CarMax Inc EVP, General Counsel & CCO Diane Cafritz Sells 22,000 Shares
On January 26, 2024, Diane Cafritz, the EVP, General Counsel & CCO of CarMax Inc (NYSE:KMX), sold 22,000 shares of the company. The transaction was filed with the SEC and can be found in detail here.
CarMax Inc is a retailer of used vehicles and also provides related services such as vehicle financing, warranties, and insurance. The company operates through two segments: CarMax Sales Operations and CarMax Auto Finance. It has a large network of stores across the United States and offers customers a wide selection of vehicles through its online and physical locations.
Over the past year, the insider has sold a total of 26,436 shares and has not made any purchases. The recent sale of 22,000 shares is part of this activity.
The insider transaction history for CarMax Inc shows a pattern of selling, with 0 insider buys and 13 insider sells over the past year.
On the valuation front, CarMax Inc's shares were trading at $70.08 on the day of the insider's recent transaction, giving the company a market cap of $11.52 billion. The price-earnings ratio stands at 23.16, which is above both the industry median of 17.11 and the company's historical median.
According to the GuruFocus Value, with a price of $70.08 and a GF Value of $80.14, CarMax Inc has a price-to-GF-Value ratio of 0.87, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
