CarMax (NYSE:KMX) – Stock analysts at Wedbush issued their Q1 2020 earnings per share estimates for CarMax in a report released on Wednesday, May 16th. Wedbush analyst S. Basham forecasts that the company will post earnings of $1.42 per share for the quarter. Wedbush currently has a “Outperform” rating and a $61.94 target price on the stock. Wedbush also issued estimates for CarMax’s Q2 2020 earnings at $1.36 EPS and Q4 2020 earnings at $1.17 EPS.
KMX has been the subject of a number of other reports. Credit Suisse Group decreased their price target on CarMax from $78.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, April 6th. Bank of America decreased their price target on CarMax from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, April 5th. TheStreet downgraded CarMax from a “b-” rating to a “c+” rating in a report on Thursday, February 22nd. Deutsche Bank decreased their price target on CarMax from $76.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, April 5th. Finally, Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, April 5th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.40.
Shares of CarMax opened at $65.87 on Friday, according to MarketBeat. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. 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 has a 1 year low of $57.05 and a 1 year high of $77.64.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.10). The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.18 billion. CarMax had a net margin of 3.88% and a return on equity of 21.09%. CarMax’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mar Vista Investment Partners LLC purchased a new position in shares of CarMax in the 4th quarter worth $38,803,000. LFL Advisers LLC grew its position in CarMax by 27.3% in the fourth quarter. LFL Advisers LLC now owns 210,000 shares of the company’s stock worth $13,467,000 after buying an additional 45,000 shares during the last quarter. Ellington Management Group LLC acquired a new position in CarMax in the fourth quarter worth approximately $327,000. APG Asset Management N.V. grew its position in CarMax by 0.5% in the fourth quarter. APG Asset Management N.V. now owns 287,507 shares of the company’s stock worth $15,355,000 after buying an additional 1,400 shares during the last quarter. Finally, M&T Bank Corp grew its position in CarMax by 26.8% in the fourth quarter. M&T Bank Corp now owns 70,270 shares of the company’s stock worth $4,506,000 after buying an additional 14,866 shares during the last quarter.
In other CarMax news, COO William C. Jr. Wood sold 49,714 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $63.01, for a total transaction of $3,132,479.14. Following the completion of the sale, the chief operating officer now directly owns 87,173 shares of the company’s stock, valued at approximately $5,492,770.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter J. Bensen acquired 5,000 shares of CarMax stock in a transaction on Friday, April 6th. The shares were bought at an average cost of $62.12 per share, with a total value of $310,600.00. Following the completion of the purchase, the director now owns 5,165 shares in the company, valued at $320,849.80. The disclosure for this purchase can be found here. Insiders sold a total of 120,297 shares of company stock valued at $7,483,514 over the last three months. Company insiders own 1.97% of the company’s stock.
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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