Brokers Issue Forecasts for CarMax, Inc’s Q3 2018 Earnings (KMX)
CarMax, Inc (NYSE:KMX) – Investment analysts at William Blair raised their Q3 2018 earnings estimates for CarMax in a research note issued to investors on Monday. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.80 for the quarter, up from their prior estimate of $0.78. William Blair also issued estimates for CarMax’s FY2018 earnings at $3.78 EPS and FY2019 earnings at $4.12 EPS.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS.
Shares of CarMax (NYSE KMX) traded down $1.11 during trading hours on Wednesday, hitting $66.86. The stock had a trading volume of 1,379,600 shares, compared to its average volume of 2,214,004. The stock has a market cap of $12,130.00, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64.
Institutional investors and hedge funds have recently modified their holdings of the business. Korea Investment CORP raised its holdings in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after acquiring an additional 1,033 shares during the last quarter. Tredje AP fonden acquired a new stake in shares of CarMax during the 3rd quarter worth $144,000. Seven Eight Capital LP acquired a new stake in shares of CarMax during the 2nd quarter worth $133,000. YorkBridge Wealth Partners LLC increased its holdings in shares of CarMax by 1.3% during 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 during the last quarter. Finally, QS Investors LLC increased its holdings in shares of CarMax by 1.0% during 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 during the last quarter.
In other CarMax news, CEO William D. Nash sold 100,522 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $73.85, for a total value of $7,423,549.70. Following the completion of the transaction, the chief executive officer now directly owns 62,902 shares in the company, valued at approximately $4,645,312.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Diane L. Cafritz sold 5,671 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $73.95, for a total value of $419,370.45. Following the completion of the transaction, the senior vice president now owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Insiders have sold a total of 625,955 shares of company stock valued at $46,214,378 over the last 90 days. Insiders own 1.90% of the company’s stock.
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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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