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.

Several other equities research analysts have also commented on the company. Deutsche Bank lowered CarMax from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research note on Friday, November 17th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Wedbush restated an “outperform” rating and set a $77.00 price objective (up from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. Oppenheimer restated a “buy” rating on shares of CarMax in a research report on Friday, September 1st. Finally, Goldman Sachs Group downgraded CarMax from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CarMax presently has a consensus rating of “Hold” and a consensus target price of $77.00.

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.

Earnings History and Estimates for CarMax (NYSE:KMX)

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