CarMax Inc (NYSE:KMX) – Equities researchers at Northcoast Research upped their FY2018 earnings per share (EPS) estimates for CarMax in a research note issued to investors on Monday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings of $3.82 per share for the year, up from their previous forecast of $3.73. Northcoast Research also issued estimates for CarMax’s FY2019 earnings at $3.96 EPS.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share.

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Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Friday, September 1st. Citigroup Inc. lifted their target price on shares of CarMax to $84.00 and gave the company a “buy” rating in a report on Monday, September 25th. Deutsche Bank AG reiterated a “buy” rating and issued a $84.00 target price on shares of CarMax in a report on Monday, September 25th. Finally, ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax currently has a consensus rating of “Hold” and a consensus target price of $77.93.

CarMax (KMX) traded down $0.33 during midday trading on Tuesday, hitting $72.35. The company had a trading volume of 1,337,500 shares, compared to its average volume of 2,205,261. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. CarMax has a 52-week low of $54.17 and a 52-week high of $77.64. The firm has a market cap of $13,251.74, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52.

A number of hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in CarMax by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after acquiring an additional 24,390 shares during the last quarter. Calamos Advisors LLC boosted its stake in CarMax by 20.3% during the 2nd quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock valued at $21,544,000 after acquiring an additional 57,657 shares during the last quarter. Principal Financial Group Inc. boosted its stake in CarMax by 8.3% during the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after acquiring an additional 706,369 shares during the last quarter. Victory Capital Management Inc. boosted its stake in CarMax by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock valued at $1,364,000 after acquiring an additional 3,002 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in CarMax by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock valued at $3,957,000 after acquiring an additional 12,234 shares during the last quarter.

In related news, Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO William C. Jr. Wood sold 201,701 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.56, for a total transaction of $14,837,125.56. Following the sale, the chief operating officer now directly owns 146,717 shares in the company, valued at approximately $10,792,502.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 609,955 shares of company stock worth $45,098,618. 1.90% of the stock is owned by insiders.

CarMax Company Profile

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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