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 2 sell ratings, 5 hold ratings and 4 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.
View KMX analyst ratings or view top-rated stocks.

11 equities research analysts have issued 1 year price objectives for CarMax's stock. Their KMX share price forecasts range from $49.00 to $75.00. On average, they predict the company's share price to reach $62.67 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
View analysts price targets for KMX or view top-rated stocks among Wall Street analysts.

CarMax's stock was trading at $60.89 on January 1st, 2023. Since then, KMX shares have increased by 13.5% and is now trading at $69.10.
View the best growth stocks for 2023 here.

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 daily volume of 2,750,000 shares, the short-interest ratio is presently 7.6 days. Currently, 13.3% of the company's shares are short sold.
View CarMax's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 11th 2023.
View our KMX earnings forecast.

CarMax, Inc. (NYSE:KMX) announced its quarterly earnings results on Thursday, December, 22nd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.34. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $7.18 billion. CarMax had a net margin of 1.82% and a trailing twelve-month return on equity of 10.69%. The company's quarterly revenue was down 23.7% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share.
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%), Fenimore Asset Management Inc. (0.56%), DAVENPORT & Co LLC (0.50%), Wedge Capital Management L L P NC (0.26%), Nexus Investment Management ULC (0.22%) and Courant Investment Management LLC (0.16%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of KMX stock can currently be purchased for approximately $69.10.

CarMax (NYSE:KMX) has a market capitalization of $10.92 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.