CarMax, Inc (NYSE:KMX) issued its quarterly earnings data on Thursday. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. CarMax had a return on equity of 21.02% and a net margin of 3.96%. The firm earned $4.05 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the firm earned $0.74 EPS. CarMax’s quarterly revenue was up 9.3% on a year-over-year basis.
Shares of CarMax (NYSE:KMX) traded down 0.83% during trading on Friday, hitting $58.31. The stock had a trading volume of 2,821,182 shares. The stock’s 50 day moving average is $60.03 and its 200 day moving average is $60.15. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 17.89 and a beta of 1.34. CarMax has a 52 week low of $45.06 and a 52 week high of $69.11.
In other CarMax news, COO William C. Jr. Wood sold 6,203 shares of CarMax stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $66.24, for a total value of $410,886.72. Following the completion of the sale, the chief operating officer now directly owns 55,096 shares of the company’s stock, valued at $3,649,559.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jon G. Daniels sold 20,000 shares of CarMax stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $68.72, for a total transaction of $1,374,400.00. Following the completion of the sale, the senior vice president now directly owns 31,787 shares of the company’s stock, valued at $2,184,402.64. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of research firms have commented on KMX. Zacks Investment Research downgraded CarMax from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Oppenheimer Holdings Inc. set a $72.00 price target on CarMax and gave the stock a “buy” rating in a report on Friday. Wedbush reissued a “neutral” rating and issued a $60.00 price target on shares of CarMax in a report on Monday, March 27th. CIBC reissued a “buy” rating on shares of CarMax in a report on Thursday, April 6th. Finally, Credit Suisse Group AG set a $75.00 price target on CarMax and gave the stock a “buy” rating in a report on Monday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CarMax has a consensus rating of “Buy” and a consensus target price of $66.17.
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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