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.

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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.

About CarMax

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.

Earnings History and Estimates for CarMax (NYSE:KMX)

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