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.
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.
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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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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