CarMax Inc. (NYSE:KMX) – Research analysts at Oppenheimer Holdings raised their FY2018 earnings per share estimates for shares of CarMax in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst B. Nagel now anticipates that the firm will post earnings per share of $3.70 for the year, up from their previous estimate of $3.65. Oppenheimer Holdings has a “Buy” rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Thursday. Deutsche Bank AG increased their price objective on shares of CarMax from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. set a $63.00 price objective on shares of CarMax and gave the company a “buy” rating in a research note on Monday, September 19th. Vetr downgraded shares of CarMax from a “buy” rating to a “hold” rating and set a $57.52 price objective on the stock. in a research note on Monday, September 12th. Finally, Buckingham Research cut shares of CarMax from a “buy” rating to a “neutral” rating and increased their target price for the company from $59.00 to $63.00 in a research report on Friday, September 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.01.

Earnings History and Estimates for CarMax (NYSE:KMX)

CarMax (NYSE:KMX) traded down 0.60% during midday trading on Thursday, reaching $52.78. 1,360,270 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 17.16 and a beta of 1.42. The stock’s 50-day moving average is $56.71 and its 200-day moving average is $53.74. CarMax has a 12-month low of $41.25 and a 12-month high of $60.81.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. CarMax had a net margin of 3.95% and a return on equity of 20.92%. The business earned $4 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 2.9% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC purchased a new stake in CarMax during the first quarter valued at approximately $39,950,000. Abrams Bison Investments LLC raised its stake in shares of CarMax by 31.6% in the first quarter. Abrams Bison Investments LLC now owns 2,858,787 shares of the company’s stock valued at $146,084,000 after buying an additional 686,131 shares during the period. Wellington Management Group LLP raised its stake in shares of CarMax by 6.1% in the first quarter. Wellington Management Group LLP now owns 3,625,082 shares of the company’s stock valued at $185,242,000 after buying an additional 206,898 shares during the period. Legal & General Group Plc raised its stake in shares of CarMax by 0.3% in the first quarter. Legal & General Group Plc now owns 910,718 shares of the company’s stock valued at $46,534,000 after buying an additional 2,405 shares during the period. Finally, Allen Investment Management LLC raised its stake in shares of CarMax by 5.3% in the first quarter. Allen Investment Management LLC now owns 21,585 shares of the company’s stock valued at $1,103,000 after buying an additional 1,093 shares during the period.

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the sale, the senior vice president now owns 23,967 shares in the company, valued at $1,222,317. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Edwin J. Hill sold 51,875 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $57.59, for a total transaction of $2,987,481.25. Following the sale, the executive vice president now owns 36,943 shares in the company, valued at approximately $2,127,547.37. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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.

5 Day Chart for NYSE:KMX

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