CarMax - KMX Stock Forecast, Price & News

CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

CarMax Stock Performance

Shares of NYSE:KMX traded down $2.71 during trading hours on Friday, reaching $96.03. 7,995 shares of the stock were exchanged, compared to its average volume of 1,030,118. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 2.72. CarMax has a 52 week low of $84.37 and a 52 week high of $155.98. The stock's fifty day simple moving average is $94.84 and its 200 day simple moving average is $97.73.

CarMax (NYSE:KMX - Get Rating) last issued its earnings results on Friday, June 24th. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.05. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.38 billion. CarMax had a return on equity of 18.40% and a net margin of 2.88%. During the same quarter last year, the business posted $2.63 EPS. Sell-side analysts predict that CarMax will post 5.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMX shares. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $110.00 to $105.00 in a research note on Tuesday, June 7th. Needham & Company LLC started coverage on CarMax in a research note on Monday, May 2nd. They issued a "hold" rating on the stock. Morgan Stanley lowered their price target on CarMax from $140.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. Wedbush lifted their target price on CarMax from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Monday, June 27th. Finally, Royal Bank of Canada increased their price target on CarMax from $104.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus target price of $126.89.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 18,092 shares of the business's stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the completion of the sale, the executive vice president now directly owns 4,988 shares of the company's stock, valued at approximately $454,207.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 18,092 shares of the business's stock in a transaction on Friday, July 1st. The shares were sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the sale, the executive vice president now owns 4,988 shares of the company's stock, valued at approximately $454,207.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane L. Cafritz sold 15,555 shares of the company's stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the completion of the transaction, the executive vice president now directly owns 4,988 shares in the company, valued at approximately $472,613. The disclosure for this sale can be found here. Insiders sold 37,103 shares of company stock valued at $3,445,847 in the last three months. Corporate insiders own 1.65% of the company's stock.