CarMax (NYSE:KMX) – Equities research analysts at William Blair increased their Q1 2019 earnings estimates for CarMax in a research report issued on Wednesday, April 18th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $1.27 per share for the quarter, up from their prior forecast of $1.21. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CarMax’s Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $1.03 EPS, FY2019 earnings at $4.35 EPS and FY2020 earnings at $4.82 EPS.
KMX has been the subject of a number of other reports. Wedbush reaffirmed an “outperform” rating and issued a $81.00 price target on shares of CarMax in a research note on Wednesday, January 10th. Credit Suisse Group cut their target price on shares of CarMax from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, April 6th. Bank of America cut their target price on shares of CarMax from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, April 5th. Susquehanna Bancshares set a $68.00 target price on shares of CarMax and gave the company a “hold” rating in a research note on Tuesday, December 26th. Finally, UBS raised shares of CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.40.
Shares of NYSE:KMX opened at $61.16 on Monday. The company has a market capitalization of $11,060.66, a PE ratio of 16.53, a P/E/G ratio of 0.98 and a beta of 1.55. CarMax has a twelve month low of $56.53 and a twelve month high of $77.64. The company has a quick ratio of 0.57, a current ratio of 2.61 and a debt-to-equity ratio of 3.84.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.10). The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.18 billion. CarMax had a return on equity of 21.09% and a net margin of 3.88%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share.
Several hedge funds have recently added to or reduced their stakes in the company. Green Square Capital LLC acquired a new stake in shares of CarMax during the fourth quarter valued at approximately $346,000. D.B. Root & Company LLC acquired a new stake in shares of CarMax during the fourth quarter valued at approximately $253,000. Xact Kapitalforvaltning AB raised its holdings in shares of CarMax by 4.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 38,424 shares of the company’s stock valued at $2,464,000 after acquiring an additional 1,702 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of CarMax by 11.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 71,385 shares of the company’s stock valued at $4,578,000 after acquiring an additional 7,593 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of CarMax by 24.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 105,870 shares of the company’s stock valued at $6,789,000 after acquiring an additional 20,632 shares during the period.
In other news, COO William C. Jr. Wood sold 49,714 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $63.01, for a total transaction of $3,132,479.14. Following the sale, the chief operating officer now owns 87,173 shares in the company, valued at $5,492,770.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $70.64, for a total transaction of $565,120.00. Following the sale, the director now owns 415,572 shares in the company, valued at approximately $29,356,006.08. The disclosure for this sale can be found here. Insiders have sold 156,297 shares of company stock worth $9,979,594 in the last 90 days. 1.70% of the stock is owned by company insiders.
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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 and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale.
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