CarMax Company Profile (NYSE:KMX)

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

CarMax Inc (NYSE:KMX) announced its quarterly earnings results on Friday, September, 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.95 by $0.03. The business earned $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. View CarMax's Earnings History.

CarMax is scheduled to release their next quarterly earnings announcement on Tuesday, December, 19th 2017. View Earnings Estimates for CarMax.

13 analysts have issued 12 month price objectives for CarMax's stock. Their forecasts range from $48.00 to $84.00. On average, they expect CarMax's stock price to reach $78.23 in the next twelve months. View Analyst Ratings for CarMax.

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

• 1. Oppenheimer Holdings, Inc. analysts commented, "innovative omni-channel business" remains unchanged despite the downgrade, Nagel commented in his note. The company's "upbeat, longer term outlook" also remains unchanged but the stock is now vulnerable to even the most "modest changes" in underlying fundamentals."We often disagree with the myriad bearish theories that weigh on KMX, but nonetheless recognize the susceptibility of shares to even modest, near-term fundamental challenges," the analyst wrote.However, there are nevertheless a few reasons for investors to be concerned with the auto company, Nagel acknowledged. The Street is forecasting the company to report upwards of a low- to mid-single-digit used unit comp gain in its fourth quarter, which is above the analyst's own estimate of flat to plus 2 percent. As such, the company's momentum remains "intact" but "maybe not enough" in the near term.Bottom line, CarMax's prospects remain unchanged amid multiple internal and external tailwinds but difficult comparisons could disrupt top-line momentum and result in the Street revising their forecasts lower which could impact the stock."We await a moderation in Street estimates and/or a pullback in the now premium KMX multiple before re-recommending shares near term," (10/5/2017)
• 2. According to Zacks Investment Research, "CarMax reported better-than-expected second quarter of fiscal 2018 (ended Aug 31, 2017) earnings per share. Revenues also beat the Zacks Consensus Estimate during the quarter. The company 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." (9/26/2017)
• 3. 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)

CarMax saw a decline in short interest during the month of September. As of September 29th, there was short interest totalling 14,268,996 shares, a decline of 41.2% from the September 15th total of 24,281,247 shares. Based on an average daily volume of 3,030,924 shares, the days-to-cover ratio is currently 4.7 days. Currently, 7.8% of the company's shares are short sold.

Some companies that are related to CarMax include Yum! Brands (YUM), Ctrip.com International (CTRP), Ross Stores (ROST), Expedia (EXPE), Dollar General Corporation (DG), Dollar Tree (DLTR), Tesco PLC (TSCDY), Kroger Company (The) (KR), O'Reilly Automotive (ORLY), Koninklijke Ahold Delhaize NV (AHONY), Best Buy Co. (BBY), AutoZone (AZO), Carrefour SA (CRRFY), Restaurant Brands International (QSR), Carrefour Sa Spon (CRRFY), Fastenal Company (FAST), Ulta Beauty (ULTA) and L Brands (LB).

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 many different of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.16%), State Treasurer State of Michigan (0.03%), Arcadia Investment Management Corp MI (0.03%), Shell Asset Management Co. (0.02%), Leith Wheeler Investment Counsel Ltd. (0.02%) and Eqis Capital Management Inc. (0.01%). Company insiders that own CarMax stock include Alan B Colberg, Diane L Cafritz, 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, William C Jr Wood, William D Nash and William R Tiefel. View Institutional Ownership Trends for CarMax.

CarMax's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Arcadia Investment Management Corp MI. Company insiders that have sold CarMax stock in the last year include Diane L Cafritz, Edgar H Grubb, Edwin J Hill, Eric M Margolin, Jon G Daniels, Mitchell D Steenrod, Mohammad Shamim, Shira Goodman, Thomas J Folliard, Thomas W Reedy Jr, W Robert Grafton, William C Jr Wood, William D Nash and William R Tiefel. View Insider Buying and Selling for CarMax.

CarMax's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co., APG Asset Management N.V., Carnick & Kubik Group LLC, Leith Wheeler Investment Counsel Ltd., Assenagon Asset Management S.A., Eqis Capital Management Inc. and Quantitative Systematic Strategies 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 $75.14.