CarMax, Inc (NYSE:KMX) – Analysts at Wedbush decreased their Q1 2019 earnings per share (EPS) estimates for CarMax in a research report issued on Wednesday. Wedbush analyst S. Basham now forecasts that the company will earn $1.40 per share for the quarter, down from their previous estimate of $1.43. Wedbush has a “Outperform” rating and a $81.00 price target on the stock. Wedbush also issued estimates for CarMax’s Q2 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.24 EPS and FY2020 earnings at $5.49 EPS.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.
Shares of CarMax (KMX) traded up $0.04 during midday trading on Friday, hitting $70.58. The company had a trading volume of 1,202,842 shares, compared to its average volume of 2,484,577. The company has a market cap of $12,760.00, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.23 and a beta of 1.48. CarMax has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.
Institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in shares of CarMax by 6.1% in the 3rd quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of CarMax in the 3rd quarter worth $1,445,000. Toronto Dominion Bank raised its stake in shares of CarMax by 24.2% in the 2nd quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after buying an additional 12,234 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of CarMax by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after buying an additional 8,205 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of CarMax by 6.4% in the 3rd quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after buying an additional 4,767 shares in the last quarter.
In other news, Director William R. Tiefel sold 13,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $75.30, for a total value of $978,900.00. Following the sale, the director now owns 151,659 shares of the company’s stock, valued at approximately $11,419,922.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was 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 in the company, valued at approximately $34,842,071.52. The disclosure for this sale can be found here. Insiders have sold a total of 72,037 shares of company stock worth $5,140,835 in the last ninety days. 1.70% of the stock is owned by company 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.
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