CarMax (NYSE:KMX) Posts Earnings Results, Misses Estimates By $0.01 EPS

CarMax (NYSE:KMX) released its quarterly earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01), Briefing.com reports. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS.

CarMax Stock Performance

Shares of CarMax stock opened at $77.29 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The business’s 50 day moving average price is $79.71 and its 200 day moving average price is $76.37. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.56 and a beta of 1.69. CarMax has a one year low of $59.66 and a one year high of $88.22.

Insider Buying and Selling

In related news, CEO William D. Nash sold 120,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of CarMax stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Nash sold 120,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,012 shares of company stock worth $14,803,843. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Monday, June 24th. Argus raised CarMax to a “hold” rating in a report on Tuesday, June 25th. Royal Bank of Canada upped their target price on CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $78.92.

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.