CarMax, Inc (NYSE:KMX) – Research analysts at Wedbush dropped their FY2019 earnings per share (EPS) estimates for shares of CarMax in a research note issued to investors on Wednesday, January 16th. Wedbush analyst S. Basham now expects that the company will post earnings per share of $4.69 for the year, down from their prior forecast of $4.73. Wedbush has a “Neutral” rating and a $60.00 price target on the stock.
Several other brokerages also recently commented on KMX. Buckingham Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Wolfe Research initiated coverage on shares of CarMax in a research note on Tuesday, October 2nd. They set a “peer perform” rating for the company. Robert W. Baird raised shares of CarMax from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 27th. Royal Bank of Canada lowered their price objective on shares of CarMax to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, December 19th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of CarMax in a research note on Thursday, December 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.00.
Shares of NYSE:KMX opened at $61.92 on Friday. The stock has a market cap of $10.88 billion, a PE ratio of 16.74, a PEG ratio of 0.96 and a beta of 1.46. The company has a quick ratio of 0.52, a current ratio of 2.50 and a debt-to-equity ratio of 3.93. CarMax has a 12 month low of $55.24 and a 12 month high of $81.67.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, December 21st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.33 billion. CarMax had a net margin of 4.30% and a return on equity of 23.26%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in CarMax by 266.0% in the third quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after purchasing an additional 1,048 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in CarMax in the third quarter worth about $123,000. JNBA Financial Advisors grew its holdings in CarMax by 3,526.9% in the third quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after purchasing an additional 1,834 shares during the period. Federated Investors Inc. PA purchased a new stake in CarMax in the second quarter worth about $189,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in CarMax in the third quarter worth about $201,000.
In related news, SVP Jon G. Daniels sold 16,325 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the transaction, the senior vice president now owns 16,325 shares in the company, valued at $1,157,116. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.97% of the stock is owned by insiders.
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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