CarMax (KMX) to Release Earnings on Thursday

CarMax (NYSE:KMX) will likely be announcing its earnings results before the market opens on Thursday, April 10th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $5.93 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

CarMax Price Performance

Shares of KMX stock opened at $82.71 on Thursday. The stock has a 50 day moving average price of $80.51 and a 200 day moving average price of $79.36. The firm has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax has a 52-week low of $65.83 and a 52-week high of $91.25.

Insider Activity at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,723 shares of company stock worth $2,925,218 in the last three months. Insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC upped their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.64.

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.