CarMax (KMX) Scheduled to Post Quarterly Earnings on Thursday
CarMax (NYSE:KMX) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, December 21st. Analysts expect the company to announce earnings of $0.81 per share for the quarter.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts expect CarMax to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
CarMax (NYSE KMX) opened at $68.52 on Tuesday. CarMax has a 1-year low of $54.29 and a 1-year high of $77.64. The stock has a market cap of $12,351.95, a price-to-earnings ratio of 18.61, a PEG ratio of 1.14 and a beta of 1.48. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82.
KMX has been the subject of several analyst reports. Oppenheimer downgraded shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a report on Thursday, October 5th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Friday, September 8th. CIBC upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. Royal Bank of Canada upped their price objective on shares of CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $84.00 price objective on shares of CarMax in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.57.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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