CarMax (NYSE:KMX) Issues Earnings Results

CarMax (NYSE:KMX - Get Free Report) announced its earnings results on Thursday. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19, RTT News reports. The company had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share.

CarMax Price Performance

KMX traded up $2.81 on Thursday, reaching $84.23. The stock had a trading volume of 5,329,398 shares, compared to its average volume of 1,936,437. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth 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. The firm has a 50-day moving average of $78.77 and a 200-day moving average of $77.55.

Analyst Ratings Changes

A number of research firms have recently weighed in on KMX. BNP Paribas upgraded CarMax to a "strong sell" rating in a research report on Friday, September 27th. Wedbush reiterated an "outperform" rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Truist Financial raised their target price on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of CarMax from $65.00 to $70.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of "Hold" and a consensus target price of $82.58.

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.