CarMax (KMX) to Release Quarterly Earnings on Thursday

CarMax (NYSE:KMX) is set to announce 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. Investors that are interested in participating in the company’s conference call can do so using this link.

CarMax Trading Up 0.1 %

NYSE:KMX opened at $76.50 on Wednesday. The firm has a market cap of $11.94 billion, a P/E ratio of 29.88, a PEG ratio of 1.53 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The stock’s 50 day simple moving average is $80.00 and its 200-day simple moving average is $76.40. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KMX shares. Argus raised CarMax to a “hold” rating in a report on Tuesday, June 25th. Truist Financial upped their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday. Mizuho reduced their target price on 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 upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a report on Friday, June 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $77.50.

Insider Activity at CarMax

In related news, SVP John M. Stuckey III sold 19,673 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the completion of the transaction, the senior vice president now owns 969 shares in the company, valued at approximately $79,467.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CarMax news, SVP John M. Stuckey III sold 19,673 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the completion of the transaction, the senior vice president now owns 969 shares in the company, valued at approximately $79,467.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The disclosure for this sale can be found here. Insiders sold 184,012 shares of company stock worth $14,803,843 in the last 90 days. 1.66% of the stock is currently owned by company 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.