CarMax (KMX) Scheduled to Post Quarterly Earnings on Thursday

CarMax (NYSE:KMX - Get Free Report) will be announcing its earnings results before the market opens on Thursday, September 26th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax's revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share. On average, analysts expect CarMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CarMax Stock Up 0.2 %

Shares of NYSE:KMX traded up $0.18 during midday trading on Thursday, hitting $77.39. 2,873,474 shares of the company's stock traded hands, compared to its average volume of 1,902,066. The firm's fifty day moving average price is $80.41 and its two-hundred day moving average price is $76.54. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. CarMax has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a market cap of $12.08 billion, a PE ratio of 30.19, a P/E/G ratio of 1.53 and a beta of 1.69.

Analysts Set New Price Targets

KMX has been the subject of several analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $95.00 target price on shares of CarMax in a research report on Tuesday. Argus raised shares of CarMax to a "hold" rating in a research report on Tuesday, June 25th. Mizuho reduced their target price on shares of CarMax from $75.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 18th. StockNews.com raised shares of CarMax to a "sell" rating in a report on Friday, July 26th. Finally, Evercore ISI boosted their price objective on shares of CarMax from $68.00 to $72.00 and gave the stock an "in-line" rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CarMax presently has a consensus rating of "Hold" and a consensus target price of $77.08.

Insider Buying and Selling

In other news, CEO William D. Nash sold 120,000 shares of the firm's stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at $14,465,600.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the business's stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock valued at $14,893,042 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

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.