CarMax, Inc. (NYSE:KMX – Free Report) – Stock analysts at Zacks Research reduced their Q2 2024 EPS estimates for CarMax in a research report issued on Wednesday, September 6th. Zacks Research analyst L. Shahu now forecasts that the company will post earnings per share of $0.69 for the quarter, down from their previous forecast of $0.70. The consensus estimate for CarMax’s current full-year earnings is $2.95 per share. Zacks Research also issued estimates for CarMax’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.74 EPS, FY2025 earnings at $3.68 EPS and Q2 2026 earnings at $1.17 EPS.
CarMax (NYSE:KMX – Get Free Report) last posted its quarterly earnings data on Friday, June 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.65. The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.49 billion. CarMax had a net margin of 1.64% and a return on equity of 7.46%. The business’s revenue was down 17.4% on a year-over-year basis. During the same period last year, the firm posted $1.56 earnings per share.
Check Out Our Latest Analysis on KMX
CarMax Trading Down 0.5 %
Shares of NYSE:KMX opened at $81.18 on Monday. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.81 and a beta of 1.44. CarMax has a 1-year low of $52.10 and a 1-year high of $93.34. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.61 and a current ratio of 2.54. The company has a 50 day moving average price of $82.75 and a 200 day moving average price of $74.62.
Institutional Investors Weigh In On CarMax
Several large investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in CarMax in the second quarter valued at approximately $61,000. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of CarMax by 13.7% during the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 284,989 shares of the company’s stock worth $23,854,000 after acquiring an additional 34,241 shares in the last quarter. ProVise Management Group LLC increased its position in shares of CarMax by 26.0% during the second quarter. ProVise Management Group LLC now owns 44,649 shares of the company’s stock worth $3,737,000 after acquiring an additional 9,226 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of CarMax during the second quarter worth $259,000. Finally, Comerica Bank bought a new stake in shares of CarMax during the second quarter worth $7,300,000.
Insider Transactions at CarMax
In related news, SVP Jon G. Daniels sold 27,783 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $82.42, for a total value of $2,289,874.86. Following the transaction, the senior vice president now directly owns 7,255 shares in the company, valued at $597,957.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CarMax news, CEO William D. Nash sold 170,646 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $82.57, for a total value of $14,090,240.22. Following the completion of the sale, the chief executive officer now owns 177,180 shares of the company’s stock, valued at $14,629,752.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 27,783 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $82.42, for a total transaction of $2,289,874.86. Following the completion of the sale, the senior vice president now directly owns 7,255 shares of the company’s stock, valued at approximately $597,957.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,993 shares of company stock worth $25,375,428. Corporate insiders own 1.66% of the company’s stock.
CarMax Company Profile
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.
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