CarMax (KMX) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

CarMax (NYSE:KMX) released its quarterly earnings data on Wednesday. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.10), Bloomberg Earnings reports. CarMax had a net margin of 3.88% and a return on equity of 21.09%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis.

Shares of NYSE:KMX opened at $62.24 on Friday. The firm has a market capitalization of $11,344.59, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55. The company has a quick ratio of 0.51, a current ratio of 2.61 and a debt-to-equity ratio of 3.84. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64.

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Several equities analysts recently weighed in on the company. Bank of America dropped their price objective on CarMax from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday. Deutsche Bank dropped their price target on CarMax from $76.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $61.94 price target (down previously from $75.00) on shares of CarMax in a research report on Monday. Finally, William Blair reissued an “outperform” rating on shares of CarMax in a research report on Tuesday, March 27th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $79.00.

In related news, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Thursday, February 15th. The shares were 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 ninety days, insiders sold 50,584 shares of company stock valued at $3,553,344. Company insiders own 1.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in CarMax by 27.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,380 shares of the company’s stock valued at $217,000 after acquiring an additional 736 shares during the last quarter. Logan Capital Management Inc. boosted its holdings in CarMax by 6.3% in the fourth quarter. Logan Capital Management Inc. now owns 13,881 shares of the company’s stock valued at $891,000 after acquiring an additional 821 shares during the last quarter. Howland Capital Management LLC boosted its holdings in CarMax by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 308,499 shares of the company’s stock valued at $19,784,000 after acquiring an additional 980 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in CarMax by 3.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 27,675 shares of the company’s stock valued at $2,098,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in CarMax by 19.9% in the fourth quarter. Profund Advisors LLC now owns 6,225 shares of the company’s stock valued at $399,000 after acquiring an additional 1,032 shares during the last quarter.

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About CarMax

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.

Earnings History for CarMax (NYSE:KMX)

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