William Blair Comments on CarMax Inc’s FY2020 Earnings (KMX)
CarMax Inc (NYSE:KMX) – William Blair issued their FY2020 earnings per share (EPS) estimates for shares of CarMax in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia forecasts that the company will earn $4.29 per share for the year.
Several other equities research analysts have also issued reports on KMX. Oppenheimer Holdings, Inc. set a $72.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Monday, June 19th. Royal Bank Of Canada upgraded shares of CarMax from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $63.00 to $69.00 in a research note on Thursday, June 22nd. UBS AG lowered shares of CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $70.00 price target (up from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. CarMax has a consensus rating of “Buy” and a consensus target price of $70.82.
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Shares of CarMax (NYSE:KMX) opened at 68.08 on Friday. CarMax has a one year low of $47.50 and a one year high of $69.92. The company has a 50-day moving average price of $66.00 and a 200 day moving average price of $62.68. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 19.55 and a beta of 1.32.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. CarMax’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share.
In other news, SVP Mohammad Shamim sold 13,938 shares of CarMax stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $66.08, for a total value of $921,023.04. Following the completion of the transaction, the senior vice president now owns 9,218 shares of the company’s stock, valued at approximately $609,125.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the completion of the transaction, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. In the last three months, insiders sold 188,515 shares of company stock valued at $12,085,019. Insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in KMX. Korea Investment CORP boosted its holdings in shares of CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of CarMax during the 2nd quarter worth about $112,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of CarMax by 2.4% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares during the period. Seven Eight Capital LP bought a new stake in shares of CarMax during the 2nd quarter worth about $133,000. Finally, QS Investors LLC boosted its holdings in shares of CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after buying an additional 22 shares during the period.
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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