CarMax - KMX Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 2 sell ratings, 5 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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11 analysts have issued 12-month price targets for CarMax's stock. Their KMX share price forecasts range from $49.00 to $75.00. On average, they predict the company's stock price to reach $62.67 in the next year. This suggests that the stock has a possible downside of 21.0%.
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CarMax's stock was trading at $60.89 on January 1st, 2023. Since then, KMX shares have increased by 30.3% and is now trading at $79.32.
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CarMax saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 20,910,000 shares, an increase of 13.1% from the December 15th total of 18,480,000 shares. Based on an average trading volume of 2,750,000 shares, the days-to-cover ratio is currently 7.6 days. Currently, 13.3% of the shares of the company are sold short.
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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, Inc. (NYSE:KMX) released its quarterly earnings results on Thursday, December, 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by $0.34. The company earned $6.51 billion during the quarter, compared to analysts' expectations of $7.18 billion. CarMax had a net margin of 1.82% and a trailing twelve-month return on equity of 10.69%. The business's quarterly revenue was down 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 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 a number of retail and institutional investors. Top institutional shareholders include Kovitz Investment Group Partners LLC (0.68%), Welch & Forbes LLC (0.61%), Fenimore Asset Management Inc. (0.56%), DAVENPORT & Co LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Wedge Capital Management L L P NC (0.26%). 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 $79.32.

CarMax (NYSE:KMX) has a market capitalization of $12.53 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.