Brokerages expect CarMax, Inc (NYSE:KMX) to report earnings per share (EPS) of $1.33 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for CarMax’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.40. CarMax reported earnings of $1.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The firm is expected to announce its next earnings results before the market opens on Tuesday, September 24th.

On average, analysts expect that CarMax will report full year earnings of $5.26 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.45. For the next fiscal year, analysts forecast that the firm will report earnings of $5.67 per share, with EPS estimates ranging from $5.40 to $5.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow CarMax.

CarMax (NYSE:KMX) last announced its earnings results on Friday, June 21st. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.10. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis.

A number of research analysts have recently commented on KMX shares. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, June 10th. Oppenheimer raised their target price on CarMax from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Northcoast Research lowered CarMax from a “buy” rating to a “neutral” rating and set a $86.50 target price on the stock. in a report on Friday, June 28th. Guggenheim raised their target price on CarMax from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, June 24th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $90.00 target price on CarMax and gave the company an “outperform” rating in a report on Monday, June 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $94.12.

CarMax stock traded up $1.21 during mid-day trading on Monday, hitting $86.53. The company’s stock had a trading volume of 1,449,513 shares, compared to its average volume of 1,721,388. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.21 and a quick ratio of 0.49. CarMax has a 52-week low of $55.24 and a 52-week high of $92.01. The firm’s 50 day moving average is $85.09 and its 200 day moving average is $77.99. The company has a market cap of $14.34 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20.

In related news, COO Edwin J. Hill sold 81,959 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $84.19, for a total transaction of $6,900,128.21. Following the completion of the transaction, the chief operating officer now owns 90,529 shares in the company, valued at approximately $7,621,636.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mohammad Shamim sold 13,894 shares of CarMax stock in a transaction on Friday, July 26th. The shares were sold at an average price of $90.39, for a total value of $1,255,878.66. Following the completion of the transaction, the senior vice president now owns 16,718 shares of the company’s stock, valued at approximately $1,511,140.02. The disclosure for this sale can be found here. Insiders have sold a total of 377,047 shares of company stock valued at $31,898,938 in the last 90 days. 2.09% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in shares of CarMax by 86.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock valued at $35,000 after buying an additional 185 shares during the period. Hanson & Doremus Investment Management acquired a new stake in shares of CarMax in the 2nd quarter valued at $51,000. FNY Investment Advisers LLC increased its stake in shares of CarMax by 6,633.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock valued at $51,000 after buying an additional 597 shares during the period. HM Payson & Co. acquired a new stake in shares of CarMax in the 2nd quarter valued at $52,000. Finally, Carroll Financial Associates Inc. increased its stake in shares of CarMax by 181.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 759 shares of the company’s stock valued at $65,000 after buying an additional 489 shares during the period.

CarMax Company Profile

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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Earnings History and Estimates for CarMax (NYSE:KMX)

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