CarMax Inc (KMX) Scheduled to Post Earnings on Friday
CarMax Inc (NYSE:KMX) will be issuing its quarterly earnings data before the market opens on Friday, September 22nd. Analysts expect the company to announce earnings of $0.94 per share for the quarter.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) 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 business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts expect CarMax to post $3.720 EPS for the current fiscal year and $3.980 EPS for the next fiscal year.
CarMax Inc (KMX) opened at 69.44 on Friday. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 19.94 and a beta of 1.32. The stock’s 50 day moving average price is $65.95 and its 200 day moving average price is $62.67. CarMax Inc has a 52 week low of $47.50 and a 52 week high of $69.77.
In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $66.87, for a total value of $573,945.21. Following the transaction, the chief financial officer now directly owns 70,522 shares in the company, valued at approximately $4,715,806.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the completion of the transaction, 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. Insiders sold a total of 188,515 shares of company stock worth $12,085,019 over the last 90 days. Insiders own 1.70% of the company’s stock.
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Several analysts have recently issued reports on the stock. Deutsche Bank AG decreased their target price on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, August 16th. UBS AG cut shares of CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $74.00 target price (up from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average price target of $70.82.
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.
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