CarMax, Inc (NYSE:KMX) – Research analysts at William Blair raised their Q4 2018 earnings per share (EPS) estimates for shares of CarMax in a note issued to investors on Monday. William Blair analyst S. Zackfia now expects that the company will earn $0.87 per share for the quarter, up from their previous forecast of $0.86. William Blair also issued estimates for CarMax’s Q1 2019 earnings at $1.21 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.97 EPS and FY2020 earnings at $4.62 EPS.

KMX has been the topic of a number of other research reports. Citigroup lifted their target price on shares of CarMax to $84.00 and gave the stock a “buy” rating in a research report on Monday, September 25th. Zacks Investment Research cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Goldman Sachs Group cut shares of CarMax from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. Wedbush reiterated an “outperform” rating and issued a $81.00 target price (up previously from $77.00) on shares of CarMax in a research report on Monday, September 25th. Finally, CIBC reiterated a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.00.

Shares of CarMax (NYSE:KMX) traded down $1.11 during trading hours on Tuesday, reaching $66.86. 1,379,637 shares of the company were exchanged, compared to its average volume of 2,214,004. The stock has a market cap of $12,303.63, a PE ratio of 18.54, a PEG ratio of 1.14 and a beta of 1.48. CarMax has a one year low of $54.29 and a one year high of $77.64. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year.

In related news, SVP Diane L. Cafritz sold 5,671 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $73.95, for a total transaction of $419,370.45. Following the transaction, the senior vice president now owns 7,475 shares in the company, valued at $552,776.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. Insiders sold 625,955 shares of company stock worth $46,214,378 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of CarMax by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after buying an additional 380,038 shares during the period. BlackRock Inc. increased its position in shares of CarMax by 0.5% during the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after buying an additional 53,840 shares during the period. Principal Financial Group Inc. increased its position in shares of CarMax by 1.5% during the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock valued at $706,487,000 after buying an additional 142,175 shares during the period. Broad Run Investment Management LLC increased its position in shares of CarMax by 0.9% during the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock valued at $212,969,000 after buying an additional 29,846 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of CarMax by 751.0% during the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after buying an additional 1,895,763 shares during the period.

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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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