CarMax (NYSE:KMX) Issues Earnings Results

CarMax (NYSE:KMX) issued its quarterly earnings data on Friday. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.10, MarketWatch Earnings reports. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

CarMax stock opened at $85.64 on Monday. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.36 and a beta of 1.21. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $88.64.

In related news, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the sale, the executive vice president now owns 35,160 shares of the company’s stock, valued at $2,733,338.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 360,006 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $71.18, for a total value of $25,625,227.08. Following the sale, the director now directly owns 511,879 shares in the company, valued at approximately $36,435,547.22. The disclosure for this sale can be found here. Insiders sold 383,490 shares of company stock worth $27,427,530 in the last three months. 2.09% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on CarMax from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. Credit Suisse Group set a $90.00 price target on CarMax and gave the stock an “outperform” rating in a research note on Monday, June 17th. Oppenheimer upped their price target on CarMax from $88.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. ValuEngine upgraded CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, June 10th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and an average target price of $85.55.

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.

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Earnings History for CarMax (NYSE:KMX)

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