Brokerages expect CarMax, Inc (NYSE:KMX) to report $0.89 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for CarMax’s earnings. The lowest EPS estimate is $0.82 and the highest is $1.01. CarMax posted earnings of $0.81 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The business is expected to issue its next earnings report before the market opens on Wednesday, April 4th.
According to Zacks, analysts expect that CarMax will report full-year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $3.93. For the next fiscal year, analysts expect that the firm will post earnings of $4.42 per share, with EPS estimates ranging from $3.93 to $5.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CarMax.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company earned $0.72 EPS. CarMax’s revenue for the quarter was up 11.0% compared to the same quarter last year.
In related news, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction on Friday, January 26th. The stock was sold at an average price of $71.78, for a total value of $1,435,600.00. Following the transaction, the executive vice president now owns 41,051 shares in the company, valued at $2,946,640.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders have sold 66,584 shares of company stock worth $4,605,664 in the last 90 days. Insiders own 1.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of KMX. Raymond James Financial Services Advisors Inc. boosted its holdings in CarMax by 1.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,369 shares of the company’s stock valued at $4,577,000 after acquiring an additional 867 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in CarMax in the third quarter worth $904,000. Victory Capital Management Inc. boosted its holdings in CarMax by 15.3% in the third quarter. Victory Capital Management Inc. now owns 24,947 shares of the company’s stock worth $1,891,000 after purchasing an additional 3,314 shares in the last quarter. Andra AP fonden boosted its holdings in CarMax by 107.0% during the third quarter. Andra AP fonden now owns 8,900 shares of the company’s stock valued at $675,000 after acquiring an additional 4,600 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in CarMax by 3.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,361 shares of the company’s stock valued at $2,226,000 after acquiring an additional 1,073 shares during the period. Hedge funds and other institutional investors own 99.91% of the company’s stock.
Shares of CarMax (KMX) opened at $62.43 on Monday. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. The company has a market cap of $11,290.34, a PE ratio of 16.74, a PEG ratio of 0.95 and a beta of 1.61. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70.
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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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