CarMax Stock Price, News & Analysis (NYSE:KMX)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KMX, but not buy additional shares or sell existing shares.
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12 equities research analysts have issued 12-month price objectives for CarMax's shares. Their KMX share price targets range from $44.00 to $105.00. On average, they predict the company's share price to reach $75.80 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
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CarMax's stock was trading at $60.89 on January 1st, 2023. Since then, KMX shares have increased by 10.7% and is now trading at $67.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 21st 2023.
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CarMax will be holding an earnings conference call on Thursday, December 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0681.

CarMax, Inc. (NYSE:KMX) issued its quarterly earnings results on Thursday, September, 28th. The company reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The firm earned $7.07 billion during the quarter, compared to the consensus estimate of $7.02 billion. CarMax had a trailing twelve-month return on equity of 7.14% and a net margin of 1.68%. The company's revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.
Read the conference call transcript.

ETFs with the largest weight of CarMax (NYSE:KMX) stock in their portfolio include Kovitz Core Equity ETF (EQTY), Invesco S&P 500 Pure Value ETF (RPV), FPA Global Equity ETF (FPAG), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), SPDR S&P Retail ETF (XRT), Schwab Ariel ESG ETF (SAEF) and Global X Millennial Consumer ETF (MILN).

1,023 employees have rated CarMax Chief Executive Officer Bill Nash on Glassdoor.com. Bill Nash has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CarMax investors own include NVIDIA (NVDA), Intel (INTC), Walt Disney (DIS), Advanced Micro Devices (AMD), Tesla (TSLA), QUALCOMM (QCOM), Netflix (NFLX), Cisco Systems (CSCO), Micron Technology (MU) and Home Depot (HD).

CarMax's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (6.23%), Primecap Management Co. CA (3.60%), Ruane Cunniff & Goldfarb L.P. (3.51%), Diamond Hill Capital Management Inc. (3.50%), Wellington Management Group LLP (2.27%) and Invesco Ltd. (1.85%). Insiders that own company stock include Charles Joseph Wilson, Darren C Newberry, Diane L Cafritz, Diane L Cafritz, Edwin J Hill, Edwin J Hill, Enrique N Mayor-Mora, Eric M Margolin, Eric M Margolin, James Lyski, Jill A Livesay, Jon G Daniels, Mohammad Shamim, Ronald E Blaylock, Thomas J Folliard, Thomas W Reedy Jr and William D Nash.
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Shares of KMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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