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

CarMax (NYSE:KMX) released its quarterly earnings results on Tuesday. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07, Bloomberg Earnings reports. CarMax had a net margin of 4.64% and a return on equity of 25.37%. The company 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 firm earned $1.24 earnings per share. CarMax’s revenue was up 9.1% on a year-over-year basis.

Shares of NYSE KMX opened at $86.08 on Thursday. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $92.01. The company has a 50 day simple moving average of $84.44 and a two-hundred day simple moving average of $79.62. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.32 and a beta of 1.20. The company has a debt-to-equity ratio of 4.20, a quick ratio of 0.49 and a current ratio of 2.21.

In other CarMax news, COO Edwin J. Hill sold 4,792 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $87.49, for a total transaction of $419,252.08. Following the completion of the transaction, the chief operating officer now owns 3,778 shares of the company’s stock, valued at $330,537.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric M. Margolin sold 14,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $89.06, for a total transaction of $1,309,092.94. Following the transaction, the executive vice president now directly owns 31,166 shares of the company’s stock, valued at approximately $2,775,643.96. The disclosure for this sale can be found here. Insiders have sold 41,685 shares of company stock valued at $3,716,699 in the last ninety days. Insiders own 2.09% of the company’s stock.



A number of equities analysts recently issued reports on KMX shares. Royal Bank of Canada increased their price target on shares of CarMax from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. Guggenheim increased their price target on shares of CarMax from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley decreased their price target on shares of CarMax from $99.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Northcoast Research downgraded shares of CarMax from a “buy” rating to a “neutral” rating and set a $86.50 price target for the company. in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $95.42.

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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