CarMax (NYSE:KMX) Releases Earnings Results

CarMax (NYSE:KMX) posted its quarterly earnings results on Thursday. The company reported $0.81 EPS for the quarter, topping the consensus estimate 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 business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year.

CarMax Stock Performance

Shares of CarMax stock opened at $81.42 on Thursday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The business has a 50-day moving average of $78.50 and a 200 day moving average of $77.50. CarMax has a 12 month low of $65.83 and a 12 month high of $88.22.

Analysts Set New Price Targets

KMX has been the subject of several analyst reports. Truist Financial increased their price target on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. increased their price objective on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Evercore ISI lifted their target price on CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Four 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.