CarMax Inc (KMX) announced its most recent quarterly financial results on Wednesday, Sep-21-2016. KMX reported $0.88 EPS for the quarter. Analysts had a consensus estimate of $0.88. The company posted revenue of $3997.20 million in the period, compared to analysts expectations of $4106.03 million. KMX’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
Many Wall Street Analysts have commented on CarMax Inc. CarMax Inc was Downgraded by Buckingham Research to ” Neutral” on Sep 9, 2016. Susquehanna Initiated CarMax Inc on Aug 26, 2016 to “Positive”, Price Target of the shares are set at $70.Company shares were Reiterated by Wedbush on Aug 18, 2016 to “Neutral”, Firm has raised the Price Target to $ 55 from a previous price target of $44 .
CarMax Inc closed down -0.82 points or -1.45% at $55.76 with 39,82,102 shares getting traded on Tuesday. Post opening the session at $56.82, the shares hit an intraday low of $55.655 and an intraday high of $57.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 16, 2016, William C Jr. Wood (EVP & COO) sold 37,948 shares at $59.53 per share price. According to the SEC, on Aug 16, 2016, Eric M Margolin (EVP, Gen. Counsel & Secretary) sold 12,639 shares at $60.21 per share price. On Jul 27, 2016, Edwin J Hill (EVP) sold 51,875 shares at $57.59 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.