CarMax Inc $ 124.09 -3.705 (-2.9%)
KMX News and Headlines - CarMax Inc
Investors looking for bargains may want to consider the following three businesses, as their stocks have a low price-to-median-price-sales-value when compared to the average of the S&P 500 (which stands at 1.54 as of the writing of this article).
This approach is based on the idea that the stock valuation will revert to its historical (10-year) average in terms of the price-sales ratio. The ratio has the current share price as the numerator and the trailing twelve-month revenue per share times the 10-year median price-sales ratio as the denominator.
Wall Street is also optimistic about these companies, as sell-side analysts
U.S. stocks were mixed on Thursday morning following Joe Biden's inauguration as the 46th President of the United States. The Dow fell 0.05% to 31,171, the S&P 500 index slid 0.02% to 3,851 and the Nasdaq Composite Index was up 0.16% to 13,478.
• The Travelers Companies, Inc. (TRV) +3.8%
• D.R. Horton, Inc. (DHI) +3.3%
• Lennar Corporation (LEN) +3.2%
• Ford Motor Co (F) +3.2%
• United Airlines Holdings, Inc. (UAL) -5.7%
• Molson Coors Beverage Co (TAP) -1.8%
• Invesco Ltd (IVZ) -1.4%
• Carmax Inc (KMX) -1.1%
U.S. stocks were in the green on Wednesday morning ahead of the inauguration of Joe Biden as the 46th President, with the first hours of work advocated to take action against the pandemic. The Dow gained 0.75% to 31,161, the S&P 500 index jumped 1.14% to 3,842 and the Nasdaq Composite Index was up 1.74%, to 13,429.
• Invesco Ltd (IVZ) +7%
• Ford Motor Co (F) +5.2%
• Carmax Inc (KMX) +5.1%
• ServiceNow Inc (NOW) +3.1%
• Under Armour Inc (UA) +2.2%
• The J M Smucker Co (SJM) -2.4%
• Kellogg Co
Shares of America's largest used-car retailer CarMax Inc. (KMX) are down more than 9% after the company reported the earnings results for its third quarter of fiscal 2021 last week. The company posted earnings and revenue that topped analyst expectations amid a challenging business environment.
Shares of CarMax are now up 105% since bottoming in March, but are only up about 1.67% year-to-date. In my opinion, this suggests that despite the impressive rally over the last nine months, there could still be some room left to run.
The latest pullback in the stock price
CarMax Inc. (KMX) released its third-quarter fiscal 2021 results before the market opened on Dec. 22. The company's earnings and revenue topped projections as auto sales rebounded.
Shares of the stock plunged 2.35% to $98.10 in pre-market trading following the earnings release.
By the numbers
The Richmond, Virginia-based used car retailer recorded earnings per share of $1.42 in the quarter, which reflected 36.5% growth year over year. Analysts had projected EPS of $1.11. Revenue of billion $5.18 billion grew 8.2% from the prior-year quarter and surpassed estimates of $4.98 billion.
President and CEO Bill Nash commented the following on the
Akre Capital Management recently disclosed its portfolio updates for the third quarter of 2020, which ended on Sept. 30.
Chuck Akre (Trades, Portfolio) founded Akre Capital Management in 1989 and serves as the chairman and Chief Investment Officer of the firm. Headquartered in Middleburg, Virginia, the firm's portfolio management team invests in a small number of quality businesses run by good managers who reinvest their free cash flow wisely. These are the three components that make up the unique "three-legged stool" investment philosophy which the firm is known for sticking closely to.
Based on its investing principles,
U.S. stocks were mixed on Friday morning with no clear direction. The Dow fell 0.03% to 28,355, the S&P 500 index rose 0.15% to 3,458 and the Nasdaq Composite Index was down 0.18% to 11,484.
