CarMax, Inc (KMX) Forecasted to Earn Q1 2019 Earnings of $1.39 Per Share
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.
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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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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