CarMax (NYSE:KMX) ‘s stock had its “buy” rating reiterated by Oppenheimer in a research report issued to clients and investors on Thursday. Oppenheimer also issued estimates for CarMax’s Q3 2019 earnings at $0.96 EPS and FY2019 earnings at $4.59 EPS.
Several other equities research analysts have also issued reports on the stock. Morgan Stanley set a $89.00 target price on shares of CarMax and gave the company a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine downgraded shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Wedbush set a $87.00 price objective on shares of CarMax and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Robert W. Baird raised shares of CarMax from a “neutral” rating to an “outperform” rating in a report on Thursday, September 27th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. CarMax currently has an average rating of “Buy” $82.88.
Get CarMax alerts: Shares of KMX opened at $58.96 on Thursday. The stock has a market cap of $10.09 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.60. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78. CarMax has a 12-month low of $55.24 and a 12-month high of $81.67.
CarMax (NYSE:KMX) last announced its earnings results on Friday, December 21st. The company reported $1.09 beating the consensus estimate of $1.00 by $0.09. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business posted $0.81 earnings per share. CarMax’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that CarMax will post 4.64 earnings per share for the current year.
In other news, SVP Jon G. Daniels sold 16,325 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $70.88, for a total value of $1,157,116.00. Following the completion of the sale, the senior vice president now owns 16,325 shares of the company’s stock, valued at approximately $1,157,116. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, SVP Mohammad Shamim sold 34,142 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $74.16, for a total value of $2,531,970.72. The disclosure for this sale can be found here . Insiders own 1.97% of the company’s stock.
Hedge funds and other institutional company. CWM LLC lifted its position in CarMax by 266.0% in the third quarter. CWM LLC now owns 1,442 shares of the company’s stock valued at $108,000 after purchasing an additional 1,048 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in CarMax during the 3rd quarter valued at $123,000. JNBA Financial Advisors raised its holdings in CarMax by 3,526.9% during the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock valued at $141,000 after buying an additional 1,834 shares during the last quarter. Federated Investors Inc. PA bought a new stake in CarMax during the 2nd quarter valued at $189,000. Finally, Qube Research & Technologies Ltd bought a new stake in CarMax during the 2nd quarter valued at $190,000.
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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