CarMax (KMX) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued twelve-month price targets for CarMax's stock. Their KMX share price forecasts range from $44.00 to $105.00. On average, they predict the company's share price to reach $77.60 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
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CarMax's stock was trading at $60.89 at the start of the year. Since then, KMX shares have increased by 25.9% and is now trading at $76.66.
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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) posted its quarterly earnings results on Friday, June, 23rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.65. The business earned $7.69 billion during the quarter, compared to the consensus estimate of $7.49 billion. CarMax had a net margin of 1.64% and a trailing twelve-month return on equity of 7.46%. The company's revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 many different retail and institutional 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 $76.66.

CarMax (NYSE:KMX) has a market capitalization of $12.13 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.