Research Analysts Offer Predictions for CarMax, Inc’s FY2020 Earnings (KMX)

CarMax, Inc (NYSE:KMX) – Research analysts at Wedbush raised their FY2020 EPS estimates for shares of CarMax in a note issued to investors on Thursday, April 5th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $5.12 for the year, up from their prior forecast of $5.10. Wedbush currently has a “Outperform” rating and a $61.94 price objective on the stock.

How to Become a New Pot Stock Millionaire

Several other research analysts have also recently commented on the stock. Credit Suisse Group upgraded shares of CarMax to a “buy” rating and set a $83.00 target price for the company in a report on Monday, December 25th. UBS upgraded shares of CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, December 14th. Berenberg Bank upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Monday, January 8th. Finally, Oppenheimer upgraded shares of CarMax from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $80.00 to $88.00 in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.85.

Shares of KMX opened at $58.77 on Monday. CarMax has a 12 month low of $55.05 and a 12 month high of $77.64. The firm has a market cap of $10,905.13, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.55. The company has a quick ratio of 0.57, a current ratio of 2.61 and a debt-to-equity ratio of 3.84.

CarMax (NYSE:KMX) last announced its earnings results on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). CarMax had a return on equity of 21.09% and a net margin of 3.88%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year.

In other news, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.40, for a total transaction of $579,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,584 shares of company stock valued at $3,553,344. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of CarMax in the fourth quarter valued at about $121,000. Captrust Financial Advisors bought a new position in shares of CarMax in the fourth quarter valued at about $134,000. Tredje AP fonden bought a new position in shares of CarMax in the third quarter valued at about $144,000. Prime Capital Investment Advisors LLC bought a new position in shares of CarMax in the fourth quarter valued at about $156,000. Finally, Virtue Capital Management LLC bought a new position in shares of CarMax in the fourth quarter valued at about $169,000.

WARNING: “Research Analysts Offer Predictions for CarMax, Inc’s FY2020 Earnings (KMX)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/10/research-analysts-offer-predictions-for-carmax-incs-fy2020-earnings-kmx.html.

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)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply