Equities analysts expect that CarMax, Inc (NYSE:KMX) will report earnings of $0.89 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CarMax’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $1.01. CarMax reported earnings per share of $0.81 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The company is expected to announce its next earnings report before the market opens on Wednesday, April 4th.
On average, analysts expect that CarMax will report full year earnings of $3.82 per share for the current financial year, with EPS estimates ranging from $3.75 to $3.93. For the next fiscal year, analysts anticipate that the company will report earnings of $4.42 per share, with EPS estimates ranging from $3.93 to $5.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover CarMax.
CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS.
In other CarMax news, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $71.78, for a total value of $1,435,600.00. Following the completion of the transaction, the executive vice president now directly owns 41,051 shares in the company, valued at approximately $2,946,640.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total value of $512,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,584 shares of company stock valued at $4,605,664. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of CarMax in the 4th quarter valued at about $121,000. Tredje AP fonden purchased a new position in CarMax in the 3rd quarter valued at approximately $144,000. Captrust Financial Advisors purchased a new position in CarMax in the 4th quarter valued at approximately $134,000. Prime Capital Investment Advisors LLC purchased a new position in CarMax in the 4th quarter valued at approximately $156,000. Finally, Virtue Capital Management LLC acquired a new stake in CarMax during the 4th quarter valued at $169,000. 99.91% of the stock is currently owned by institutional investors and hedge funds.
CarMax (NYSE KMX) opened at $62.43 on Monday. The firm has a market cap of $11,290.34, a PE ratio of 16.74, a P/E/G ratio of 0.95 and a beta of 1.61. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. CarMax has a 1 year low of $54.29 and a 1 year high of $77.64.
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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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