Brokerages forecast that CarMax, Inc (NYSE:KMX) will report $1.13 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for CarMax’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.19. CarMax posted earnings per share of $1.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings report on Friday, December 20th.

According to Zacks, analysts expect that CarMax will report full year earnings of $5.29 per share for the current fiscal year, with EPS estimates ranging from $5.10 to $5.45. For the next year, analysts expect that the business will report earnings of $5.72 per share, with EPS estimates ranging from $5.60 to $5.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow CarMax.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, September 24th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. CarMax had a return on equity of 25.50% and a net margin of 4.60%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business posted $1.24 earnings per share. CarMax’s revenue was up 9.1% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. Credit Suisse Group set a $90.00 target price on CarMax and gave the company an “outperform” rating in a report on Monday, June 17th. Robert W. Baird upped their target price on CarMax from $80.00 to $99.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Royal Bank of Canada upped their target price on CarMax from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Wedbush reaffirmed a “neutral” rating on shares of CarMax in a report on Thursday, October 3rd. Finally, Oppenheimer upped their target price on CarMax from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.42.

Shares of NYSE KMX traded up $1.79 during mid-day trading on Wednesday, hitting $86.89. 39,984 shares of the company traded hands, compared to its average volume of 1,707,021. CarMax has a 1 year low of $55.24 and a 1 year high of $92.01. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.29 and a beta of 1.17. The company has a quick ratio of 0.56, a current ratio of 2.42 and a debt-to-equity ratio of 4.11. The business has a 50 day moving average of $84.99 and a two-hundred day moving average of $81.33.

In related news, EVP Eric M. Margolin sold 14,699 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $89.06, for a total value of $1,309,092.94. Following the completion of the sale, the executive vice president now directly owns 31,166 shares of the company’s stock, valued at approximately $2,775,643.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Diane L. Cafritz sold 8,300 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $88.25, for a total value of $732,475.00. Following the completion of the sale, the senior vice president now directly owns 11,706 shares of the company’s stock, valued at $1,033,054.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,893 shares of company stock valued at $3,297,447. Company insiders own 2.09% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc lifted its stake in CarMax by 86.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in CarMax in the 2nd quarter worth about $51,000. FNY Investment Advisers LLC lifted its stake in CarMax by 6,633.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock worth $51,000 after acquiring an additional 597 shares in the last quarter. HM Payson & Co. purchased a new stake in CarMax in the 2nd quarter worth about $52,000. Finally, Carroll Financial Associates Inc. lifted its stake in CarMax by 181.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 759 shares of the company’s stock worth $65,000 after acquiring an additional 489 shares in the last quarter.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Earnings History and Estimates for CarMax (NYSE:KMX)

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