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 Down 0.1 %

Shares of KMX Stock opened at $101.59 on Friday. The stock's 50-day simple moving average is $94.71 and its 200-day simple moving average is $97.94. 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 firm has a market capitalization of $16.17 billion, a PE ratio of 17.25, a P/E/G ratio of 1.11 and a beta of 1.39. CarMax has a fifty-two week low of $84.37 and a fifty-two week high of $155.98.

CarMax (NYSE:KMX - Get Rating) last announced its quarterly earnings data 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 business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.38 billion. CarMax had a return on equity of 18.40% and a net margin of 2.88%. During the same period in the prior year, the company earned $2.63 earnings per share. Equities analysts expect that CarMax will post 5.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMX shares. Royal Bank of Canada increased their price objective on CarMax from $104.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, June 27th. Needham & Company LLC started coverage on CarMax in a report on Monday, May 2nd. They issued a "hold" rating for the company. 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. Wedbush raised 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. Finally, JPMorgan Chase & Co. reduced their price target on CarMax from $110.00 to $105.00 in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CarMax currently has an average rating of "Hold" and a consensus target price of $126.89.

Insider Activity

In other news, EVP Mohammad Shamim sold 3,456 shares of the company's stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $93.91, for a total value of $324,552.96. Following the sale, the executive vice president now owns 8,769 shares in the company, valued at $823,496.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Diane L. Cafritz sold 18,092 shares of the firm'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 value of $1,647,457.52. Following the transaction, the executive vice president now owns 4,988 shares in the company, valued at $454,207.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 3,456 shares of the firm's stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $93.91, for a total value of $324,552.96. Following the completion of the transaction, the executive vice president now owns 8,769 shares in the company, valued at approximately $823,496.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,103 shares of company stock valued at $3,445,847. Company insiders own 1.65% of the company's stock.