CarMax, Inc (NYSE:KMX) – Oppenheimer raised their FY2018 earnings estimates for shares of CarMax in a research note issued on Sunday. Oppenheimer analyst B. Nagel now expects that the company will post earnings of $3.81 per share for the year, up from their previous forecast of $3.75. Oppenheimer currently has a “Outperform” rating and a $88.00 target price on the stock. Oppenheimer also issued estimates for CarMax’s Q4 2018 earnings at $0.88 EPS.
CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.
Shares of CarMax (NYSE KMX) opened at $62.62 on Wednesday. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70. The company has a market cap of $11,302.99, a PE ratio of 16.79, a P/E/G ratio of 0.95 and a beta of 1.61.
Hedge funds have recently bought and sold shares of the business. Green Square Capital LLC bought a new stake in shares of CarMax in the 4th quarter worth $346,000. D.B. Root & Company LLC bought a new stake in shares of CarMax in the 4th quarter worth $253,000. Xact Kapitalforvaltning AB raised its stake in shares of CarMax by 4.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 38,424 shares of the company’s stock worth $2,464,000 after buying an additional 1,702 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of CarMax by 11.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 71,385 shares of the company’s stock worth $4,578,000 after buying an additional 7,593 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of CarMax by 24.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 105,870 shares of the company’s stock worth $6,789,000 after buying an additional 20,632 shares in the last quarter.
In related news, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were 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. Insiders sold a total of 66,584 shares of company stock worth $4,605,664 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.
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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