CarMax (KMX) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month target prices for CarMax's shares. Their KMX share price forecasts range from $44.00 to $105.00. On average, they anticipate the company's stock price to reach $77.60 in the next year. This suggests that the stock has a possible downside of 1.6%.
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CarMax's stock was trading at $60.89 at the beginning of 2023. Since then, KMX shares have increased by 29.6% and is now trading at $78.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
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CarMax will be holding an earnings conference call on Thursday, September 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0665.

CarMax, Inc. (NYSE:KMX) issued its earnings results on Friday, June, 23rd. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.65. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.49 billion. CarMax had a trailing twelve-month return on equity of 7.46% and a net margin of 1.64%. CarMax's quarterly revenue was down 17.4% compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share.
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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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMX."

CarMax's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.71%), Principal Financial Group Inc. (6.34%), State Street Corp (3.93%), Ruane Cunniff & Goldfarb L.P. (3.81%), Capital Research Global Investors (3.58%) and Diamond Hill Capital Management Inc. (3.37%). 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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One share of KMX stock can currently be purchased for approximately $78.90.

CarMax (NYSE:KMX) has a market capitalization of $12.48 billion and generates $29.68 billion in revenue each year. The company earns $484.76 million in net income (profit) each year or $2.91 on an earnings per share basis.

The company employs 30,621 workers across the globe.

CarMax's mailing address is 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA, 23238. The official website for the company is www.carmax.com. The company can be reached via phone at (804) 747-0422, via email at investor_relations@carmax.com, or via fax at 804-217-6819.