CarMax Inc. (NYSE:KMX) – Investment analysts at William Blair raised their Q3 2017 earnings per share estimates for shares of CarMax in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the brokerage will post earnings per share of $0.71 for the quarter, up from their previous forecast of $0.70. William Blair also issued estimates for CarMax’s FY2017 earnings at $3.26 EPS and FY2018 earnings at $3.63 EPS.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, September 21st. The company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.11 billion. CarMax had a net margin of 4.04% and a return on equity of 20.54%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.

Other equities analysts have also issued research reports about the stock. Deutsche Bank AG upped their target price on shares of CarMax from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Thursday. Buckingham Research restated a “buy” rating and set a $60.00 target price on shares of CarMax in a research report on Tuesday, June 21st. Wedbush upped their target price on shares of CarMax from $44.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Goldman Sachs Group Inc. set a $63.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $58.00 price target (down previously from $60.00) on shares of CarMax in a research note on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. CarMax has a consensus rating of “Hold” and an average target price of $62.39.

Shares of CarMax (NYSE:KMX) traded up 0.02% during midday trading on Thursday, reaching $54.63. 1,668,368 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $58.32 and its 200-day moving average is $53.57. The stock has a market cap of $10.46 billion, a PE ratio of 17.85 and a beta of 1.46. CarMax has a 12-month low of $41.25 and a 12-month high of $60.81.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in shares of CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock valued at $133,000 after buying an additional 900 shares during the last quarter. IFP Advisors Inc boosted its position in shares of CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock valued at $144,000 after buying an additional 251 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock valued at $151,000 after buying an additional 1,472 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of CarMax by 32.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,295 shares of the company’s stock valued at $169,000 after buying an additional 799 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of CarMax by 5.4% in the second quarter. Pacer Advisors Inc. now owns 3,453 shares of the company’s stock valued at $169,000 after buying an additional 176 shares during the last quarter.

In other CarMax news, EVP Eric M. Margolin sold 12,639 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $60.21, for a total transaction of $760,994.19. Following the transaction, the executive vice president now directly owns 38,303 shares in the company, valued at approximately $2,306,223.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric M. Margolin sold 2,000 shares of the stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $50.75, for a total transaction of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares in the company, valued at $1,740,877.25. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About CarMax

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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