CarMax, Inc (NYSE:KMX) – Stock analysts at William Blair lifted their Q4 2019 earnings per share estimates for shares of CarMax in a research report issued to clients and investors on Tuesday, September 18th, according to Zacks Investment Research. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $1.06 for the quarter, up from their previous estimate of $1.05. William Blair also issued estimates for CarMax’s FY2020 earnings at $5.09 EPS.
CarMax (NYSE:KMX) last released its earnings results on Wednesday, September 26th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.02. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year.
Several other research firms have also commented on KMX. ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Credit Suisse Group increased their price target on shares of CarMax from $81.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, June 25th. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of CarMax in a research report on Thursday, August 16th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, July 10th. Finally, Wolfe Research initiated coverage on shares of CarMax in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. CarMax currently has a consensus rating of “Buy” and a consensus price target of $83.93.
Shares of KMX stock traded up $0.01 on Friday, hitting $67.86. 1,896,054 shares of the company’s stock traded hands, compared to its average volume of 1,848,999. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. CarMax has a one year low of $57.05 and a one year high of $81.67. The firm has a market cap of $13.18 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.21 and a beta of 1.59.
In other news, SVP Mohammad Shamim sold 34,142 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $74.16, for a total value of $2,531,970.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Nash sold 74,130 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $77.25, for a total transaction of $5,726,542.50. Following the completion of the sale, the chief executive officer now directly owns 150,631 shares of the company’s stock, valued at $11,636,244.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,603 shares of company stock valued at $11,295,016. Corporate insiders own 1.97% of the company’s stock.
Several large investors have recently bought and sold shares of KMX. Victory Capital Management Inc. lifted its position in shares of CarMax by 65.7% in the 1st quarter. Victory Capital Management Inc. now owns 45,657 shares of the company’s stock worth $2,828,000 after purchasing an additional 18,100 shares during the period. Neuberger Berman Group LLC increased its stake in shares of CarMax by 1.5% in the 1st quarter. Neuberger Berman Group LLC now owns 309,391 shares of the company’s stock worth $19,163,000 after acquiring an additional 4,603 shares in the last quarter. US Bancorp DE increased its stake in shares of CarMax by 20.6% in the 1st quarter. US Bancorp DE now owns 33,903 shares of the company’s stock worth $2,099,000 after acquiring an additional 5,791 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of CarMax by 12.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,075 shares of the company’s stock worth $438,000 after acquiring an additional 809 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of CarMax in the 1st quarter worth about $923,000.
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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