CarMax, Inc (NYSE:KMX) – Stock analysts at Oppenheimer decreased their Q4 2018 earnings per share (EPS) estimates for shares of CarMax in a note issued to investors on Thursday. Oppenheimer analyst B. Nagel now forecasts that the company will post earnings per share of $0.82 for the quarter, down from their prior forecast of $0.84. Oppenheimer has a “Outperform” rating and a $88.00 price objective on the stock. Oppenheimer also issued estimates for CarMax’s Q1 2019 earnings at $1.30 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $0.94 EPS, Q4 2019 earnings at $1.04 EPS and FY2020 earnings at $4.90 EPS.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The business had revenue of $4.11 billion for 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%. CarMax’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS.
Shares of CarMax (NYSE:KMX) traded up $0.04 during midday trading on Friday, reaching $70.58. 1,202,842 shares of the company were exchanged, compared to its average volume of 2,484,577. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a market capitalization of $12,760.00, a P/E ratio of 18.92, a PEG ratio of 1.23 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.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. QS Investors LLC increased its stake in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after buying an additional 29 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of CarMax by 2.3% during the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after buying an additional 160 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of CarMax by 0.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 88,144 shares of the company’s stock valued at $5,558,000 after buying an additional 248 shares during the last quarter. Finally, AXA grew its holdings in shares of CarMax by 1.8% during the second quarter. AXA now owns 16,700 shares of the company’s stock valued at $1,053,000 after buying an additional 300 shares during the last quarter.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $75.16, for a total value of $601,280.00. Following the completion of the sale, the director now directly owns 463,572 shares of the company’s stock, valued at $34,842,071.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William R. Tiefel sold 13,000 shares of CarMax stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $75.30, for a total transaction of $978,900.00. Following the completion of the sale, the director now directly owns 151,659 shares of the company’s stock, valued at $11,419,922.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,037 shares of company stock valued at $5,140,835. Insiders own 1.70% 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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