CarMax (NYSE:KMX) reports quarterly results

CarMax (NYSE:KMX – Get Free Report) released its quarterly earnings results on Friday. The company observed EPS of $0.97 for the quarter, missing the analyst consensus of $1.03 ($0.06), reports RTT News. The company’s revenue for the quarter was $7.11 billion, compared to analyst expectations of $7.16 billion. CarMax achieved a return on equity of 7.26% and a net margin of 1.81%. The company’s quarterly revenues were down 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 per share.

CarMax Stocks Up 0.4%

On Friday, the NYSE KMX opened at $71.63. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt to equity ratio of 2.96. CarMax has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a 50-day moving average price of $70.25 and a two-hundred-day moving average price of $73.76. The company has a market value of $11.27 billion, a PE ratio of 23.64, a P/E/G ratio of 1.40 and a beta ratio of 1.69.

Wall Street analysts predict growth

Many analysts have recently published reports on the stock. On Tuesday, Wedbush maintained an “outperform” rating and set a $90.00 price target on CarMax stock in a research report on Tuesday. On Monday, April 22, StockNews.com upgraded CarMax to “sell”. Royal Bank of Canada reissued an “outperform” rating and set a $83.00 price target on shares of CarMax in a research note on Monday, April 8. Mizuho lowered their target price on shares of CarMax from $75.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley maintained an “overweight” rating and set a $80.00 price target on CarMax stock in a report on Friday. Three equity research analysts rated the company’s shares with a sell recommendation, four with a hold recommendation, and six with a buy recommendation. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.17.

See our latest stock analysis on KMX

Confidential activity

In related news, Vice President Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction amount of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Insiders own 1.66% of the company’s shares.

About CarMax

(Get the free report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. CarMax’s Sales Operations segment offers customers a wide range of used vehicle brands and models, including domestic, imported and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended customer protection plans at the time of sale; and vehicle regeneration and repair services.

CarMax Stocks Up 0.4%

Wall Street analysts predict growth

Confidential activity

About CarMax

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