CarMax (NYSE:KMX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

CarMax (NYSE:KMX) issued its earnings results on Wednesday. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01, MarketWatch Earnings reports. CarMax had a net margin of 4.01% and a return on equity of 20.30%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

KMX stock traded down $9.35 during trading on Friday, reaching $123.31. 4,602,606 shares of the stock traded hands, compared to its average volume of 1,350,385. The business’s 50 day moving average price is $127.16 and its 200-day moving average price is $106.46. The firm has a market capitalization of $20.04 billion, a PE ratio of 27.16, a P/E/G ratio of 2.16 and a beta of 1.76. The company has a debt-to-equity ratio of 3.51, a current ratio of 2.60 and a quick ratio of 0.67. CarMax has a 52-week low of $47.06 and a 52-week high of $136.54.

In related news, SVP Diane L. Cafritz sold 17,861 shares of CarMax stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of $106.32, for a total transaction of $1,898,981.52. Following the transaction, the senior vice president now owns 13,024 shares in the company, valued at approximately $1,384,711.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 7,872 shares of the company’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $117.08, for a total transaction of $921,653.76. Following the sale, the chief financial officer now directly owns 14,386 shares of the company’s stock, valued at $1,684,312.88. The disclosure for this sale can be found here. Insiders sold a total of 401,275 shares of company stock worth $46,173,632 over the last ninety days. Corporate insiders own 2.09% of the company’s stock.

KMX has been the topic of several research analyst reports. Oppenheimer assumed coverage on CarMax in a research note on Wednesday, December 23rd. They set a “buy” rating and a $130.00 price target on the stock. Wedbush raised their price target on CarMax from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, February 17th. JPMorgan Chase & Co. cut shares of CarMax from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research note on Wednesday, December 9th. Morgan Stanley cut their target price on shares of CarMax to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, December 23rd. Finally, Argus raised their price objective on shares of CarMax from $105.00 to $110.00 in a research note on Monday, December 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $109.88.

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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