Carmax Inc (KMX) Files Form 4 Insider Selling : Jeffrey E Garten Sells 6,300 Shares

Carmax Inc (KMX): Jeffrey E Garten , director of Carmax Inc sold 6,300 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $53.41 per share for a total value of $336,483.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 16, 2016, William C Jr. Wood (EVP & COO) sold 37,948 shares at $59.53 per share price.On Aug 16, 2016, Eric M Margolin (EVP, Gen. Counsel & Secretary) sold 12,639 shares at $60.21 per share price.Also, On Jul 27, 2016, Edwin J Hill (EVP) sold 51,875 shares at $57.59 per share price.On Jul 20, 2016, Thomas J Folliard (CEO) sold 271,435 shares at $55.22 per share price.

CarMax Inc: On Tuesday, Sep 27, 2016 heightened volatility was witnessed in CarMax Inc which led to swings in the share price. The shares opened for trading at $53.57 and hit $54.11 on the upside , eventually ending the session at $53.7, with a gain of 0.21% or 0.11 points. The heightened volatility saw the trading volume jump to 15,45,405 shares. The 52-week high of the share price is $60.81 and the company has a market cap of $10,282 M . The 52-week low of the share price is at $41.25.

CarMax Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.CarMax Inc is Downgraded by Buckingham Research to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Sep 9, 2016.CarMax Inc is Initiated by Susquehanna to Positive and the brokerage firm has set the Price Target at $70. The Rating was issued on Aug 26, 2016.CarMax Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $44 .The Rating was issued on Aug 18, 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.

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CarMax Inc - Is it time to Sell?

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