CarMax (KMX) Announces Quarterly Earnings, Beats Estimates By $0.05 EPS
CarMax (NYSE:KMX) issued its quarterly earnings data on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05, Analyst Ratings Network.com reports. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share.
KMX has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of CarMax (NYSE:KMX) from $41.00 to $46.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. On a related note, analysts at Zacks reiterated a “hold” rating on shares of CarMax (NYSE:KMX) in a research note to investors on Friday. They now have a $48.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of CarMax (NYSE:KMX) from $52.00 to $61.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average price target of $48.83.
Shares of CarMax (NYSE:KMX) opened at 50.01 on Tuesday. CarMax has a 52 week low of $28.04 and a 52 week high of $52.27. The stock has a 50-day moving average of $49.46 and a 200-day moving average of $46.40. The company has a market cap of $11.181 billion and a P/E ratio of 25.16. CarMax also was the recipient of unusually large options trading activity on Monday. Stock traders purchased 11,028 put options on the stock. This is an increase of approximately 1,384% compared to the average volume of 743 put options.
CarMax, Inc (NYSE:KMX) is a holding company and its operations are conducted through its subsidiaries.
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