Recent Insider Trading: CarMax Inc $KMX

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CarMax Inc (NYSE:KMX) insider have most recently took part in a trading activity. On Dec 29, 2017 Grafton W Robert, Director bought 35 shares having total worth of $2,280 at the price of $65.15 per share, following the transaction a total of 37,369 shares owned by Grafton W Robert.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 sell activities .Furthermore, over the past 12 months , the stock was traded 27 times by insiders. In 27 of these trades, the insider was a seller .

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 8 1.43%
12 Month 0 27 11.75%

Shares of CarMax Inc (NYSE:KMX) traded up 0.98% on Jan 2, 2018, hitting $64.76. 2,715,325 shares of the company’s stock traded hands. CarMax Inc has a 52 week low of $48.65 and a 52 week high of $76.81. The company’s market cap is $10,280 million.

CarMax Inc (NYSE:KMX) last announced its earnings results on Dec 21, 2017. The company reported 0.81 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.81. The company had revenue of $4,107 million for the quarter, compared to the consensus estimate of $3,990 million. During the same quarter in the previous year, the company posted 0.72 earnings per share. The company’s revenue for the quarter was up 11% on a year-over-year basis.

2017-12-21 2017-09-22 2017-06-21 2017-04-06 2016-12-20 2016-09-21 2016-06-21 2016-04-07 2015-12-18 2015-09-22
earnings per share 0.81 0.98 1.13 0.81 0.72 0.88 0.90 0.74 0.63 0.79
Revenue(M) 4107 4387 4542 4050 3702 3997 4126 3706 3544 3885

CarMax, Inc., was incorporated under the laws of the Commonwealth of Virginia in 1996. It is a holding company and its operations are conducted through its subsidiaries. Under the ownership of Circuit City Stores, Inc. (Circuit City), it began operations in 1993 with the opening of its first CarMax superstore in Richmond, Virginia. In 1997, Circuit City completed the initial public offering of a tracking stock, Circuit City Stores, Inc.-CarMax Group common stock, which was intended to track separately the performance of the CarMax operations. On October 1, 2002, the CarMax business was separated from Circuit City through a tax-free transaction, becoming an independent, separately traded public company. The Company together with its wholly owned subsidiaries is a retailer of used vehicles in the United States. It operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance (‘CAF’). Its CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. Its CAF segment consists solely of its own finance operation that provides vehicle financing through CarMax superstores. It offers a selection of used vehicles at competitively low, ‘no-haggle’ prices using a customer-friendly sales process in an attractive, modern sales facility. The CarMax consumer offer provides customers the opportunity to shop for vehicles the same way they shop for items at other ‘big-box’ retailers, and it is structured around four customer benefits: low, no-haggle prices; quality vehicles; and a customer-friendly sales process. It provides customers with related products and services, including the financing of vehicle purchases through CarMax Auto Finance (CAF), its own finance operation, and third-party financing providers; the sale of extended service plans and accessories; the appraisal and purchase vehicles directly from consumers; and vehicle repair service. It offers customers a selection of makes and models of used vehicles, including both domestic and imported vehicles, at competitive prices. The Company’s used car selection covers popular brands from manufacturers such as Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen and luxury brands such as Acura, BMW, Infiniti, Lexus and Mercedes. The Company’s main focus is vehicles that are 1 to 6 years old, have fewer than 60,000 miles and generally range in price from $12,000 to $34,000. An integral part of its used car consumer offer is the reconditioning process. This process includes a Certified Quality Inspection of the engine and all major systems, including cooling, fuel, drivetrain, transmission, electronics, suspension, brakes, steering, air conditioning and other equipment, as well as the interior and exterior of the vehicle. Vehicles purchased through its in-store appraisal process that do not meet its retail standards are sold through on-site

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.