$0.89 EPS Expected for CarMax Inc. (KMX)

March 15, 2018 - By Marie Mckinney

 $0.89 EPS Expected for CarMax Inc. (KMX)
Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.01, from 0.91 in 2017Q2. It turned negative, as 25 investors sold CarMax Inc. shares while 163 reduced holdings. 57 funds opened positions while 112 raised stakes. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported.
Moreover, Farmers And Merchants has 0% invested in CarMax Inc. (NYSE:KMX). Pnc Group Inc invested in 0.02% or 200,589 shares. 11,400 are owned by Louisiana State Employees Retirement Systems. Quantitative Systematic Strategies Llc reported 0.17% in CarMax Inc. (NYSE:KMX). Raymond James Fincl Advsrs, a Florida-based fund reported 60,369 shares. Davidson Kempner Cap Management Ltd Partnership, New York-based fund reported 350,000 shares. Barr E S And reported 276,511 shares. Deutsche Savings Bank Ag holds 4.73M shares or 0.25% of its portfolio. Kentucky Retirement Systems has 11,372 shares for 0.07% of their portfolio. Wells Fargo Com Mn stated it has 973,213 shares or 0.02% of all its holdings. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys invested 0.02% in CarMax Inc. (NYSE:KMX). Prescott Group Inc Capital Mngmt Lc invested in 20,000 shares or 0.31% of the stock. 103,537 are held by Old Natl Bancorp In. First Advisors Lp holds 0.04% or 202,413 shares. Davis Selected Advisers reported 1.31% in CarMax Inc. (NYSE:KMX).

Since September 26, 2017, it had 1 insider buy, and 19 selling transactions for $47.67 million activity. On Tuesday, September 26 Wood William C Jr. sold $14.84 million worth of CarMax Inc. (NYSE:KMX) or 201,701 shares. Shares for $419,370 were sold by Cafritz Diane L. Hill Edwin J had sold 25,000 shares worth $1.89 million. $5.56M worth of CarMax Inc. (NYSE:KMX) was sold by Reedy Thomas W JR. On Thursday, October 5 Grubb Edgar H sold $869,588 worth of CarMax Inc. (NYSE:KMX) or 11,388 shares. Daniels Jon G also sold $3.72M worth of CarMax Inc. (NYSE:KMX) shares.

Analysts expect CarMax Inc. (NYSE:KMX) to report $0.89 EPS on April, 4 before the open.They anticipate $0.08 EPS change or 9.88 % from last quarter’s $0.81 EPS. KMX’s profit would be $160.95M giving it 17.64 P/E if the $0.89 EPS is correct. After having $0.81 EPS previously, CarMax Inc.’s analysts see 9.88 % EPS growth. The stock increased 0.29% or $0.18 during the last trading session, reaching $62.8. About 1.65 million shares traded. CarMax Inc. (NYSE:KMX) has risen 26.17% since March 15, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

CarMax Inc. (NYSE:KMX) Ratings Coverage

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc had 60 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, December 21. The stock of CarMax Inc. (NYSE:KMX) has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. The company was downgraded on Friday, March 11 by Northcoast. Deutsche Bank maintained CarMax Inc. (NYSE:KMX) rating on Friday, April 8. Deutsche Bank has “Hold” rating and $67 target. The stock of CarMax Inc. (NYSE:KMX) earned “Neutral” rating by Wedbush on Thursday, August 18. The stock of CarMax Inc. (NYSE:KMX) has “Buy” rating given on Thursday, December 21 by Credit Suisse. The stock has “Buy” rating by Deutsche Bank on Tuesday, October 25. The firm earned “Underperform” rating on Thursday, March 17 by Wolfe Research. As per Friday, August 26, the company rating was initiated by Susquehanna. Oppenheimer maintained CarMax Inc. (NYSE:KMX) rating on Monday, June 19. Oppenheimer has “Buy” rating and $7200 target.

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company has market cap of $11.36 billion. The firm operates in two divisions, CarMax Sales Operations and CarMax Auto Finance. It has a 16.8 P/E ratio. It offers clients a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to clients at the time of sale.

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