CarMax, Inc (NYSE:KMX) – Investment analysts at Wedbush dropped their FY2018 EPS estimates for CarMax in a research note issued to investors on Monday. Wedbush analyst S. Basham now expects that the company will post earnings per share of $3.85 for the year, down from their previous estimate of $3.92. Wedbush currently has a “Outperform” rating and a $81.00 target price on the stock. Wedbush also issued estimates for CarMax’s Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $1.34 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $4.63 EPS and FY2020 earnings at $5.18 EPS.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.
CarMax (NYSE KMX) traded up $0.90 during trading hours on Tuesday, hitting $62.94. The company had a trading volume of 493,713 shares, compared to its average volume of 2,240,387. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The firm has a market cap of $11,220.00, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.53.
Several hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of CarMax by 27.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,380 shares of the company’s stock worth $217,000 after acquiring an additional 736 shares during the last quarter. Logan Capital Management Inc. boosted its position in shares of CarMax by 6.3% in the 4th quarter. Logan Capital Management Inc. now owns 13,881 shares of the company’s stock worth $891,000 after buying an additional 821 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of CarMax by 1.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 60,369 shares of the company’s stock worth $4,577,000 after buying an additional 867 shares in the last quarter. Howland Capital Management LLC boosted its position in shares of CarMax by 0.3% in the 4th quarter. Howland Capital Management LLC now owns 308,499 shares of the company’s stock worth $19,784,000 after buying an additional 980 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of CarMax by 3.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 27,675 shares of the company’s stock worth $2,098,000 after buying an additional 1,000 shares in the last quarter.
In other news, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the completion of the sale, the executive vice president now owns 41,051 shares in the company, valued at $2,946,640.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $61.92, for a total value of $495,360.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,584 shares of company stock valued at $5,155,424. 1.90% of the stock is currently owned by corporate insiders.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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