CarMax, Inc (NYSE:KMX) – Equities research analysts at Wedbush upped their Q3 2019 earnings estimates for shares of CarMax in a report issued on Wednesday. Wedbush analyst S. Basham now forecasts that the company will post earnings of $1.07 per share for the quarter, up from their previous estimate of $1.03. Wedbush currently has a “Outperform” rating and a $81.00 target price on the stock.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS.

A number of other research analysts also recently issued reports on KMX. UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday. Wood & Company upgraded CarMax from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $80.00 to $88.00 in a research note on Thursday. Citigroup upped their price objective on CarMax to $84.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Susquehanna Bancshares restated a “neutral” rating and issued a $75.00 price objective (up previously from $66.00) on shares of CarMax in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $78.33.

Shares of CarMax (NYSE KMX) traded up $0.70 during trading hours on Thursday, reaching $70.54. The company’s stock had a trading volume of 1,159,203 shares, compared to its average volume of 2,591,392. The company has a market cap of $12,760.00, a P/E ratio of 18.91, a PEG ratio of 1.25 and a beta of 1.48. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64.

Institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. lifted its holdings in CarMax by 6.1% during the 3rd quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after purchasing an additional 15,545 shares in the last quarter. Magnetar Financial LLC purchased a new stake in CarMax during the 3rd quarter worth about $1,445,000. Toronto Dominion Bank lifted its holdings in CarMax by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after purchasing an additional 12,234 shares in the last quarter. California Public Employees Retirement System lifted its holdings in CarMax by 1.9% during the 3rd quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after purchasing an additional 8,205 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in CarMax by 6.4% during the 3rd quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after purchasing an additional 4,767 shares in the last quarter.

In other news, EVP Eric M. Margolin sold 4,453 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total transaction of $335,310.90. Following the completion of the transaction, the executive vice president now owns 22,051 shares in the company, valued at approximately $1,660,440.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.40, for a total value of $579,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,037 shares of company stock valued at $5,140,835 in the last quarter. 1.70% of the stock is owned by corporate insiders.

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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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