CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in 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; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale. 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. In addition, it sells new vehicles under franchise agreements. As of April 4, 2018, the company operated 189 stores in 41 states. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Automotive dealers & gasoline service stations
Sub-IndustryAutomotive Retail
SectorRetail/Wholesale
SymbolNYSE:KMX
CUSIP14313010
Phone804-747-0422
Debt
Debt-to-Equity Ratio3.80
Current Ratio2.30
Quick Ratio0.54
Price-To-Earnings
Trailing P/E Ratio19.83
Forward P/E Ratio16.77
P/E Growth1.14
Sales & Book Value
Annual Sales$17.12 billion
Price / Sales0.80
Cash Flow$4.7765 per share
Price / Cash16.15
Book Value$19.16 per share
Price / Book4.03
Profitability
EPS (Most Recent Fiscal Year)$3.70
Net Income$664.11 million
Net Margins3.98%
Return on Equity21.54%
Return on Assets4.10%
Miscellaneous
Employees25,110
Outstanding Shares176,560,000
Market Cap$13,620.15
CarMax (NYSE:KMX) Frequently Asked Questions
What is CarMax's stock symbol?
CarMax trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMX."
How were CarMax's earnings last quarter?
CarMax, Inc (NYSE:KMX) announced its earnings results on Friday, June, 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.24 by $0.09. The business earned $4.79 billion during the quarter, compared to analyst estimates of $4.60 billion. CarMax had a return on equity of 21.54% and a net margin of 3.98%. CarMax's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. View CarMax's Earnings History.
When is CarMax's next earnings date?
What price target have analysts set for KMX?
21 equities research analysts have issued 1-year price objectives for CarMax's stock. Their predictions range from $63.00 to $98.00. On average, they anticipate CarMax's share price to reach $83.0588 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Ratings for CarMax.
What is the consensus analysts' recommendation for CarMax?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about CarMax stock?
Here are some recent quotes from research analysts about CarMax stock:
- 1. According to Zacks Investment Research, "CarMax’s adjusted earnings and revenues beat the Zacks Consensus Estimate in the first quarter of fiscal 2019. Compared with year-ago figures, both earnings per share and revenues were higher. Over the past month, the company’s stock has seen the Zacks Consensus Estimate for quarterly and annual earnings being revised 3.5% and 3% upward, respectively. Carmax is one of the strongest operators in the used-car market and holds a significant market share among its peers that enable it outperform among its peers in the industry. Further, the company also follows an aggressive store expansion initiative to reach more customers. Also, increasing cash flow and strengthening balance sheet enables it to consistently enhance shareholder value through buybacks. " (7/10/2018)
- 2. Oppenheimer Holdings Inc. analysts commented, "innovative omni-channel business" remains unchanged despite the downgrade, Nagel commented in his note. The company's "upbeat, longer term outlook" also remains unchanged but the stock is now vulnerable to even the most "modest changes" in underlying fundamentals."We often disagree with the myriad bearish theories that weigh on KMX, but nonetheless recognize the susceptibility of shares to even modest, near-term fundamental challenges," the analyst wrote.However, there are nevertheless a few reasons for investors to be concerned with the auto company, Nagel acknowledged. The Street is forecasting the company to report upwards of a low- to mid-single-digit used unit comp gain in its fourth quarter, which is above the analyst's own estimate of flat to plus 2 percent. As such, the company's momentum remains "intact" but "maybe not enough" in the near term.Bottom line, CarMax's prospects remain unchanged amid multiple internal and external tailwinds but difficult comparisons could disrupt top-line momentum and result in the Street revising their forecasts lower which could impact the stock."We await a moderation in Street estimates and/or a pullback in the now premium KMX multiple before re-recommending shares near term," (10/5/2017)
Are investors shorting CarMax?
CarMax saw a drop in short interest in the month of June. As of June 29th, there was short interest totalling 13,101,689 shares, a drop of 22.4% from the June 15th total of 16,885,545 shares. Based on an average trading volume of 3,417,739 shares, the days-to-cover ratio is currently 3.8 days. Currently, 7.4% of the shares of the company are sold short. View CarMax's Current Options Chain.
