CarMax (NYSE:KMX) Announces Quarterly Earnings Results

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

CarMax Price Performance

Shares of KMX opened at $84.27 on Friday. The company’s 50-day moving average is $78.77 and its 200-day moving average is $77.55. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The firm has a market capitalization of $13.06 billion, a PE ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71. CarMax has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

Analyst Ratings Changes

KMX has been the topic of a number of research reports. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Royal Bank of Canada increased their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $85.17.

About CarMax

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.