Equities research analysts expect CarMax, Inc (NYSE:KMX) to report $1.04 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for CarMax’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $0.91. CarMax reported earnings per share of $0.77 during the same quarter last year, which would indicate a positive year over year growth rate of 35.1%. The company is expected to issue its next earnings report on Wednesday, April 3rd.
On average, analysts expect that CarMax will report full year earnings of $4.72 per share for the current year, with EPS estimates ranging from $4.58 to $4.82. For the next financial year, analysts expect that the business will post earnings of $5.07 per share, with EPS estimates ranging from $4.85 to $5.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow CarMax.
Get CarMax alerts:CarMax (NYSE:KMX) last issued its earnings results on Friday, December 21st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.33 billion. CarMax had a return on equity of 23.26% and a net margin of 4.30%. CarMax’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share.
KMX has been the subject of a number of analyst reports. Guggenheim raised CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, December 24th. Oppenheimer reissued a “buy” rating on shares of CarMax in a research note on Thursday, December 20th. Wedbush set a $87.00 price objective on CarMax and gave the company a “buy” rating in a research note on Friday, December 14th. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Finally, ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. CarMax has an average rating of “Buy” and a consensus price target of $81.00.
NYSE:KMX opened at $62.06 on Friday. The company has a market cap of $10.44 billion, a PE ratio of 16.77, a P/E/G ratio of 0.92 and a beta of 1.27. CarMax has a fifty-two week low of $55.24 and a fifty-two week high of $81.67. The company has a quick ratio of 0.52, a current ratio of 2.50 and a debt-to-equity ratio of 3.93.
Large investors have recently added to or reduced their stakes in the company. National Pension Service raised its holdings in shares of CarMax by 4.7% during the fourth quarter. National Pension Service now owns 228,733 shares of the company’s stock valued at $13,989,000 after acquiring an additional 10,259 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of CarMax by 5.5% during the fourth quarter. Legal & General Group Plc now owns 860,291 shares of the company’s stock valued at $53,967,000 after acquiring an additional 44,734 shares in the last quarter. Cipher Capital LP raised its holdings in shares of CarMax by 513.5% during the fourth quarter. Cipher Capital LP now owns 70,542 shares of the company’s stock valued at $4,425,000 after acquiring an additional 59,044 shares in the last quarter. Makaira Partners LLC bought a new position in shares of CarMax during the fourth quarter valued at approximately $46,107,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of CarMax during the fourth quarter valued at approximately $848,000.
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 Article: Calculating net profit and net profit margin ratio
Get a free copy of the Zacks research report on CarMax (KMX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment