Equities analysts expect that CarMax, Inc. (NYSE:KMX) will announce $1.14 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for CarMax’s earnings, with estimates ranging from $0.94 to $1.42. CarMax posted earnings of $1.04 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings results on Friday, December 18th.

According to Zacks, analysts expect that CarMax will report full-year earnings of $4.31 per share for the current year, with EPS estimates ranging from $3.92 to $4.68. For the next year, analysts expect that the company will report earnings of $5.70 per share, with EPS estimates ranging from $4.96 to $6.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover CarMax.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 24th. The company reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.84. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.08 billion. CarMax had a net margin of 3.76% and a return on equity of 19.23%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share.

A number of equities analysts have weighed in on the stock. Seaport Global Securities initiated coverage on shares of CarMax in a research report on Monday, October 19th. They set a “buy” rating and a $113.00 price objective for the company. Guggenheim upped their target price on shares of CarMax from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Royal Bank of Canada upped their target price on shares of CarMax from $100.00 to $110.00 in a report on Tuesday, September 22nd. TheStreet raised shares of CarMax from a “c+” rating to a “b-” rating in a report on Thursday, September 24th. Finally, Exane BNP Paribas initiated coverage on shares of CarMax in a report on Monday, October 5th. They set an “underperform” rating and a $73.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. CarMax currently has an average rating of “Buy” and an average price target of $102.94.

NYSE:KMX opened at $94.55 on Tuesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.94 and a current ratio of 2.71. The company has a fifty day moving average of $92.70 and a two-hundred day moving average of $93.89. The stock has a market capitalization of $15.51 billion, a PE ratio of 22.73, a P/E/G ratio of 1.89 and a beta of 1.88. CarMax has a fifty-two week low of $37.59 and a fifty-two week high of $109.31.

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in CarMax during the third quarter worth about $882,000. NEXT Financial Group Inc purchased a new position in CarMax during the third quarter worth about $30,000. Tarbox Family Office Inc. boosted its stake in CarMax by 1,173.1% during the second quarter. Tarbox Family Office Inc. now owns 331 shares of the company’s stock worth $30,000 after buying an additional 305 shares during the period. AXA S.A. purchased a new position in CarMax during the third quarter worth about $33,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in CarMax by 398.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 459 shares of the company’s stock worth $42,000 after buying an additional 367 shares during the period.

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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