Brokerages expect CarMax, Inc (NYSE:KMX) to announce earnings per share (EPS) of $0.91 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CarMax’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $1.01. CarMax reported earnings per share of $0.81 in the same quarter last year, which suggests a positive year over year growth rate of 12.3%. The business is expected to announce its next earnings report on Thursday, April 5th.
On average, analysts expect that CarMax will report full-year earnings of $3.84 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $3.93. For the next fiscal year, analysts expect that the firm will post earnings of $4.44 per share, with EPS estimates ranging from $3.93 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover CarMax.
CarMax (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the business earned $0.72 earnings per share. CarMax’s quarterly revenue was up 11.0% compared to the same quarter last year.
In related news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $68.72, for a total transaction of $549,760.00. Following the sale, the director now directly owns 447,572 shares in the company, valued at approximately $30,757,147.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the sale, the executive vice president now owns 41,051 shares in the company, valued at $2,946,640.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,584 shares of company stock worth $5,226,064. 1.70% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in CarMax during the 4th quarter worth approximately $121,000. Tredje AP fonden acquired a new stake in CarMax during the 3rd quarter worth approximately $144,000. QS Investors LLC boosted its position in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after buying an additional 22 shares during the period. Commerce Bank acquired a new stake in CarMax during the 3rd quarter worth approximately $203,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in CarMax during the 3rd quarter worth approximately $206,000.
CarMax (NYSE KMX) traded up $0.15 during mid-day trading on Tuesday, reaching $64.49. 3,080,087 shares of the company’s stock traded hands, compared to its average volume of 1,935,369. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. The company has a market cap of $11,662.89, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.13 and a beta of 1.53.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.