Wall Street analysts expect CarMax, Inc (NYSE:KMX) to announce earnings per share (EPS) of $1.04 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CarMax’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.16. CarMax posted earnings of $0.77 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35.1%. The firm is expected to report its next earnings results before the market opens on Friday, March 29th.

According to Zacks, analysts expect that CarMax will report full year earnings of $4.72 per share for the current fiscal year, with EPS estimates ranging from $4.58 to $4.82. For the next fiscal year, analysts expect that the business will report earnings of $5.07 per share, with EPS estimates ranging from $4.85 to $5.25. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover CarMax.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, December 21st. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.33 billion. CarMax had a return on equity of 23.26% and a net margin of 4.30%. CarMax’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 earnings per share.

KMX has been the topic of a number of recent analyst reports. Guggenheim upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, December 24th. Oppenheimer reiterated a “buy” rating on shares of CarMax in a research report on Thursday, December 20th. Wedbush set a $87.00 price target on CarMax and gave the stock a “buy” rating in a research report on Friday, December 14th. Buckingham Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Finally, ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $81.00.

Several institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. raised its holdings in shares of CarMax by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 2,551,474 shares of the company’s stock valued at $160,054,000 after acquiring an additional 26,977 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CarMax by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 2,190,864 shares of the company’s stock valued at $137,181,000 after purchasing an additional 140,198 shares during the last quarter. Northern Trust Corp increased its holdings in shares of CarMax by 2.8% in the fourth quarter. Northern Trust Corp now owns 1,962,841 shares of the company’s stock valued at $123,129,000 after purchasing an additional 53,495 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in shares of CarMax by 2.7% in the third quarter. DF Dent & Co. Inc. now owns 1,741,037 shares of the company’s stock valued at $130,003,000 after purchasing an additional 46,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CarMax by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,891 shares of the company’s stock valued at $94,404,000 after purchasing an additional 258,689 shares during the last quarter. 99.63% of the stock is owned by institutional investors and hedge funds.

KMX stock traded up $0.45 during mid-day trading on Friday, reaching $61.06. 2,186,161 shares of the company’s stock were exchanged, compared to its average volume of 1,806,562. The company has a market capitalization of $10.31 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.85 and a beta of 1.26. The company has a current ratio of 2.50, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93. CarMax has a 12-month low of $55.24 and a 12-month high of $81.67.

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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