CarMax (NYSE:KMX) is set to release its earnings data before the market opens on Wednesday, September 26th. Analysts expect CarMax to post earnings of $1.21 per share for the quarter.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, June 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. CarMax had a net margin of 3.98% and a return on equity of 21.54%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect CarMax to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

CarMax stock opened at $78.17 on Monday. CarMax has a 1 year low of $57.05 and a 1 year high of $81.67. The firm has a market capitalization of $13.80 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.15 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.

A number of research firms recently issued reports on KMX. Northcoast Research reissued a “buy” rating and issued a $85.00 price target on shares of CarMax in a research note on Thursday, June 28th. Guggenheim cut shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Monday, June 25th. They noted that the move was a valuation call. Buckingham Research cut shares of CarMax from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $84.00 in a research note on Monday, June 25th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, July 10th. Finally, TheStreet raised shares of CarMax from a “c+” rating to a “b” rating in a research note on Friday, June 1st. Ten investment 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 an average price target of $83.72.

In other CarMax news, EVP James Lyski sold 3,738 shares of CarMax stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $75.43, for a total transaction of $281,957.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mohammad Shamim sold 8,556 shares of CarMax stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $75.44, for a total transaction of $645,464.64. Following the sale, the senior vice president now directly owns 7,155 shares in the company, valued at approximately $539,773.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 666,816 shares of company stock worth $50,495,526. 1.97% of the stock is currently owned by corporate insiders.

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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