CarMax, Inc (NYSE:KMX) – Stock analysts at Northcoast Research upped their Q3 2019 earnings per share estimates for CarMax in a research note issued to investors on Monday, September 24th. Northcoast Research analyst J. Healy now forecasts that the company will post earnings of $1.05 per share for the quarter, up from their previous forecast of $1.03. Northcoast Research currently has a “Buy” rating and a $85.00 price target on the stock. Northcoast Research also issued estimates for CarMax’s Q4 2019 earnings at $1.01 EPS, FY2019 earnings at $4.63 EPS and FY2020 earnings at $5.08 EPS.

A number of other equities analysts have also recently commented on KMX. TheStreet raised shares of CarMax from a “c+” rating to a “b” rating in a research report on Friday, June 1st. Gabelli started coverage on shares of CarMax in a research report on Wednesday, June 6th. They set a “buy” rating and a $95.00 price objective for the company. ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Guggenheim cut shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Wedbush lifted their price objective on shares of CarMax from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.07.

KMX stock opened at $74.66 on Wednesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 2.30 and a quick ratio of 0.54. CarMax has a one year low of $57.05 and a one year high of $81.67. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.12 and a beta of 1.57.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, September 26th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. CarMax had a net margin of 3.98% and a return on equity of 21.54%. The firm had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.

In other news, CFO Thomas W. Reedy, Jr. sold 98,858 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $74.09, for a total value of $7,324,389.22. Following the completion of the sale, the chief financial officer now owns 109,089 shares of the company’s stock, valued at $8,082,404.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Nash sold 74,130 shares of the business’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $77.25, for a total transaction of $5,726,542.50. Following the completion of the sale, the chief executive officer now directly owns 150,631 shares of the company’s stock, valued at approximately $11,636,244.75. The disclosure for this sale can be found here. In the last three months, insiders sold 288,293 shares of company stock valued at $21,903,363. 1.97% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Archford Capital Strategies LLC acquired a new position in CarMax in the first quarter valued at about $100,000. Piedmont Investment Advisors LLC acquired a new position in CarMax in the second quarter valued at about $149,000. Fuller & Thaler Asset Management Inc. raised its stake in CarMax by 57.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after purchasing an additional 750 shares in the last quarter. Federated Investors Inc. PA acquired a new position in CarMax in the second quarter valued at about $189,000. Finally, Qube Research & Technologies Ltd acquired a new position in CarMax in the second quarter valued at about $190,000.

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 and Estimates for CarMax (NYSE:KMX)

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