CarMax Company Profile (NYSE:KMX)

CarMax trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMX."

CarMax Inc (NYSE:KMX) issued its quarterly earnings data on Friday, September, 22nd. The company reported $0.98 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.94 by $0.04. The business earned $4.39 billion during the quarter, compared to analysts' expectations of $4.26 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The company's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. View CarMax's Earnings History.

10 analysts have issued twelve-month price objectives for CarMax's shares. Their predictions range from $48.00 to $82.00. On average, they anticipate CarMax's stock price to reach $72.10 in the next year. View Analyst Ratings for CarMax.

Here are some recent quotes from research analysts about CarMax stock:

• 1. According to Zacks Investment Research, "CarMax is one of the strongest operators in the used-car market, which helps it occupy a significant market share, among its peers. The company is also following an aggressive store expansion initiative to strengthen its presence and cater to a larger customer group. Moreover, it enhances shareholders value by undertaking frequent share buyback programs. Also, in the last three months, its shares have outperformed the industry it belongs to." (9/8/2017)
• 2. Wedbush analysts commented, " In this report, we explore the implications of a weakening credit environment on KMX, with a focus on the CarMax Auto Finance (CAF) business accounting for nearly 40% of operating income. Not only is KMX's core business heavily dependent on availability of adequately priced credit, but CAF adds substantial risk to the company's profile particularly as one considers that ~30% of its loans are non-prime and credit quality is weakening. With used car price declines accelerating along with increasing default rates for subprime loans and rising interest rates, we expect credit availability to tighten and CAF credit losses to rise. While retail sales trends may have been robust in recent months, and the company is now annualizing the pullback of Santander Consumer USA (SC), we believe these credit-oriented headwinds will weigh on KMX earnings over the next two years. We tick down our 2017 estimates further below consensus and reiterate our NEUTRAL rating." (3/27/2017)

Some companies that are related to CarMax include Yum! Brands (YUM), Ross Stores (ROST), Expedia (EXPE), Dollar General Corporation (DG), Tesco PLC (TSCDY), Dollar Tree (DLTR), O'Reilly Automotive (ORLY), Kroger Company (The) (KR), Koninklijke Ahold Delhaize NV (AHONY), Best Buy Co. (BBY), AutoZone (AZO), Restaurant Brands International (QSR), Ulta Beauty (ULTA), Fastenal Company (FAST), MercadoLibre (MELI), L Brands (LB), Gap, Inc. (The) (GPS) and Tiffany & Co. (TIF).

CarMax's management team includes the folowing people:

• William D. Nash, President, Chief Executive Officer, Director
• Thomas W. Reedy Jr., Chief Financial Officer, Executive Vice President
• William C. Wood Jr., Chief Operating Officer, Executive Vice President
• Diane Long Cafritz, Chief Human Resource Officer, Senior Vice President
• Edwin J. Hill, Executive Vice President - Strategy and Business Transformation
• Shamim Mohammad, Senior Vice President, Chief Information Officer
• James R. Lyski, Senior Vice President, Chief Marketing Officer
• Eric M. Margolin, Senior Vice President, General Counsel, Corporate Secretary
• Jon G. Daniels, Senior Vice President - CarMax Auto Finance
• Thomas J. Folliard IV, Non-Executive Chairman of the Board

CarMax's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.92%), BlackRock Inc. (6.08%), Principal Financial Group Inc. (5.01%), Baillie Gifford & Co. (4.77%), State Street Corp (4.22%) and Harris Associates L P (3.91%). Company insiders that own CarMax stock include Alan B Colberg, Edgar H Grubb, Edwin J Hill, Eric M Margolin, Jeffrey E Garten, Jon G Daniels, Mitchell D Steenrod, Mohammad Shamim, Natalie L Wyatt, Shira Goodman, Thomas J Folliard, Thomas W Reedy Jr, W Robert Grafton and William C Jr Wood. View Institutional Ownership Trends for CarMax.

CarMax's stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Harris Associates L P, Davis Selected Advisers, FMR LLC, State Street Corp, Baillie Gifford & Co., Sarasin & Partners LLP and Bank of New York Mellon Corp. Company insiders that have sold CarMax stock in the last year include Edgar H Grubb, Edwin J Hill, Eric M Margolin, Jeffrey E Garten, Jon G Daniels, Mitchell D Steenrod, Mohammad Shamim, Shira Goodman, Thomas J Folliard, Thomas W Reedy Jr, W Robert Grafton and William C Jr Wood. View Insider Buying and Selling for CarMax.

CarMax's stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Principal Financial Group Inc., UBS Oconnor LLC, Balyasny Asset Management LLC, William Blair Investment Management LLC, Vanguard Group Inc., Davidson Kempner Capital Management LP and Marathon Asset Management LLP. View Insider Buying and Selling for CarMax.

Shares of CarMax can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CarMax stock can currently be purchased for approximately $74.19.