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.
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.
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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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