Who are some of CarMax's key competitors?
Some companies that are related to CarMax include Copart (CPRT), KAR Auction Services (KAR), Carvana (CVNA), AutoNation (AN), Penske Automotive Group (PAG), Casey's General Stores (CASY), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises, Inc. Class B (RUSHB), Rush Enterprises, Inc. Class A (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).
Who are CarMax's key executives?
CarMax's management team includes the folowing people:
- Mr. William D. Nash, Pres, CEO & Director (Age 49)
- Mr. Thomas W. Reedy, Exec. VP & CFO (Age 54)
- Mr. William C. Wood Jr., Exec. VP & COO (Age 51)
- Mr. Eric M. Margolin, Exec. VP, Gen. Counsel & Corp. Sec. (Age 64)
- Mr. Edwin J. Hill, Exec. VP of Strategy & Bus. Transformation (Age 58)
Has CarMax been receiving favorable news coverage?
Media headlines about KMX stock have trended very positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CarMax earned a media sentiment score of 0.51 on Accern's scale. They also assigned headlines about the company an impact score of 48.24 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are CarMax's major shareholders?
CarMax's stock is owned by many different of retail and institutional investors. Top institutional investors include Welch & Forbes LLC (0.61%), Fenimore Asset Management Inc. (0.53%), Calamos Advisors LLC (0.41%), DnB Asset Management AS (0.32%), Baillie Gifford & Co. (0.26%) and Nisa Investment Advisors LLC (0.06%). Company insiders that own CarMax stock include Charles Joseph Wilson, Darren C Newberry, Diane L Cafritz, Edgar H Grubb, Edwin J Hill, Eric M Margolin, James Lyski, Jeffrey E Garten, Jon G Daniels, Mitchell D Steenrod, Mohammad Shamim, Peter J Bensen, Shira Goodman, Thomas J Folliard, Thomas W Reedy Jr, W Robert Grafton, William C Jr Wood, William D Nash and William R Tiefel. View Institutional Ownership Trends for CarMax.
Which major investors are selling CarMax stock?
KMX stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Selz Capital LLC, Hartford Investment Management Co., DnB Asset Management AS, Welch & Forbes LLC, Verus Financial Partners Inc., State of Alaska Department of Revenue and Retirement Systems of Alabama. Company insiders that have sold CarMax company stock in the last year include Charles Joseph Wilson, Darren C Newberry, Diane L Cafritz, Edgar H Grubb, Edwin J Hill, Eric M Margolin, James Lyski, Jon G Daniels, Mohammad Shamim, Thomas J Folliard, Thomas W Reedy Jr, William C Jr Wood, William D Nash and William R Tiefel. View Insider Buying and Selling for CarMax.
Which major investors are buying CarMax stock?
KMX stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Fenimore Asset Management Inc., Leith Wheeler Investment Counsel Ltd., Clinton Group Inc., Cape Cod Five Cents Savings Bank, IFM Investors Pty Ltd, Municipal Employees Retirement System of Michigan and Xact Kapitalforvaltning AB. Company insiders that have bought CarMax stock in the last two years include Peter J Bensen and W Robert Grafton. View Insider Buying and Selling for CarMax.
How do I buy shares of CarMax?
Shares of KMX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CarMax's stock price today?
One share of KMX stock can currently be purchased for approximately $77.14.
How big of a company is CarMax?
CarMax has a market capitalization of $13.62 billion and generates $17.12 billion in revenue each year. The company earns $664.11 million in net income (profit) each year or $3.70 on an earnings per share basis. CarMax employs 25,110 workers across the globe.
How can I contact CarMax?
CarMax's mailing address is 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA, 23238. The company can be reached via phone at 804-747-0422 or via email at [email protected]
MarketBeat Community Rating for CarMax (NYSE KMX)
MarketBeat's community ratings are surveys of what our community members think about CarMax and other stocks. Vote "Outperform" if you believe KMX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KMX will underperform the S&P 500 over the long term. You may vote once every thirty days.