• HollyFrontier Corp (HFC) +3.9%
• Valero Energy Corp (VLO) +3.3%
• Halliburton Co (HAL) +3.5%
• Unum Group (UNM) +2.8%
• Marathon Petroleum Corp (MPC) +1.9%
• Robert Half International Inc (RHI) -7.9%
• Tapestry Inc (TPR) -1.9
• Carmax Inc (KMX) -1.0%
• Under Armour Inc (UA) -0.8%
The main European stock markets traded in
The largest insider buys this week were in CarMax Inc. (KMX), Icahn Enterprises LP (IEP), Phillips 66 Partners LP (PSXP) and Highwoods Properties Inc. (HIW).
CarMax director bought 2,700 shares
Director Mark F. Oneil bought 2,700 shares of CarMax on Sept. 30 for an average price of $93.4. The share price has increased by 2.3% since then.
CarMax is a Fortune 500 company that is currently the largest used-car retailer in the U.S. The company is also a component of the S&P 500. The company has a market capitalization of $15.69 billion; as of Oct. 2, it traded at $95.55.
With the end of the third quarter just around the corner, investors can probably expect another round of earnings reports in which many publicly traded companies offer no guidance on future earnings. This will once again serve as a source of anxiety for some investors, who could feel they are missing out on a key insight into where the companies they own plan to be in the coming months.
The typical new excuse for not offering guidance is, of course, the Covid-19 pandemic. In many industries, such as travel, leisure and restaurants, this is to be expected, as no one
Shares of CarMax Inc. (KMX) fell more than 12% on Thursday after releasing its second-quarter results. Revenue of $5.37 billion, which grew 3.3% year over year, exceeded analysts' expectations by $290 million. Earnings per share were $1.79, beating estimates by 73 cents.
President and CEO Bill Nash, had the following to say:
"We are very pleased to report record revenues and profitability this quarter. The talent and commitment of our associates as well as the diversity of our business model allowed us to capitalize on the improved market environment to deliver a record quarter."
The gross profit
CarMax Inc. (KMX) released its second-quarter fiscal 2021 results before the market opened on Sept. 24. The company's earnings and revenue topped projections as auto sales rebounded and customers began recommencing their regular spending patterns.
By the numbers
The Richmond, Virginia-based used car retailer recorded earnings per share of $1.79 in the quarter, which reflected 27.9% growth year over year. Analysts had projected EPS of $1.03. Revenue of billion $5.37 billion grew 3.3% from the prior-year quarter and surpassed estimates of $5.21 billion.
President and CEO Bill Nash commented the following on the company's performance:
"We are very pleased
U.S. stocks were in the green on Wednesday morning after the S&P 500 rose yesterday for the first time in five sessions. Today, Nike (NKE) is pushing the Dow higher after beating Wall Street in earnings and revenue. The Dow advanced 0.55% to 27,437, the S&P 500 index advanced 0.14% to 3,318 and the Nasdaq Composite Index was down 0.22% to 10,939.
• Twitter, Inc. (TWTR) +4.5%
• CarMax Inc (KMX) +2.4%
• Twitter, Inc. (TWTR) +2.6%
• Norwegian Cruise Line Holdings Ltd. (NCLH) +1.4%
• Albemarle Corporation (ALB) -8.1%
• Tesla, Inc. (TSLA) -4.3%
U.S. stocks were mostly in the green on Tuesday morning after yesterday's loss. The Dow declined 0.10% to 27,119, the S&P 500 index advanced 0.19% to 3,287 and the Nasdaq Composite Index was up 0.22%, to 10,803.
• CarMax, Inc. (KMX) +4%
• Lockheed Martin Corporation (LMT) 2.6%
• Royal Caribbean Group (RCL) +2.5%
• Wynn Resorts, Limited (WYNN) +1%
• Eastman Kodak (KODK) -3.9%
• HCA Healthcare, Inc. (HCA) -3.4%
• Edwards Lifesciences Corporation (EW) -3.2%
• Host Hotels & Resorts, Inc. (HST) -0.7%
The main European stock markets traded in
Chuck Akre (Trades, Portfolio)'s Akre Capital Management manages a $13.72 billion equity portfolio composed of 28 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter of 2020.
The fund trimmed its position in Markel Corp. (MKL) by 1.41%. The trade had an impact of -0.06% on the portfolio.
