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 Price Performance

KMX Stock opened at $101.42 on Tuesday. 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 has a fifty-two week low of $84.37 and a fifty-two week high of $155.98. The business has a 50 day moving average price of $94.79 and a 200 day moving average price of $97.76. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.11 and a beta of 1.39.

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, topping analysts' consensus estimates of $1.51 by $0.05. The firm 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 quarter in the prior year, the company posted $2.63 earnings per share. Equities research analysts anticipate that CarMax will post 5.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KMX shares. Wedbush lifted their price objective on shares of CarMax from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, June 27th. Royal Bank of Canada boosted their price objective on shares of CarMax from $104.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, June 27th. JPMorgan Chase & Co. cut their price target on shares of CarMax from $110.00 to $105.00 in a report on Tuesday, June 7th. Needham & Company LLC began coverage on shares of CarMax in a report on Monday, May 2nd. They set a "hold" rating on the stock. Finally, Morgan Stanley decreased their price target on shares of CarMax from $140.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $126.89.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 18,092 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the transaction, the executive vice president now directly owns 4,988 shares in the company, valued at $454,207.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of the firm's stock in a transaction that occurred on 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 owns 4,988 shares in the company, valued at approximately $472,613. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Diane L. Cafritz sold 18,092 shares of CarMax 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 completion of the transaction, the executive vice president now owns 4,988 shares of the company's stock, valued at approximately $454,207.28. The disclosure for this sale can be found here. Insiders have sold a total of 37,103 shares of company stock valued at $3,445,847 over the last quarter. Insiders own 1.65% of the company's stock.