The FY2019 EPS Estimates for CarMax Inc. (KMX) Raised by Analyst

The FY2019 EPS Estimates for CarMax Inc. (KMX) Raised by Analyst

CarMax Inc. (NYSE:KMX) – Equities researchers at KeyCorp lifted their FY2019 earnings per share (EPS) estimates for shares of CarMax in a research report issued to clients and investors on Monday. KeyCorp analyst B. Hoselton now forecasts that the firm will post earnings per share of $3.93 for the year, up from their prior forecast of $3.86.

Several other analysts also recently commented on KMX. Deutsche Bank AG upped their price objective on shares of CarMax from $65.00 to $66.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Thursday, October 6th. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of CarMax in a report on Sunday, October 16th. Wedbush reissued a “neutral” rating and set a $55.00 price target on shares of CarMax in a report on Friday, October 21st. Finally, Vetr raised shares of CarMax from a “sell” rating to a “strong-buy” rating and set a $69.00 price target on the stock in a report on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $63.58.

Shares of CarMax (NYSE:KMX) traded up 1.20% during trading on Thursday, hitting $66.47. 1,994,852 shares of the company’s stock were exchanged. CarMax has a one year low of $41.25 and a one year high of $68.06. The firm has a 50-day moving average price of $63.65 and a 200-day moving average price of $57.22. The stock has a market cap of $12.44 billion, a P/E ratio of 21.06 and a beta of 1.30.

In other CarMax news, CFO Thomas W. Reedy, Jr. sold 3,000 shares of the stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $65.77, for a total transaction of $197,310.00. Following the completion of the transaction, the chief financial officer now owns 60,183 shares of the company’s stock, valued at $3,958,235.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas W. Reedy, Jr. sold 30,000 shares of the stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $67.15, for a total transaction of $2,014,500.00. Following the transaction, the chief financial officer now directly owns 87,183 shares of the company’s stock, valued at approximately $5,854,338.45. The disclosure for this sale can be found here. Insiders sold 164,685 shares of company stock valued at $10,898,864 over the last quarter. Company insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KMX. Shell Asset Management Co. raised its position in shares of CarMax by 27.2% in the second quarter. Shell Asset Management Co. now owns 14,342 shares of the company’s stock valued at $703,000 after buying an additional 3,064 shares during the period. Green Square Capital LLC raised its position in CarMax by 33.6% in the second quarter. Green Square Capital LLC now owns 9,550 shares of the company’s stock valued at $468,000 after buying an additional 2,400 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in CarMax by 16.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 7,688 shares of the company’s stock valued at $377,000 after buying an additional 1,098 shares during the last quarter. VNBTrust National Association acquired a new position in CarMax during the second quarter valued at approximately $3,305,000. Finally, Comgest Global Investors S.A.S. raised its position in CarMax by 33.3% in the second quarter. Comgest Global Investors S.A.S. now owns 32,000 shares of the company’s stock valued at $1,569,000 after buying an additional 8,000 shares during the last quarter.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

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