The property and casualty insurance company has a market cap of $5.07 billion and an enterprise value of $14.45 billion.
GuruFocus gives the company a profitability and growth rating of 6 out
Looking to support growth in the company’s insurance operations, Markel Corp. (MKL) co-CEO Tom Gayner (Trades, Portfolio) said in a July 29 earnings call that he significantly reduced the Virginia-based insurance company’s exposure to publicly-traded securities during the strong market rally of the second quarter. Among Gayner’s double-digit sale transactions, the top five divestments in terms of portfolio weight were CarMax Inc. (KMX), Marriott International Inc. (MAR), Walgreens Boots Alliance Inc. (WBA), Automatic Data Processing Inc. (ADP) and Anthem Inc. (ANTM).
Guru cuts back on equity exposure following strong market
Greetings from Middleburg. We hope this update finds you and your families well. While there is no distinct timeline for a return to normal life, we are pleased to report that the business continuity plans we implemented in March in response to COVID-19 continue to work well, and there has been virtually no discernable impact on our operations.
The Akre Focus Fund’s second quarter 2020 performance for the Institutional share class was 21.66% compared with S&P 500 Total Return at 20.54%. Year-to-date performance for the Institutional share class was 8.11% compared with the S&P 500 Total Return at -3.08%.
U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.
• The Gap, Inc. (GPS) +7.9%
• Newmont Corporation (NEM) +4.6%
• Nordstrom, Inc. (JWN) +2.9%
• CarMax, Inc. (KMX) 2.3%
• Norwegian Cruise Line Holdings Ltd. (NCLH) -3.9%
• Wynn Resorts, Limited (WYNN) -3.5%
• Host Hotels & Resorts, Inc. (HST) -3.8%
• H&R Block, Inc. (HRB) -3.4%
The main European stock markets traded in the
Shares of used car retailer CarMax Inc. (KMX) tumbled over 4% after posting first-quarter 2021 financial results before the opening bell on Friday.
Like many other dealerships and automakers, the Richmond, Virginia-based company has felt the effects of the coronavirus lockdown as it closed or reduced operations at roughly half its more than 200 stores. It also furloughed 15,500 employees, stopped store expansions, reduced inventory levels and halted its share repurchase program. The company also noted that more than 80% of the days in the quarter, which ended May 31, were negatively impacted by the “mix of store closures and
CarMax Inc. (KMX), the largest retailer of used cars in the United States, is now in the second year of its omnichannel strategy, “omnichannel” referring to the integration of online and traditional retailing.
If well executed, the strategy promises a seamless integration between the online experience and the brick-and-mortar experience for customers. For example, consumer product retailers such as Costco (COST) and Walmart (WMT) allow customers to order online and pick up their orders at the nearest brick-and-mortar location.
According to its latest 10-K, the strategy allows customers to shop its inventory of more than 80,000 vehicles at
According to GuruFocus data, the largest Insider Buys this week were for Morgan Stanley (MS), Charles Schwab Corp. (SCHW), CarMax Inc. (KMX) and Citizens Financial Group Inc. (CFG).
Morgan Stanley: Director Stephen J. Luczo bought 55,000 shares
Director Stephen J. Luczo bought 19,000 shares on April 17 at the average price of $38.68. The price of the stock has decreased by 1.84% since.
Morgan Stanley is an American international investment bank and financial services company. The company has offices in more than 42 countries and employs more than 55,000 individuals. The company’s clients include corporations, governments, institutions and individuals and
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|2020-09-30 $ 91.91 (-1.26%)|
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|2020-09-25 $ 94.03 (-0.27%)|
|2020-09-24 $ 94.28 (-11%)|
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|2020-09-23 $ 105.93 (1.56%)|
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|2020-09-21 $ 101.12 (-1.89%)|
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|2020-09-09 $ 105.15 (0.51%)|
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|2020-09-03 $ 106.32 (-2.1%)|
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|2020-06-23 $ 92.21 (-1.86%)|
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|2020-06-19 $ 91.87 (-6.17%)|
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