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NYSE:KMX

CarMax - KMX Stock Forecast, Price & News

$69.53
+0.49 (+0.71%)
(As of 01/31/2023 11:57 AM ET)
Add
Compare
Today's Range
$68.40
$69.91
50-Day Range
$57.20
$69.59
52-Week Range
$52.10
$114.43
Volume
640,579 shs
Average Volume
2.68 million shs
Market Capitalization
$10.99 billion
P/E Ratio
19.48
Dividend Yield
N/A
Price Target
$62.67

CarMax MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
9.0% Downside
$62.67 Price Target
Short Interest
Bearish
13.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.56mentions of CarMax in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$501,256 Bought Last Quarter
Proj. Earnings Growth
4.95%
From $2.83 to $2.97 Per Share

Overall MarketRank

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

1.67 out of 5 stars

Retail/Wholesale Sector

179th out of 216 stocks

Automotive Dealers & Gasoline Service Stations Industry

19th out of 24 stocks


KMX stock logo

About CarMax (NYSE:KMX) Stock

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.

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KMX Stock News Headlines

Carvana Is Up 39.28% In One Week: Is It The Newest Meme Stock? (KMX)
Carvana more than doubled in the past month, with a one-week gain of 39.28%. The move has the makings of a short squeeze, with echoes of the meme-stock frenzy.
Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock? (KMX)
Tesla announced price cuts on popular models in order to boost sales, after several earnings misses. Hopefull this can build momentum to restore stock value
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Is it Time to Back up the Truck on Ford Stock? (KMX)
The second largest U.S. automaker Ford Motor Company (NYSE: F) stock took a (-46%) plunge in 2022 as normalization kicked in from the post-pandemic demand
Should You Retain Your Position in CarMax (KMX)?
Carvana Is Down 95% From Its High. Time to Buy?
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Weak Results Dragged CarMax (KMX) Stock in Q4
Finding Where Insiders Have the Conviction to Buy
Used-Car Dealers’ Stocks Attract Buying From Insiders
Why Shares of Ford Slumped in December
What the Smartest Investors Know About Carvana Stock
Why Carvana Stock Was Stuck at a red Light Today
CarMax Third Quarter 2023 Earnings: Misses Expectations
CarMax (KMX) Q3 Earnings Miss on Lower-Than-Expected Sales
See More Headlines
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KMX Company Calendar

Last Earnings
12/22/2022
Today
1/31/2023
Fiscal Year End
2/28/2023
Next Earnings (Estimated)
4/11/2023

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
$62.67
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
-9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.15 billion
Pretax Margin
2.39%

Debt

Sales & Book Value

Annual Sales
$31.90 billion
Cash Flow
$8.77 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
155,416,000
Market Cap
$10.99 billion
Optionable
Optionable
Beta
1.44

Social Links


Key Executives

  • Bill Nash
    President, Chief Executive Officer & Director
  • Charles Joseph WilsonCharles Joseph Wilson
    Chief Operating Officer & Executive Vice President
  • Enrique N. Mayor-MoraEnrique N. Mayor-Mora
    Chief Financial Officer & Senior Vice President
  • Shamim Mohammad
    Chief Technology & Information Officer, Senior VP
  • Diane Long CafritzDiane Long Cafritz
    SVP, Chief Human Resources & Compliance Officer













KMX Stock - Frequently Asked Questions

Should I buy or sell CarMax stock right now?

11 Wall Street 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 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.

What is CarMax's stock price forecast for 2023?

11 Wall Street research analysts have issued 12 month price targets for CarMax's shares. Their KMX share price forecasts range from $49.00 to $75.00. On average, they expect the company's stock price to reach $62.67 in the next year. This suggests that the stock has a possible downside of 9.2%.
View analysts price targets for KMX
or view top-rated stocks among Wall Street analysts.

How have KMX shares performed in 2023?

CarMax's stock was trading at $60.89 on January 1st, 2023. Since then, KMX shares have increased by 13.4% and is now trading at $69.04.
View the best growth stocks for 2023 here
.

Are investors shorting CarMax?

CarMax saw a increase in short interest during 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 short-interest ratio is currently 7.6 days. Currently, 13.3% of the shares of the stock are short sold.
View CarMax's Short Interest
.

When is CarMax's next earnings date?

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

How were CarMax's earnings last quarter?

CarMax, Inc. (NYSE:KMX) posted its earnings results on Thursday, December, 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.34. The company earned $6.51 billion during the quarter, compared to the consensus estimate of $7.18 billion. CarMax had a net margin of 1.82% and a trailing twelve-month return on equity of 10.69%. The firm's revenue was down 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 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 variety 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%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Wedge Capital Management L L P NC (0.26%) and Nexus Investment Management ULC (0.22%). 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 $69.04.

How much money does CarMax make?

CarMax (NYSE:KMX) has a market capitalization of $10.91 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.

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
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 1/31/2023 by MarketBeat.com Staff