CarMax, Inc (NYSE:KMX) – Equities researchers at Wedbush upped their FY2020 earnings per share estimates for shares of CarMax in a research report issued on Thursday, April 5th. Wedbush analyst S. Basham now forecasts that the company will earn $5.12 per share for the year, up from their prior estimate of $5.10. Wedbush currently has a “Outperform” rating and a $61.94 target price on the stock.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). CarMax had a return on equity of 21.09% and a net margin of 3.88%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $0.81 EPS. CarMax’s revenue was up .8% on a year-over-year basis.
KMX opened at $60.30 on Monday. CarMax has a 12-month low of $55.05 and a 12-month high of $77.64. The company has a current ratio of 2.61, a quick ratio of 0.51 and a debt-to-equity ratio of 3.84. The stock has a market cap of $10,905.13, a P/E ratio of 16.30, a PEG ratio of 0.92 and a beta of 1.55.
Hedge funds and other institutional investors have recently modified their holdings of the company. Green Square Capital LLC purchased a new position in CarMax during the 4th quarter worth approximately $346,000. D.B. Root & Company LLC purchased a new position in CarMax during the 4th quarter worth approximately $253,000. Xact Kapitalforvaltning AB grew its stake in CarMax by 4.6% during the 4th quarter. Xact Kapitalforvaltning AB now owns 38,424 shares of the company’s stock worth $2,464,000 after buying an additional 1,702 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in CarMax by 11.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 71,385 shares of the company’s stock worth $4,578,000 after buying an additional 7,593 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in CarMax by 24.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 105,870 shares of the company’s stock worth $6,789,000 after buying an additional 20,632 shares during the last quarter.
In other news, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.40, for a total value of $579,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,584 shares of company stock worth $3,553,344 in the last three months. Corporate insiders own 1.70% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Wedbush Comments on CarMax, Inc’s FY2020 Earnings (KMX)” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3342264/wedbush-comments-on-carmax-incs-fy2020-earnings-kmx.html.
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.
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.