CarMax, Inc (NYSE:KMX) – Stock analysts at Oppenheimer raised their Q1 2020 EPS estimates for shares of CarMax in a research report issued on Friday, June 14th, Zacks Investment Research reports. Oppenheimer analyst B. Nagel now expects that the company will post earnings per share of $1.50 for the quarter, up from their previous estimate of $1.45. Oppenheimer has a “Outperform” rating and a $100.00 price objective on the stock. Oppenheimer also issued estimates for CarMax’s Q3 2020 earnings at $1.14 EPS, Q4 2020 earnings at $1.21 EPS, FY2020 earnings at $5.17 EPS and FY2021 earnings at $5.60 EPS.
A number of other brokerages have also issued reports on KMX. Zacks Investment Research lowered CarMax from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $83.00 to $93.00 in a research report on Monday, April 1st. Buckingham Research boosted their target price on CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Credit Suisse Group upped their price target on CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley increased their target price on CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $93.81.
Shares of CarMax stock traded up $0.33 during trading on Monday, hitting $87.16. The stock had a trading volume of 1,799,297 shares, compared to its average volume of 1,856,245. The company has a debt-to-equity ratio of 4.20, a quick ratio of 0.49 and a current ratio of 2.21. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.31 and a beta of 1.21. The firm’s fifty day simple moving average is $80.61. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $88.64.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.10. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.17 billion. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. First National Bank of South Miami boosted its stake in shares of CarMax by 4.4% in the first quarter. First National Bank of South Miami now owns 3,267 shares of the company’s stock valued at $228,000 after buying an additional 138 shares during the period. First Trust Advisors LP raised its position in CarMax by 0.3% during the first quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock valued at $4,570,000 after purchasing an additional 167 shares in the last quarter. LS Investment Advisors LLC raised its position in CarMax by 3.1% during the first quarter. LS Investment Advisors LLC now owns 6,278 shares of the company’s stock valued at $438,000 after purchasing an additional 190 shares in the last quarter. Graybill Bartz & Assoc Ltd. raised its position in CarMax by 0.4% during the first quarter. Graybill Bartz & Assoc Ltd. now owns 55,610 shares of the company’s stock valued at $3,882,000 after purchasing an additional 210 shares in the last quarter. Finally, First Personal Financial Services raised its position in CarMax by 16.9% during the first quarter. First Personal Financial Services now owns 1,614 shares of the company’s stock valued at $113,000 after purchasing an additional 233 shares in the last quarter.
In other CarMax news, CEO William D. Nash sold 86,762 shares of CarMax stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $83.53, for a total value of $7,247,229.86. Following the sale, the chief executive officer now owns 173,546 shares of the company’s stock, valued at approximately $14,496,297.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 36,595 shares of CarMax stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $86.35, for a total value of $3,159,978.25. Following the completion of the sale, the senior vice president now directly owns 15,725 shares in the company, valued at approximately $1,357,853.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 718,852 shares of company stock worth $55,609,770. Corporate insiders own 2.09% of the company’s stock.
About CarMax
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.