CarMax (NYSE:KMX – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01), Briefing.com reports. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share.
CarMax Price Performance
KMX stock traded down $0.89 during trading on Friday, hitting $77.32. The stock had a trading volume of 2,728,204 shares, compared to its average volume of 1,952,629. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The company’s 50 day moving average price is $79.71 and its two-hundred day moving average price is $76.37. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22.
Insider Transactions at CarMax
In related news, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now owns 15,609 shares in the company, valued at approximately $1,249,032.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The disclosure for this sale can be found here. Insiders sold a total of 184,012 shares of company stock worth $14,803,843 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on CarMax
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.
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