CarMax Inc (NYSE:KMX) – Wedbush upped their Q4 2018 earnings per share (EPS) estimates for CarMax in a note issued to investors on Wednesday. Wedbush analyst S. Basham now expects that the company will post earnings of $0.88 per share for the quarter, up from their prior forecast of $0.85. Wedbush has a “Outperform” rating and a $77.00 price objective on the stock.

A number of other research firms have also weighed in on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Friday, September 1st. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub raised CarMax from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG dropped their price objective on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.82.

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CarMax (NYSE KMX) traded down 1.68% during mid-day trading on Friday, hitting $68.29. The company’s stock had a trading volume of 1,740,103 shares. The company’s 50 day moving average is $65.95 and its 200-day moving average is $62.67. The stock has a market cap of $12.51 billion, a P/E ratio of 19.61 and a beta of 1.32. CarMax has a 52-week low of $47.50 and a 52-week high of $69.66.

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

In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $66.87, for a total transaction of $573,945.21. Following the sale, the chief financial officer now directly owns 70,522 shares in the company, valued at $4,715,806.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the sale, the director now owns 509,166 shares in the company, valued at $31,267,884.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,515 shares of company stock valued at $12,085,019. 1.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Intl Fcstone Inc. purchased a new stake in CarMax during the second quarter valued at approximately $211,000. Toronto Dominion Bank raised its position in CarMax by 24.2% during the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock valued at $3,957,000 after purchasing an additional 12,234 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CarMax during the second quarter valued at approximately $2,345,000. WINTON GROUP Ltd purchased a new stake in CarMax during the second quarter valued at approximately $2,083,000. Finally, Sterling Capital Management LLC raised its position in CarMax by 1.8% during the second quarter. Sterling Capital Management LLC now owns 19,500 shares of the company’s stock valued at $1,230,000 after purchasing an additional 353 shares during the period.

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.

Earnings History and Estimates for CarMax (NYSE:KMX)

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