CarMax Inc to Post FY2020 Earnings of $4.29 Per Share, William Blair Forecasts (KMX)
CarMax Inc (NYSE:KMX) – William Blair issued their FY2020 earnings estimates for CarMax in a report issued on Wednesday. William Blair analyst S. Zackfia anticipates that the company will post earnings per share of $4.29 for the year.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. CarMax’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share.
Several other brokerages also recently issued reports on KMX. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research report on Friday, September 1st. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $70.00 price target (up from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “market perform” rating and issued a $63.00 price target (down from $71.00) on shares of CarMax in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. CarMax has a consensus rating of “Buy” and a consensus target price of $70.82.
CarMax (NYSE KMX) opened at 68.08 on Friday. The stock has a market cap of $12.48 billion, a P/E ratio of 19.55 and a beta of 1.32. CarMax has a one year low of $47.50 and a one year high of $69.66. The company has a 50-day moving average price of $66.00 and a 200-day moving average price of $62.68.
Several large investors have recently bought and sold shares of KMX. Canada Pension Plan Investment Board raised its stake in shares of CarMax by 16,031.3% in the first quarter. Canada Pension Plan Investment Board now owns 15,486 shares of the company’s stock valued at $917,000 after acquiring an additional 15,390 shares during the last quarter. First Trust Advisors LP raised its position in CarMax by 39.5% in the 1st quarter. First Trust Advisors LP now owns 118,553 shares of the company’s stock worth $7,021,000 after purchasing an additional 33,588 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in CarMax by 120.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,675 shares of the company’s stock worth $845,000 after purchasing an additional 7,481 shares during the last quarter. Suntrust Banks Inc. raised its position in CarMax by 43.0% in the 1st quarter. Suntrust Banks Inc. now owns 16,200 shares of the company’s stock worth $958,000 after purchasing an additional 4,868 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its position in CarMax by 6.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 106,988 shares of the company’s stock worth $6,336,000 after purchasing an additional 6,600 shares during the last quarter.
In other news, Director Thomas J. Folliard sold 50,000 shares of CarMax stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the completion of the transaction, the director now owns 509,166 shares in the company, valued at $31,267,884.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the completion of the transaction, the chief financial officer now owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. Insiders sold 188,515 shares of company stock valued at $12,085,019 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.
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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