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 CarMax stock traded down $4.21 on Wednesday, reaching $100.01. 1,472,545 shares of the company were exchanged, compared to its average volume of 1,662,825. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 2.72. The company's 50-day moving average is $94.87 and its two-hundred day moving average is $97.82. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.11 and a beta of 1.39. CarMax has a 1-year low of $84.37 and a 1-year high of $155.98.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KMX shares. Royal Bank of Canada upped their target price on CarMax from $104.00 to $108.00 and gave the stock an "outperform" rating in a research report on Monday, June 27th. Needham & Company LLC assumed coverage on CarMax in a report on Monday, May 2nd. They issued a "hold" rating for the company. JPMorgan Chase & Co. reduced their price target on CarMax from $110.00 to $105.00 in a report on Tuesday, June 7th. Morgan Stanley reduced their price target on CarMax from $140.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Finally, Wedbush increased their price target on CarMax from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, CarMax has an average rating of "Hold" and an average price target of $126.89.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of the 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 of the company's stock, valued at approximately $472,613. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of the 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 of the company's stock, valued at approximately $472,613. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 18,092 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $91.06, for a total value of $1,647,457.52. Following the transaction, the executive vice president now directly owns 4,988 shares of the company's stock, valued at $454,207.28. The disclosure for this sale can be found here. Insiders have sold a total of 37,103 shares of company stock worth $3,445,847 in the last three months. 1.65% of the stock is owned by company insiders.