Q1 2020 EPS Estimates for CarMax, Inc Increased by Northcoast Research (NYSE:KMX)

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CarMax, Inc (NYSE:KMX) – Analysts at Northcoast Research raised their Q1 2020 earnings per share (EPS) estimates for shares of CarMax in a report released on Monday, June 10th. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.60 for the quarter, up from their previous forecast of $1.56. Northcoast Research also issued estimates for CarMax’s FY2020 earnings at $5.26 EPS and FY2021 earnings at $5.52 EPS.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday. Wedbush reiterated a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Morgan Stanley increased their price target on shares of CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Credit Suisse Group increased their price target on shares of CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Buckingham Research increased their price target on shares of CarMax from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.00.

Shares of NYSE:KMX opened at $82.04 on Tuesday. The company has a market capitalization of $13.54 billion, a P/E ratio of 17.13, a PEG ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $83.33.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. CarMax’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS.

A number of hedge funds have recently made changes to their positions in the business. First National Bank of South Miami grew its stake in shares of CarMax by 4.4% during the 1st quarter. First National Bank of South Miami now owns 3,267 shares of the company’s stock worth $228,000 after acquiring an additional 138 shares in the last quarter. First Trust Advisors LP grew its stake in shares of CarMax by 0.3% during the 1st quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock worth $4,570,000 after acquiring an additional 167 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of CarMax by 3.1% during the 1st quarter. LS Investment Advisors LLC now owns 6,278 shares of the company’s stock worth $438,000 after acquiring an additional 190 shares in the last quarter. Graybill Bartz & Assoc Ltd. grew its stake in shares of CarMax by 0.4% during the 1st quarter. Graybill Bartz & Assoc Ltd. now owns 55,610 shares of the company’s stock worth $3,882,000 after acquiring an additional 210 shares in the last quarter. Finally, First Personal Financial Services grew its stake in shares of CarMax by 16.9% during the 1st quarter. First Personal Financial Services now owns 1,614 shares of the company’s stock worth $113,000 after acquiring an additional 233 shares in the last quarter.

In other CarMax news, SVP Diane L. Cafritz sold 3,484 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the sale, the senior vice president now directly owns 11,331 shares in the company, valued at approximately $804,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Folliard sold 360,006 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $71.18, for a total transaction of $25,625,227.08. Following the sale, the director now owns 511,879 shares in the company, valued at $36,435,547.22. The disclosure for this sale can be found here. Insiders have sold a total of 383,490 shares of company stock worth $27,427,530 over the last 90 days. Corporate insiders own 2.09% of the company’s stock.

CarMax Company Profile

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 and Estimates for CarMax (NYSE:KMX)

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Q1 2020 EPS Estimates for CarMax, Inc Increased by Northcoast Research (NYSE:KMX)

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CarMax, Inc (NYSE:KMX) – Analysts at Northcoast Research raised their Q1 2020 earnings per share (EPS) estimates for shares of CarMax in a report released on Monday, June 10th. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.60 for the quarter, up from their previous forecast of $1.56. Northcoast Research also issued estimates for CarMax’s FY2020 earnings at $5.26 EPS and FY2021 earnings at $5.52 EPS.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday. Wedbush reiterated a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Morgan Stanley increased their price target on shares of CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Credit Suisse Group increased their price target on shares of CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Buckingham Research increased their price target on shares of CarMax from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.00.

Shares of NYSE:KMX opened at $82.04 on Tuesday. The company has a market capitalization of $13.54 billion, a P/E ratio of 17.13, a PEG ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $83.33.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. CarMax’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS.

A number of hedge funds have recently made changes to their positions in the business. First National Bank of South Miami grew its stake in shares of CarMax by 4.4% during the 1st quarter. First National Bank of South Miami now owns 3,267 shares of the company’s stock worth $228,000 after acquiring an additional 138 shares in the last quarter. First Trust Advisors LP grew its stake in shares of CarMax by 0.3% during the 1st quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock worth $4,570,000 after acquiring an additional 167 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of CarMax by 3.1% during the 1st quarter. LS Investment Advisors LLC now owns 6,278 shares of the company’s stock worth $438,000 after acquiring an additional 190 shares in the last quarter. Graybill Bartz & Assoc Ltd. grew its stake in shares of CarMax by 0.4% during the 1st quarter. Graybill Bartz & Assoc Ltd. now owns 55,610 shares of the company’s stock worth $3,882,000 after acquiring an additional 210 shares in the last quarter. Finally, First Personal Financial Services grew its stake in shares of CarMax by 16.9% during the 1st quarter. First Personal Financial Services now owns 1,614 shares of the company’s stock worth $113,000 after acquiring an additional 233 shares in the last quarter.

In other CarMax news, SVP Diane L. Cafritz sold 3,484 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the sale, the senior vice president now directly owns 11,331 shares in the company, valued at approximately $804,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Folliard sold 360,006 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $71.18, for a total transaction of $25,625,227.08. Following the sale, the director now owns 511,879 shares in the company, valued at $36,435,547.22. The disclosure for this sale can be found here. Insiders have sold a total of 383,490 shares of company stock worth $27,427,530 over the last 90 days. Corporate insiders own 2.09% of the company’s stock.

CarMax Company Profile

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.

Featured Story: How the Consumer Price Index (CPI) is calculated?

Earnings History and Estimates for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.