CarMax Inc (KMX) Releases Earnings Results, Misses Expectations By $-0.02 EPS

CarMax Inc (KMX) reported quarterly earnings results on Tuesday, Jun-21-2016. The company reported $0.90 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.92. The company posted revenue of $4126.40 million in the period, compared to analysts expectations of $4203.38 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on CarMax Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $53 .CarMax Inc was Downgraded by Sterne Agee CRT to ” Neutral” on Mar 28, 2016.

CarMax Inc opened for trading at $50.74 and hit $51.84 on the upside on Monday, eventually ending the session at $50.63, with a gain of 1.02% or 0.51 points. The heightened volatility saw the trading volume jump to 61,56,814 shares. Company has a market cap of $9,814 M.

In a different news, on May 4, 2016, Thomas J Folliard (CEO) sold 18,906 shares at $52.27 per share price. According to the SEC, on Apr 28, 2016, Edgar H Grubb (director) sold 2,000 shares at $55.49 per share price. On Apr 28, 2016, Natalie L Wyatt (VP, Controller & PAO) sold 1,366 shares at $55.18 per share price, according to the Form-4 filing with the securities and exchange commission.

CarMax Inc. (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations excluding financing provided by CAF. The CarMax Sales Operations segment sells used vehicles purchases used vehicles from customers and other sources sells related products and services and arranges financing options for customers. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The CAF products and services include retail merchandising wholesale auctions extended protection plans (EPPs) reconditioning and service and customer credit.

CarMax Inc

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