CarMax (KMX) Announces Earnings Results, Beats Expectations By $0.09 EPS

CarMax (NYSE:KMX) released its quarterly earnings results on Friday. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09, Bloomberg Earnings reports. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.33 billion. CarMax had a return on equity of 22.26% and a net margin of 4.12%. CarMax’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS.

Shares of CarMax stock opened at $58.96 on Friday. CarMax has a 1 year low of $55.24 and a 1 year high of $81.67. The firm has a market cap of $9.90 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.60. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78.

A number of equities research analysts recently commented on the company. Wedbush set a $87.00 price target on CarMax and gave the company a “buy” rating in a research report on Friday, December 14th. Oppenheimer reissued a “buy” rating on shares of CarMax in a research report on Thursday. Royal Bank of Canada lowered their price target on CarMax to $67.00 and set an “outperform” rating for the company in a research report on Wednesday. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Friday, October 5th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $82.88.

In related news, SVP Mohammad Shamim sold 34,142 shares of CarMax stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $74.16, for a total value of $2,531,970.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 16,325 shares of CarMax stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $70.88, for a total value of $1,157,116.00. Following the completion of the sale, the senior vice president now directly owns 16,325 shares of the company’s stock, valued at approximately $1,157,116. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.

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About CarMax

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 for CarMax (NYSE:KMX)

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