CarMax, Inc (NYSE:KMX) – Investment analysts at Oppenheimer lowered their FY2018 earnings estimates for CarMax in a research note issued on Thursday. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings of $3.75 per share for the year, down from their previous estimate of $3.77. Oppenheimer has a “Outperform” rating and a $88.00 price target on the stock. Oppenheimer also issued estimates for CarMax’s FY2019 earnings at $4.45 EPS.
CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis.
CarMax (NYSE:KMX) opened at $70.58 on Monday. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. The stock has a market cap of $12,764.25, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.48. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.
In related news, Director William R. Tiefel sold 13,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $75.30, for a total value of $978,900.00. Following the completion of the transaction, the director now owns 151,659 shares of the company’s stock, valued at approximately $11,419,922.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total transaction of $478,064.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,037 shares of company stock valued at $5,140,835. 1.90% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its stake in CarMax by 146.6% in the 4th quarter. State of Alaska Department of Revenue now owns 28,210 shares of the company’s stock valued at $1,808,000 after purchasing an additional 16,770 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in CarMax by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 694,676 shares of the company’s stock valued at $44,550,000 after purchasing an additional 32,556 shares during the last quarter. Marathon Asset Management LLP lifted its stake in CarMax by 1.6% in the 4th quarter. Marathon Asset Management LLP now owns 753,447 shares of the company’s stock valued at $48,319,000 after purchasing an additional 12,139 shares during the last quarter. Creative Planning lifted its stake in CarMax by 34.4% in the 4th quarter. Creative Planning now owns 5,706 shares of the company’s stock valued at $366,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in CarMax by 19.4% in the 4th quarter. Bank of Montreal Can now owns 132,461 shares of the company’s stock valued at $8,496,000 after purchasing an additional 21,500 shares during the last quarter.
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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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