value of $3,214,275.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 20, 2016, Thomas J Folliard (CEO) sold 271,435 shares at $55.22 per share price.On Jul 18, 2016, Thomas W Jr Reedy (EVP & CFO) sold 57,795 shares at $55.45 per share price.Also, On Jul 15, 2016, Jon G Daniels (SVP, CAF) sold 11,191 shares at $55.40 per share price.On Jul 11, 2016, Eric M Margolin (EVP, Gen. Counsel & Secretary) sold 2,000 shares at $52.95 per share price.
CarMax Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in CarMax Inc which led to swings in the share price. The shares opened for trading at $55.11 and hit $55.81 on the upside , eventually ending the session at $55.47, with a gain of 0.43% or 0.24 points. The heightened volatility saw the trading volume jump to 19,87,471 shares. The 52-week high of the share price is $68.8 and the company has a market cap of $10,621 M . The 52-week low of the share price is at $41.25.
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.