CarMax Inc (NYSE:KMX) – Oppenheimer Holdings increased their FY2018 EPS estimates for shares of CarMax in a report released on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the company will post earnings per share of $3.75 for the year, up from their previous forecast of $3.72. Oppenheimer Holdings has a “Market Perform” rating and a $80.00 price target on the stock.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.

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A number of other analysts have also recently weighed in on the stock. CIBC restated a “market perform” rating on shares of CarMax in a report on Thursday. UBS AG downgraded shares of CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday. Berenberg Bank started coverage on shares of CarMax in a research report on Wednesday. They issued a “hold” rating and a $83.00 price target for the company. Credit Suisse Group AG upped their price target on shares of CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $75.00 price target (up previously from $66.00) on shares of CarMax in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $77.93.

CarMax (KMX) traded up 0.29% during midday trading on Friday, hitting $76.59. 428,486 shares of the stock were exchanged. CarMax has a 52 week low of $47.50 and a 52 week high of $77.64. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 22.00 and a beta of 1.38. The firm’s 50-day moving average is $69.26 and its 200 day moving average is $63.64.

In other CarMax news, Director William R. Tiefel sold 23,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total value of $1,756,970.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $76.03, for a total transaction of $608,240.00. Following the completion of the sale, the director now owns 479,572 shares of the company’s stock, valued at approximately $36,461,859.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 631,832 shares of company stock valued at $45,817,705. Insiders own 1.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Korea Investment CORP lifted its position in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in CarMax in the 2nd quarter worth approximately $112,000. Seven Eight Capital LP purchased a new stake in CarMax in the 2nd quarter worth approximately $133,000. YorkBridge Wealth Partners LLC lifted its position in CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after buying an additional 29 shares in the last quarter. Finally, QS Investors LLC lifted its position in CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after buying an additional 22 shares in the last quarter.

About CarMax

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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