CarMax (KMX) Projected to Post Earnings on Thursday

CarMax (NYSE:KMX - Get Free Report) is anticipated to issue its quarterly earnings data 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

CarMax Price Performance

Shares of CarMax stock traded down $2.09 on Monday, reaching $73.63. The stock had a trading volume of 4,333,385 shares, compared to its average volume of 2,019,130. The business's 50 day moving average is $80.04 and its two-hundred day moving average is $79.31. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $11.32 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

Insiders Place Their Bets

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, 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 accessible through this hyperlink. Also, EVP Mohammad Shamim sold 12,845 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the sale, the executive vice president now owns 11,738 shares of the company's stock, valued at $961,811.72. This represents a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,723 shares of company stock valued at $2,925,218. 1.66% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Evercore ISI decreased their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Finally, Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Two equities research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $90.64.

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.