CarMax (NYSE:KMX) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

CarMax (NYSE:KMX) posted its quarterly earnings data on Tuesday. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07, Bloomberg Earnings reports. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. CarMax’s revenue for the quarter was up 9.1% on a year-over-year basis.

Shares of KMX stock opened at $86.08 on Thursday. The company’s fifty day simple moving average is $84.44 and its two-hundred day simple moving average is $79.62. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.21 and a quick ratio of 0.49. CarMax has a 1 year low of $55.24 and a 1 year high of $92.01. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.32 and a beta of 1.20.

A number of brokerages have issued reports on KMX. Stephens reissued an “overweight” rating and set a $103.00 target price (up previously from $95.00) on shares of CarMax in a report on Wednesday. Credit Suisse Group set a $90.00 target price on shares of CarMax and gave the company an “outperform” rating in a report on Monday, June 17th. Oppenheimer boosted their target price on shares of CarMax from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Buckingham Research boosted their target price on shares of CarMax from $94.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Guggenheim boosted their target price on shares of CarMax from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.42.

In other news, COO Edwin J. Hill sold 4,792 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $87.49, for a total value of $419,252.08. Following the transaction, the chief operating officer now owns 3,778 shares of the company’s stock, valued at $330,537.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mohammad Shamim sold 13,894 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $90.39, for a total transaction of $1,255,878.66. Following the completion of the transaction, the senior vice president now directly owns 16,718 shares in the company, valued at approximately $1,511,140.02. The disclosure for this sale can be found here. Insiders have sold a total of 41,685 shares of company stock worth $3,716,699 in the last three months. Insiders own 2.09% of the company’s stock.

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 for CarMax (NYSE:KMX)

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