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

KMX traded up $1.68 during trading on Thursday, hitting $101.70. 936,819 shares of the stock were exchanged, compared to its average volume of 1,678,483. The firm has a market capitalization of $16.19 billion, a P/E ratio of 17.25, a PEG ratio of 1.06 and a beta of 1.39. CarMax has a 1-year low of $84.37 and a 1-year high of $155.98. The stock has a fifty day moving average price of $94.56 and a two-hundred day moving average price of $98.07. The company has a quick ratio of 0.63, a current ratio of 2.72 and a debt-to-equity ratio of 3.29.

CarMax (NYSE:KMX - Get Rating) last posted its quarterly earnings results 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 firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $2.63 earnings per share. As a group, sell-side analysts predict that CarMax will post 5.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wedbush raised their target price on CarMax from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, June 27th. Robert W. Baird decreased their price objective on CarMax from $140.00 to $120.00 in a research note on Wednesday, April 13th. Royal Bank of Canada lifted their price objective on CarMax from $104.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, June 27th. Needham & Company LLC began coverage on CarMax in a research note on Monday, May 2nd. They issued a "hold" rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on CarMax from $110.00 to $105.00 in a research note on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $126.89.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 4,988 shares in the company, valued at $472,613. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Diane L. Cafritz sold 18,092 shares of the company's stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane L. Cafritz sold 15,555 shares of the company's stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the completion of the sale, the executive vice president now directly owns 4,988 shares of the company's stock, valued at $472,613. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,103 shares of company stock worth $3,445,847. 1.65% of the stock is currently owned by insiders.