CarMax, Inc (NYSE:KMX) – Investment analysts at Wedbush cut their Q1 2019 earnings per share estimates for CarMax in a research note issued on Tuesday. Wedbush analyst S. Basham now anticipates that the company will earn $1.39 per share for the quarter, down from their previous estimate of $1.40. Wedbush has a “Outperform” rating and a $81.00 price target on the stock. Wedbush also issued estimates for CarMax’s Q2 2019 earnings at $1.25 EPS, Q4 2019 earnings at $1.17 EPS and FY2020 earnings at $5.36 EPS.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS.

Several other research firms have also commented on KMX. Oppenheimer raised CarMax from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $80.00 to $88.00 in a research report on Thursday, January 18th. Credit Suisse Group cut their price target on CarMax from $83.00 to $71.54 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Susquehanna Bancshares set a $68.00 price target on CarMax and gave the stock a “hold” rating in a research report on Monday, January 1st. Finally, ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. CarMax presently has an average rating of “Buy” and a consensus target price of $79.68.

CarMax (NYSE:KMX) traded down $0.17 on Wednesday, reaching $65.23. The company’s stock had a trading volume of 1,759,154 shares, compared to its average volume of 2,300,198. The firm has a market capitalization of $11,812.98, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.15 and a beta of 1.53. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70.

Several institutional investors have recently bought and sold shares of the stock. QS Investors LLC boosted its stake in shares of CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of CarMax by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after buying an additional 160 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of CarMax by 1.8% in the second quarter. Sterling Capital Management LLC now owns 19,500 shares of the company’s stock valued at $1,230,000 after buying an additional 353 shares in the last quarter. BlueCrest Capital Management Ltd boosted its stake in shares of CarMax by 4.3% in the second quarter. BlueCrest Capital Management Ltd now owns 8,685 shares of the company’s stock valued at $548,000 after buying an additional 357 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of CarMax by 9.2% in the second quarter. Flinton Capital Management LLC now owns 5,712 shares of the company’s stock valued at $360,000 after buying an additional 480 shares in the last quarter.

In related news, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $68.72, for a total value of $549,760.00. Following the completion of the sale, the director now owns 447,572 shares in the company, valued at $30,757,147.84. The disclosure for this sale can be found here. In the last three months, insiders sold 74,584 shares of company stock worth $5,226,064. Corporate insiders own 1.70% of the company’s stock.

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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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