CarMax (NYSE:KMX) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

CarMax (NYSE:KMX) posted its quarterly earnings data on Friday. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03, RTT News reports. The business had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. CarMax’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS.

CarMax Trading Up 0.4 %

Shares of CarMax stock opened at $71.63 on Monday. The stock has a market capitalization of $11.27 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The company has a 50-day simple moving average of $70.25 and a 200 day simple moving average of $73.88. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Mizuho reduced their price target on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Robert W. Baird reduced their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 price target on shares of CarMax in a report on Monday, April 8th. Truist Financial reduced their price target on shares of CarMax from $72.00 to $66.00 and set a “hold” rating for the company in a report on Tuesday, June 18th. Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of CarMax in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.17.

CarMax Company Profile

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. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.