Analysts expect CarMax, Inc (NYSE:KMX) to report $1.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for CarMax’s earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.18. CarMax posted earnings of $0.98 per share during the same quarter last year, which suggests a positive year over year growth rate of 23.5%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, September 26th.
On average, analysts expect that CarMax will report full-year earnings of $4.60 per share for the current year, with EPS estimates ranging from $4.53 to $4.77. For the next financial year, analysts anticipate that the firm will report earnings of $5.02 per share, with EPS estimates ranging from $4.75 to $5.25. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover CarMax.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.09. CarMax had a return on equity of 21.54% and a net margin of 3.98%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, July 10th. Gabelli initiated coverage on CarMax in a research note on Wednesday, June 6th. They issued a “buy” rating and a $95.00 target price on the stock. Robert W. Baird raised their target price on CarMax from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, June 25th. Buckingham Research cut CarMax from a “buy” rating to a “neutral” rating and raised their target price for the company from $75.00 to $84.00 in a research note on Monday, June 25th. They noted that the move was a valuation call. Finally, Guggenheim cut CarMax from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Monday, June 25th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $83.53.
KMX traded up $0.01 during trading hours on Friday, hitting $78.86. 1,614,313 shares of the stock were exchanged, compared to its average volume of 1,853,160. CarMax has a 12 month low of $57.05 and a 12 month high of $81.67. The stock has a market capitalization of $13.78 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.57. The company has a debt-to-equity ratio of 3.80, a current ratio of 2.30 and a quick ratio of 0.54.
In other news, Director Thomas J. Folliard sold 37,500 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $77.37, for a total transaction of $2,901,375.00. Following the transaction, the director now directly owns 211,879 shares of the company’s stock, valued at $16,393,078.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Darren C. Newberry sold 1,831 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $73.80, for a total value of $135,127.80. Following the transaction, the senior vice president now directly owns 2,481 shares in the company, valued at $183,097.80. The disclosure for this sale can be found here. Insiders sold 666,816 shares of company stock worth $50,495,526 over the last quarter. 1.97% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of KMX. Archford Capital Strategies LLC acquired a new position in shares of CarMax during the first quarter valued at $100,000. Piedmont Investment Advisors LLC acquired a new position in shares of CarMax during the second quarter valued at $149,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of CarMax by 57.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after purchasing an additional 750 shares during the period. Fortis Advisors LLC grew its holdings in CarMax by 50.0% during the first quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares during the period. Finally, Federated Investors Inc. PA acquired a new position in CarMax during the second quarter worth about $189,000.
CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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