CarMax - KMX Stock Forecast, Price & News

12 Wall Street research 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 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 twelve-month price targets for CarMax's shares. Their KMX share price forecasts range from $49.00 to $75.00. On average, they expect the company's share price to reach $62.30 in the next year. This suggests that the stock has a possible downside of 3.1%.
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CarMax's stock was trading at $60.89 on January 1st, 2023. Since then, KMX shares have increased by 5.6% and is now trading at $64.28.
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CarMax saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 23,470,000 shares, an increase of 6.0% from the February 13th total of 22,140,000 shares. Based on an average daily trading volume, of 2,640,000 shares, the days-to-cover ratio is presently 8.9 days. Currently, 14.9% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 11th 2023.
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CarMax will be holding an earnings conference call on Tuesday, April 11th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-1347.

CarMax, Inc. (NYSE:KMX) released its earnings results on Wednesday, December, 22nd. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.44 by $0.19. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $7.38 billion. CarMax had a trailing twelve-month return on equity of 10.69% and a net margin of 1.82%. The company's quarterly revenue was up 64.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 EPS.
Read the conference call transcript.

ETFs with the largest weight of CarMax (NYSE:KMX) stock in their portfolio include ALPS Hillman Active Value ETF (HVAL), FPA Global Equity ETF (FPAG), Invesco S&P 500 Pure Value ETF (RPV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), SPDR S&P Retail ETF (XRT), Schwab Ariel ESG ETF (SAEF), Direxion Daily Retail Bull 3X Shares (RETL) and Innovator Gradient Tactical Rotation Strategy ETF (IGTR).

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 retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (6.61%), Ruane Cunniff & Goldfarb L.P. (3.97%), Diamond Hill Capital Management Inc. (3.41%), Fiduciary Management Inc. WI (2.08%), Geode Capital Management LLC (2.02%) and Cooke & Bieler LP (1.51%). 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, Shira Goodman, 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 $64.28.

CarMax (NYSE:KMX) has a market capitalization of $10.16 billion and generates $31.90 billion in revenue each year. The company earns $1.15 billion in net income (profit) each year or $3.57 on an earnings per share basis.

The company employs 32,647 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.