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.

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.

Earnings History and Estimates for CarMax (NYSE:KMX)

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