CarMax, Inc (NYSE:KMX) – Investment analysts at William Blair upped their Q2 2019 earnings per share estimates for shares of CarMax in a research note issued to investors on Wednesday, September 26th. William Blair analyst S. Zackfia now anticipates that the company will earn $1.24 per share for the quarter, up from their previous estimate of $1.21. William Blair also issued estimates for CarMax’s Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.08 EPS, FY2019 earnings at $4.69 EPS and FY2020 earnings at $5.32 EPS.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley set a $89.00 price target on CarMax and gave the stock a “buy” rating in a report on Wednesday, August 29th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of CarMax in a report on Thursday, August 16th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Finally, Gabelli initiated coverage on CarMax in a report on Wednesday, June 6th. They set a “buy” rating and a $95.00 target price on the stock. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. CarMax has an average rating of “Buy” and a consensus price target of $84.13.

KMX opened at $73.82 on Thursday. The company has a market capitalization of $13.40 billion, a P/E ratio of 20.02, a PEG ratio of 1.12 and a beta of 1.57. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.54 and a current ratio of 2.30. CarMax has a 1-year low of $57.05 and a 1-year high of $81.67.

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

In other CarMax news, Director Thomas J. Folliard sold 37,500 shares of the stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $77.37, for a total transaction of $2,901,375.00. Following the transaction, the director now owns 211,879 shares of the company’s stock, valued at approximately $16,393,078.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Thomas W. Reedy, Jr. sold 98,858 shares of the stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $74.09, for a total value of $7,324,389.22. Following the transaction, the chief financial officer now directly owns 109,089 shares in the company, valued at approximately $8,082,404.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,293 shares of company stock worth $21,903,363. 1.97% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the business. Royal London Asset Management Ltd. purchased a new position in shares of CarMax during the 2nd quarter worth $5,485,000. Bain Capital Public Equity Management LLC purchased a new position in shares of CarMax during the 2nd quarter worth $19,795,000. Carnegie Capital Asset Management LLC lifted its stake in shares of CarMax by 19.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 79,120 shares of the company’s stock worth $5,764,000 after purchasing an additional 12,895 shares during the period. Verition Fund Management LLC purchased a new position in shares of CarMax during the 2nd quarter worth $3,083,000. Finally, Argent Trust Co lifted its stake in shares of CarMax by 14.6% during the 2nd quarter. Argent Trust Co now owns 5,783 shares of the company’s stock worth $421,000 after purchasing an additional 737 shares during the period.

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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