CarMax (NYSE:KMX) Releases Earnings Results, Beats Expectations By $0.19 EPS

CarMax (NYSE:KMX) posted its earnings results on Thursday. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19, RTT News reports. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the business posted $0.52 EPS. CarMax’s revenue was up 1.2% on a year-over-year basis.

CarMax Trading Down 2.0 %

NYSE:KMX opened at $81.42 on Thursday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The company’s 50 day moving average is $78.50 and its 200-day moving average is $77.50. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 1.76 and a beta of 1.71. CarMax has a 12 month low of $65.83 and a 12 month high of $88.22.

Analyst Ratings Changes

KMX has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. boosted their target price on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Truist Financial boosted their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and a consensus price target of $81.00.

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.