CarMax (NYSE:KMX) Issues Earnings Results

CarMax (NYSE:KMXGet Free Report) posted its quarterly earnings data on Friday. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03, RTT News reports. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the firm posted $1.16 EPS. The company’s quarterly revenue was down 7.5% on a year-over-year basis.

CarMax Stock Performance

KMX opened at $71.63 on Monday. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company’s fifty day moving average price is $70.25 and its two-hundred day moving average price is $73.88. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.40 and a beta of 1.69.

Insiders Place Their Bets

In other news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America upped their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research note on Friday. Mizuho dropped their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Finally, Truist Financial dropped their target price on shares of CarMax from $72.00 to $66.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $76.17.

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CarMax Company Profile

(Get Free Report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

Further Reading

Earnings History for CarMax (NYSE:KMX)

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