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 results on Wednesday, June, 21st. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. The business earned $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. View CarMax's Earnings History.

CarMax is scheduled to release their next quarterly earnings announcement on Friday, September, 22nd 2017. View Earnings Estimates for CarMax.

12 analysts have issued twelve-month target prices for CarMax's stock. Their forecasts range from $48.00 to $82.00. On average, they anticipate CarMax's share price to reach $68.73 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 has outperformed the Zacks-categorized Retail/Wholesale-Auto Parts industry in the last three months. Lately, both the quarterly and the yearly earnings estimates are moving up. CarMax’s focus on the used-car market helps it to outperform the industry. The company is among the strongest operators in its peer group. Also, its aggressive store-expansion is expected to benefit the company. Moreover, share repurchases will boost shareholder returns. However, the average selling prices in used vehicle as well as wholesale vehicle segment has been declining. The increase in the supply of used vehicles is expected to further lower prices." (7/11/2017)
• 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 Expedia (EXPE), Kroger Company (The) (KR), Ross Stores (ROST), Dollar General Corporation (DG), Tesco PLC (TSCDY), Koninklijke Ahold Delhaize NV (AHONY), O'Reilly Automotive (ORLY), Best Buy Co. (BBY), Dollar Tree (DLTR), Ulta Beauty (ULTA), Restaurant Brands International (QSR), AutoZone (AZO), Whole Foods Market (WFM), L Brands (LB), MercadoLibre (MELI), Fastenal Company (FAST), Tiffany & Co. (TIF) and Darden Restaurants (DRI).

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 variety of of retail and institutional investors. Top institutional shareholders include MELVIN CAPITAL MANAGEMENT LP (5.10%), Russell Investments Group Ltd. (0.60%), Fenimore Asset Management Inc. (0.48%), Marathon Asset Management LLP (0.41%), DnB Asset Management AS (0.37%) and Nexus Investment Management Inc. (0.17%). 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 Quantitative Systematic Strategies LLC, Rockefeller Financial Services Inc., Nexus Investment Management Inc., BB&T Corp, Exxonmobil Investment Management Inc. TX, Independent Portfolio Consultants Inc., DnB Asset Management AS and Patten & Patten Inc. TN. 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 purchased by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Russell Investments Group Ltd., Bank of Montreal Can, Mn Services Vermogensbeheer B.V., National Pension Service, VNBTrust National Association, Howland Capital Management LLC and Aperio Group LLC. 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 $66.18.