CarMax (NYSE:KMX) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

CarMax (NYSE:KMX) released its earnings results on Thursday. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19, RTT News reports. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the business posted $0.52 earnings per share. CarMax’s revenue was up 1.2% compared to the same quarter last year.

CarMax Trading Down 2.0 %

NYSE KMX opened at $81.42 on Thursday. The firm’s fifty day moving average is $78.50 and its two-hundred day moving average is $77.50. CarMax has a one year low of $65.83 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The firm has a market cap of $12.61 billion, a PE ratio of 30.61, a P/E/G ratio of 1.76 and a beta of 1.71.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI raised their target price on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Truist Financial increased their price objective on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $81.00.

CarMax Company Profile

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.