CarMax - KMX Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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11 Wall Street analysts have issued twelve-month price targets for CarMax's shares. Their KMX share price forecasts range from $60.00 to $130.00. On average, they anticipate the company's share price to reach $83.80 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price.
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CarMax's stock was trading at $130.23 at the start of the year. Since then, KMX shares have decreased by 48.3% and is now trading at $67.39.
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CarMax saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 15,870,000 shares, an increase of 18.3% from the October 31st total of 13,420,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is presently 6.8 days. Approximately 10.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 28th 2022.
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CarMax, Inc. (NYSE:KMX) released its quarterly earnings data on Thursday, September, 29th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $1.40 by $0.61. The company earned $8.14 billion during the quarter, compared to analysts' expectations of $8.55 billion. CarMax had a net margin of 2.40% and a trailing twelve-month return on equity of 14.95%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS.
Read the conference call transcript.

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.29%), BlackRock Inc. (6.41%), Primecap Management Co. CA (3.92%), State Street Corp (3.88%), The Manufacturers Life Insurance Company (2.83%) and London Co. of Virginia (1.68%). 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 $67.39.

CarMax (NYSE:KMX) has a market capitalization of $10.65 billion and generates $31.90 billion in revenue each year. The company earns $1.15 billion in net income (profit) each year or $4.96 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.