CarMax (NYSE:KMX) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

CarMax (NYSE:KMX) issued its quarterly earnings results on Wednesday. The company reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.08), MarketWatch Earnings reports. CarMax had a return on equity of 27.44% and a net margin of 5.03%. The business had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter last year, the business posted $1.79 earnings per share. The business’s revenue was up 48.7% compared to the same quarter last year.

Shares of CarMax stock opened at $127.96 on Friday. CarMax has a one year low of $84.70 and a one year high of $147.73. The stock’s fifty day moving average is $132.91 and its 200 day moving average is $128.68. The stock has a market cap of $20.85 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.04 and a beta of 1.61. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.69 and a current ratio of 2.24.

Several research firms recently commented on KMX. Bank of America boosted their target price on CarMax from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. Royal Bank of Canada boosted their target price on CarMax from $148.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 28th. JPMorgan Chase & Co. lifted their price target on CarMax from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, June 28th. Stephens lifted their price target on CarMax from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, June 28th. Finally, Wedbush lifted their price target on CarMax from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, September 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CarMax has a consensus rating of “Hold” and an average target price of $136.21.

In related news, CMO James Lyski sold 63,129 shares of CarMax stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $139.54, for a total transaction of $8,809,020.66. Following the transaction, the chief marketing officer now directly owns 79,084 shares of the company’s stock, valued at $11,035,381.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Diane L. Cafritz sold 19,580 shares of CarMax stock in a transaction on Tuesday, July 6th. The stock was sold at an average price of $132.69, for a total transaction of $2,598,070.20. Following the completion of the transaction, the senior vice president now directly owns 25,286 shares in the company, valued at $3,355,199.34. The disclosure for this sale can be found here. Insiders sold a total of 173,610 shares of company stock valued at $23,556,971 in the last quarter. 1.76% of the stock is currently owned by company insiders.

About CarMax

CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment comprises of all aspects of its auto merchandising and service operations.

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Earnings History for CarMax (NYSE:KMX)

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