CarMax (KMX) Set to Announce Quarterly Earnings on Thursday

CarMax (NYSE:KMXGet Free Report) is set to announce its earnings results before the market opens on Thursday, April 11th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CarMax Stock Down 0.2 %

Shares of KMX stock opened at $83.61 on Thursday. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.31 and a beta of 1.61. CarMax has a one year low of $59.66 and a one year high of $88.22. The company’s fifty day moving average price is $77.82 and its 200-day moving average price is $72.20. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71.

Analysts Set New Price Targets

Several analysts have recently commented on KMX shares. Needham & Company LLC upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Wednesday, March 20th. Evercore ISI raised their price objective on shares of CarMax from $78.00 to $85.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Truist Financial raised their price objective on shares of CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, December 22nd. Mizuho started coverage on shares of CarMax in a research report on Tuesday, March 19th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and an average target price of $81.25.

Check Out Our Latest Report on KMX

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The disclosure for this sale can be found here. Insiders sold 38,929 shares of company stock valued at $2,740,901 in the last three months. Corporate insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On CarMax

Large investors have recently made changes to their positions in the company. VitalStone Financial LLC purchased a new position in shares of CarMax during the 1st quarter worth about $33,000. CENTRAL TRUST Co boosted its stake in shares of CarMax by 100.0% during the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of CarMax by 111.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 530 shares of the company’s stock worth $50,000 after purchasing an additional 279 shares during the period. West Tower Group LLC purchased a new position in shares of CarMax during the 4th quarter worth about $43,000. Finally, Covington Capital Management purchased a new stake in CarMax in the 3rd quarter valued at about $39,000.

About CarMax

(Get Free Report)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

See Also

Earnings History for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.