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NYSE:KMX

CarMax - KMX Stock Forecast, Price & News

$100.01
-4.21 (-4.04%)
(As of 08/17/2022 05:40 PM ET)
Add
Compare
Today's Range
$98.97
$103.06
50-Day Range
$85.76
$104.22
52-Week Range
$84.37
$155.98
Volume
1.47 million shs
Average Volume
1.66 million shs
Market Capitalization
$15.92 billion
P/E Ratio
16.98
Dividend Yield
N/A
Price Target
$126.89

CarMax MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
26.9% Upside
$126.89 Price Target
Short Interest
Healthy
7.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.04mentions of CarMax in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$3.45 M Sold Last Quarter
Proj. Earnings Growth
10.66%
From $5.72 to $6.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Retail/Wholesale Sector

147th out of 218 stocks

Automotive Dealers & Gasoline Service Stations Industry

14th out of 24 stocks

KMX stock logo

About CarMax (NYSE:KMX) Stock

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

Shares of KMX traded up $2.80 during mid-day trading on Tuesday, reaching $104.22. The company had a trading volume of 1,336,233 shares, compared to its average volume of 1,664,045. The company's 50 day simple moving average is $94.91 and its 200 day simple moving average is $97.80. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.11 and a beta of 1.39. CarMax has a 1-year low of $84.37 and a 1-year high of $155.98. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 2.72.

CarMax (NYSE:KMX - Get Rating) last issued its 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 analyst estimates of $9.38 billion. CarMax had a net margin of 2.88% and a return on equity of 18.40%. During the same quarter last year, the business posted $2.63 earnings per share. Analysts expect that CarMax will post 5.72 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other CarMax news, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $93.91, for a total value of $324,552.96. Following the completion of the transaction, the executive vice president now directly owns 8,769 shares in the company, valued at $823,496.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Diane L. Cafritz sold 15,555 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $94.75, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 3,456 shares of CarMax stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $93.91, for a total value of $324,552.96. Following the transaction, the executive vice president now directly owns 8,769 shares in the company, valued at $823,496.79. The disclosure for this sale can be found here. Insiders have sold 37,103 shares of company stock worth $3,445,847 in the last 90 days. Insiders own 1.65% of the company's stock.

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KMX Stock News Headlines

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Automobile retailer AutoNation (NYSE: AN) stock is a rare sight as its trading up just over 4% in the 2022 bear market.
What Are Whales Doing With CarMax - Benzinga
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27 U.S. Cities Where Stocks Yield 26% a Year
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CarMax Releases 2022 Responsibility Report
Analysts Set CarMax, Inc. (NYSE:KMX) PT at $126.89
See More Headlines
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KMX Company Calendar

Last Earnings
6/24/2022
Today
8/17/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Automotive Retail
CUSIP
14313010
Employees
32,647
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$126.89
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+26.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.15 billion
Pretax Margin
3.76%

Debt

Sales & Book Value

Annual Sales
$31.90 billion
Cash Flow
$8.58 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
156,540,000
Market Cap
$15.92 billion
Optionable
Optionable
Beta
1.39

Social Links















KMX Stock - Frequently Asked Questions

Should I buy or sell CarMax stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KMX shares.
View KMX analyst ratings
or view top-rated stocks.

What is CarMax's stock price forecast for 2022?

12 brokerages have issued 12-month price objectives for CarMax's shares. Their KMX share price forecasts range from $105.00 to $165.00. On average, they predict the company's share price to reach $126.89 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for KMX
or view top-rated stocks among Wall Street analysts.

How have KMX shares performed in 2022?

CarMax's stock was trading at $130.23 at the beginning of 2022. Since then, KMX stock has decreased by 20.0% and is now trading at $104.22.
View the best growth stocks for 2022 here
.

When is CarMax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our KMX earnings forecast
.

How were CarMax's earnings last quarter?

CarMax, Inc. (NYSE:KMX) posted its quarterly earnings data on Friday, June, 24th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.05. The business earned $9.31 billion during the quarter, compared to analysts' expectations of $9.38 billion. CarMax had a net margin of 2.88% and a trailing twelve-month return on equity of 18.40%. During the same period in the previous year, the firm earned $2.63 earnings per share.
Read the conference call transcript
.

What is Bill Nash's approval rating as CarMax's CEO?

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.

What other stocks do shareholders of CarMax own?

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).

What is CarMax's stock symbol?

CarMax trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMX."

Who are CarMax's major shareholders?

CarMax's stock is owned by a number of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (6.53%), Akre Capital Management LLC (4.62%), Primecap Management Co. CA (3.91%), State Street Corp (3.83%), Apollo Management Holdings L.P. (0.00%) and London Co. of Virginia (1.69%). 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
.

How do I buy shares of CarMax?

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.

What is CarMax's stock price today?

One share of KMX stock can currently be purchased for approximately $104.22.

How much money does CarMax make?

CarMax (NYSE:KMX) has a market capitalization of $16.59 billion and generates $31.90 billion in revenue each year. The company earns $1.15 billion in net income (profit) each year or $5.89 on an earnings per share basis.

How many employees does CarMax have?

The company employs 32,647 workers across the globe.

Does CarMax have any subsidiaries?
The following companies are subsidiares of CarMax: CarMax Auto Superstores, CarMax Auto Superstores California, CarMax Auto Superstores Services, CarMax Auto Superstores West Coast, CarMax Business Services, CarMax Enterprise Services LLC, Edmunds, and Glen Allen Insurance.
Read More
When was CarMax founded?

CarMax was founded in 1993.

How can I contact CarMax?

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.

This page (NYSE:KMX) was last updated on 8/17/2022 by MarketBeat.com Staff

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