CarMax Inc (NYSE:KMX) – Equities research analysts at William Blair issued their FY2020 earnings per share estimates for CarMax in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia forecasts that the company will earn $4.29 per share for the year.
CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.15. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This report was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/15/william-blair-comments-on-carmax-incs-fy2020-earnings-kmx.html.
A number of other research firms have also commented on KMX. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Friday, September 1st. Wedbush raised shares of CarMax from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $60.00 to $70.00 in a research note on Thursday, May 18th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $70.00 price objective (up previously from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. CarMax currently has an average rating of “Buy” and a consensus price target of $70.82.
CarMax (NYSE KMX) traded down 2.04% during trading on Friday, reaching $68.04. The company’s stock had a trading volume of 2,379,027 shares. The firm has a 50 day moving average of $65.95 and a 200 day moving average of $62.67. CarMax has a 52 week low of $47.50 and a 52 week high of $69.66. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 19.54 and a beta of 1.32.
In related news, EVP Eric M. Margolin sold 18,659 shares of CarMax stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $64.06, for a total value of $1,195,295.54. Following the transaction, the executive vice president now owns 47,163 shares in the company, valued at approximately $3,021,261.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 50,000 shares of CarMax stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the completion of the transaction, the director now owns 509,166 shares in the company, valued at approximately $31,267,884.06. The disclosure for this sale can be found here. Insiders sold a total of 188,515 shares of company stock worth $12,085,019 in the last quarter. Insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Canada Pension Plan Investment Board increased its holdings in shares of CarMax by 16,031.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,486 shares of the company’s stock worth $917,000 after purchasing an additional 15,390 shares during the period. First Trust Advisors LP increased its holdings in shares of CarMax by 39.5% during the 1st quarter. First Trust Advisors LP now owns 118,553 shares of the company’s stock worth $7,021,000 after purchasing an additional 33,588 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of CarMax by 120.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,675 shares of the company’s stock worth $845,000 after purchasing an additional 7,481 shares during the period. Suntrust Banks Inc. increased its holdings in shares of CarMax by 43.0% during the 1st quarter. Suntrust Banks Inc. now owns 16,200 shares of the company’s stock worth $958,000 after purchasing an additional 4,868 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of CarMax by 6.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 106,988 shares of the company’s stock worth $6,336,000 after purchasing an additional 6,600 shares during the period.
CarMax Company Profile
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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