The President & CEO of CarMax is Exercising Options

Yesterday it was reported that the President & CEO of CarMax (KMXResearch Report), William D. Nash, exercised options to sell 58,674 KMX shares at $51.63 a share, for a total transaction value of $6.23M.

Following William D. Nash’s last KMX Sell transaction on April 09, 2015, the stock climbed by 31.4%. In addition to William D. Nash, 5 other KMX executives reported Sell trades in the last month.

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Based on CarMax’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $5.18 billion and quarterly net profit of $235 million. In comparison, last year the company earned revenue of $4.79 billion and had a net profit of $173 million. The company has a one-year high of $109.31 and a one-year low of $37.59. Currently, CarMax has an average volume of 973.53K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $124.38, reflecting a -14.8% downside.

The insider sentiment on CarMax has been negative according to 69 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

William D. Nash’s trades have generated a -2.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.