CarMax Inc (NYSE:KMX) – Stock analysts at Oppenheimer Holdings increased their FY2018 earnings estimates for CarMax in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Nagel now forecasts that the company will post earnings of $3.72 per share for the year, up from their prior forecast of $3.60. Oppenheimer Holdings currently has a “Buy” rating and a $72.00 target price on the stock.

Several other brokerages have also recently weighed in on KMX. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, March 9th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $74.00 price target (up from $72.00) on shares of CarMax in a research report on Thursday. Deutsche Bank AG reiterated a “buy” rating and set a $73.00 price target (up from $71.00) on shares of CarMax in a research report on Thursday. Finally, Bank of America Corporation reiterated a “buy” rating and set a $82.00 price target (up from $80.00) on shares of CarMax in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.54.

Earnings History and Estimates for CarMax (NYSE:KMX)

TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for CarMax Inc Boosted by Analyst (KMX)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/06/26/fy2018-eps-estimates-for-carmax-inc-boosted-by-analyst-kmx.html.

Shares of CarMax (NYSE:KMX) opened at 61.71 on Monday. The firm has a market capitalization of $11.46 billion, a P/E ratio of 18.93 and a beta of 1.25. The stock has a 50 day moving average of $61.63 and a 200-day moving average of $62.75. CarMax has a 1-year low of $45.06 and a 1-year high of $69.11.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year.

In related news, Director Edgar H. Grubb sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $58.24, for a total value of $116,480.00. Following the transaction, the director now directly owns 42,005 shares in the company, valued at $2,446,371.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Bank & Trust boosted its position in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after buying an additional 169 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of CarMax during the fourth quarter worth approximately $205,000. Finally, Pacer Advisors Inc. boosted its position in shares of CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares during the last quarter.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Receive News & Ratings for CarMax Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc and related companies with MarketBeat.com's FREE daily email newsletter.