CarMax (NYSE:KMX) Posts Earnings Results

CarMax (NYSE:KMX) issued its quarterly earnings data on Thursday. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01), Briefing.com reports. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue was down .9% on a year-over-year basis.

CarMax Price Performance

Shares of KMX stock opened at $78.17 on Friday. The stock’s fifty day simple moving average is $79.76 and its 200 day simple moving average is $76.40. CarMax has a one year low of $59.66 and a one year high of $88.22. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.56 and a beta of 1.69. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60.

Insiders Place Their Bets

In other news, SVP John M. Stuckey III sold 19,673 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $82.01, for a total value of $1,613,382.73. Following the sale, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CarMax news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John M. Stuckey III sold 19,673 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $82.01, for a total value of $1,613,382.73. Following the completion of the sale, the senior vice president now owns 969 shares of the company’s stock, valued at $79,467.69. The disclosure for this sale can be found here. Insiders sold 184,012 shares of company stock worth $14,803,843 over the last three months. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMX. Mizuho decreased 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. Argus raised CarMax to a “hold” rating in a research report on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted their target price on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.75.

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.