Brokerages expect CarMax, Inc (NYSE:KMX) to report earnings per share of $1.01 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for CarMax’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $0.98. CarMax posted earnings of $0.81 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.7%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, December 21st.
On average, analysts expect that CarMax will report full-year earnings of $4.64 per share for the current year, with EPS estimates ranging from $4.56 to $4.83. For the next year, analysts expect that the firm will post earnings of $5.07 per share, with EPS estimates ranging from $4.90 to $5.25. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow CarMax.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.
A number of research analysts have recently weighed in on KMX shares. Morgan Stanley set a $89.00 price target on CarMax and gave the company a “buy” rating in a research report on Wednesday, August 29th. ValuEngine cut CarMax from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Robert W. Baird upgraded CarMax from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. Finally, Wedbush set a $87.00 price target on CarMax and gave the company a “buy” rating in a research report on Thursday, September 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. CarMax has a consensus rating of “Buy” and an average price target of $83.93.
In related news, SVP Mohammad Shamim sold 34,142 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 16,325 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $70.88, for a total value of $1,157,116.00. Following the sale, the senior vice president now directly owns 16,325 shares in the company, valued at approximately $1,157,116. The disclosure for this sale can be found here. 1.97% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KMX. CWM LLC boosted its stake in CarMax by 266.0% in the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after buying an additional 1,048 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in CarMax in the 3rd quarter worth about $123,000. JNBA Financial Advisors boosted its stake in CarMax by 3,526.9% in the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after buying an additional 1,834 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in CarMax in the 2nd quarter worth about $149,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in CarMax by 57.7% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock worth $149,000 after buying an additional 750 shares during the last quarter.
Shares of KMX stock opened at $62.56 on Friday. CarMax has a fifty-two week low of $57.05 and a fifty-two week high of $81.67. The firm has a market capitalization of $11.27 billion, a PE ratio of 16.91, a PEG ratio of 0.94 and a beta of 1.60. The company has a debt-to-equity ratio of 3.78, a current ratio of 2.35 and a quick ratio of 0.52.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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