CarMax, Inc. (NYSE:KMX – Get Rating) – Equities researchers at Wedbush decreased their FY2025 earnings estimates for CarMax in a report released on Thursday, January 19th. Wedbush analyst S. Basham now expects that the company will post earnings per share of $3.38 for the year, down from their previous forecast of $3.41. The consensus estimate for CarMax’s current full-year earnings is $2.84 per share.
Several other analysts also recently issued reports on the stock. Argus downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. JPMorgan Chase & Co. cut CarMax from a “neutral” rating to an “underweight” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 11th. Morgan Stanley reduced their target price on CarMax from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, December 28th. Evercore ISI reduced their target price on CarMax from $63.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, December 23rd. Finally, Stephens reduced their target price on CarMax from $64.00 to $53.00 in a research note on Friday, December 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.40.
CarMax Stock Up 6.3 %
CarMax (NYSE:KMX – Get Rating) last issued its quarterly earnings data on Thursday, December 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.50). CarMax had a net margin of 1.82% and a return on equity of 10.69%. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same period last year, the business earned $1.63 EPS. The firm’s revenue was down 23.7% compared to the same quarter last year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Curi Wealth Management LLC grew its holdings in CarMax by 595.2% during the second quarter. Curi Wealth Management LLC now owns 292 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the period. CENTRAL TRUST Co boosted its position in shares of CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. MV Capital Management Inc. boosted its position in shares of CarMax by 233.7% in the 2nd quarter. MV Capital Management Inc. now owns 297 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares during the period. Clear Street Markets LLC boosted its position in shares of CarMax by 410.6% in the 2nd quarter. Clear Street Markets LLC now owns 337 shares of the company’s stock valued at $30,000 after purchasing an additional 271 shares during the period. Finally, Ronald Blue Trust Inc. acquired a new stake in CarMax during the 2nd quarter worth about $30,000.
Insiders Place Their Bets
In other CarMax news, President & CEO William D. Nash purchased 8,220 shares of the stock in a transaction dated Friday, December 30th. The shares were bought at an average cost of $60.98 per share, with a total value of $501,255.60. Following the completion of the acquisition, the insider now owns 165,128 shares of the company’s stock, valued at $10,069,505.44. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.65% of the stock is owned by corporate insiders.
CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.
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