NYSE:KMX

CarMax - KMX Stock Forecast, Price & News

$66.02

+0.86 (+1.32%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $63.61
▼
$67.66
50-Day Range: $65.16
▼
$104.22
52-Week Range: $63.60
▼
$155.98

Volume: 5.54 million shs
Average Volume: 1.72 million shs
Market Capitalization: $10.51 billion

P/E Ratio: 11.21
Dividend Yield: N/A
Price Target: $118.56

CarMax MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 53.0% Upside
$101.00 Price Target
Short Interest: Bearish
8.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.21
Upright™ Environmental Score
News Sentiment: -0.17
Based on 56 Articles This Week
Insider Trading: Selling Shares
$3.45 M Sold Last Quarter
Proj. Earnings Growth: 9.52%
From $5.67 to $6.21 Per Share

Overall MarketRank^™

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

2.14 out of 5 stars

Retail/Wholesale Sector

142nd out of 216 stocks

Automotive Dealers & Gasoline Service Stations Industry

12th out of 24 stocks

3.3

Analyst's Opinion

Consensus Rating
CarMax has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $101.00, CarMax has a forecasted upside of 53.0% from its current price of $66.02.
Amount of Analyst Coverage
CarMax has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
8.40% of the float of CarMax has been sold short.
Short Interest Ratio / Days to Cover
CarMax has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.
Change versus previous month
Short interest in CarMax has recently increased by 0.68%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CarMax does not currently pay a dividend.
Dividend Growth
CarMax does not have a long track record of dividend growth.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CarMax has received a -27.67% net impact score from Upright. The largest negative impact of CarMax in category "GHG emissions" seems to be driven mostly by its "Truck repair", "Online retail of cars", and "Physical retail of used cars at a car dealer" products. See details.
Environmental Sustainability
The Environmental Impact score for CarMax is -2.21.

2.7

News and Social Media Coverage

News Sentiment
CarMax has a news sentiment score of -0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for CarMax this week, compared to 7 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 6 reddit mentions for CarMax this week, compared to 1 mention on an average week.
Search Interest
22 people have searched for KMX on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.
MarketBeat Follows
8 people have added CarMax to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CarMax insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,445,847.00 in company stock.
Percentage Held by Insiders
Only 1.65% of the stock of CarMax is held by insiders.
Percentage Held by Institutions
96.11% of the stock of CarMax is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for CarMax are expected to grow by 9.52% in the coming year, from $5.67 to $6.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CarMax is 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of CarMax is 11.21, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 32.96.
Price to Earnings Growth Ratio
CarMax has a PEG Ratio of 2.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CarMax has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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KMX Stock News Headlines

September 30, 2022 | marketbeat.com

MarketBeat: Week in Review 9/26 – 9/30 (KMX)

As we close the worst September for stocks since 2008, our analysts continue to give you insight into the stocks and stories that are moving the market

September 30, 2022 | marketbeat.com

Declining Profits Challenge the CarMax Value Proposition

A steep decline in CarMax profits shows that a more efficient way to sell cars is not enough to overcome higher prices that are keeping consumers away

September 30, 2022 | bloomberg.com

CarMax's Huge Earnings Miss Points to Trouble Ahead for New-Car Market - Bloomberg

September 30, 2022 | cnbc.com

Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more - CNBC

September 30, 2022 | investors.com

CarMax Warning Continues To Chill Ahead Of Q3 Auto Sales - Investor's Business Daily

September 30, 2022 | forbes.com

Peloton Shares Crash And Hit All-Time Low As Pandemic Stock Darlings Fall Back To Earth

September 30, 2022 | seekingalpha.com

CarMax GAAP EPS of $0.79 misses by $0.58, revenue of $8.14B misses by $410M (NYSE:KMX) - Seeking Alpha

September 30, 2022 | investors.com

Dow Jones Futures: S&P 500 Hits Fresh Lows As Apple, Tesla, CarMax Dive, Nike Plunges Late | Investor's Business Daily - Investor's Business Daily

September 30, 2022 | marketwatch.com

Consumer Cos Down as CarMax Slides -- Consumer Roundup - MarketWatch

September 29, 2022 | in.investing.com

CarMax Misses Q2 EPS by 64c, Revenue Misses By Investing.com - Investing.com India

September 29, 2022 | bloomberg.com

CarMax's Huge Earnings Miss Sends Warning Signal on US Consumer - Bloomberg

September 29, 2022 | finance.yahoo.com

CarMax (KMX) Q2 2023 Earnings Call Transcript

September 29, 2022 | investing.com

CarMax Misses Q2 EPS by 64c, Revenue Misses By Investing.com - Investing.com

September 29, 2022 | marketwatch.com

CarMax 2Q Profit Drops as Sales Volume Slows - MarketWatch

September 29, 2022 | greenwichtime.com

CarMax: Fiscal Q2 Earnings Snapshot - Greenwich Time

September 29, 2022 | investorplace.com

Why Is CarMax (KMX) Stock Down 20% Today?

September 29, 2022 | investing.com

CarMax Drops 15% After a 'Horrendous' Earnings Report By Investing.com - Investing.com

September 29, 2022 | wsj.com

Stocks to Watch: Bed Bath & Beyond, Smith & Wesson, CarMax - The Wall Street Journal

September 29, 2022 | benzinga.com

Why CarMax (KMX) Shares Are Plunging Today - CarMax (NYSE:KMX) - Benzinga

September 29, 2022 | barrons.com

CarMax Stock Drops on Enormous Earnings Miss - Barron's

September 29, 2022 | cnbc.com

Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more - CNBC

September 29, 2022 | marketwatch.com

CarMax stock sinks after big profit miss, as 'affordability challenges' lead to sharp sales decline - MarketWatch

September 29, 2022 | finance.yahoo.com

CarMax Reports Second Quarter Fiscal 2023 Results

September 29, 2022 | marketwatch.com

CarMax shares dive on profit warning

September 28, 2022 | benzinga.com

Check Out What Whales Are Doing With KMX - CarMax (NYSE:KMX) - Benzinga

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30 days | 90 days | 365 days | Advanced Chart

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KMX Company Calendar

Last Earnings: 9/29/2022
Today: 9/30/2022
Next Earnings (Estimated): 12/28/2022
Fiscal Year End: 2/28/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Automotive dealers & gasoline service stations
Sub-Industry: Automotive Retail
Sector: Retail/Wholesale
Current Symbol: NYSE:KMX
CUSIP: 14313010
CIK: 1170010
Web: www.carmax.com
Phone: (804) 747-0422
Fax: 804-217-6819
Employees: 32,647
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $101.00
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: +79.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.89
Trailing P/E Ratio: 11.21
Forward P/E Ratio: 11.64
P/E Growth: 2.42
Net Income: $1.15 billion
Net Margins: 2.88%
Pretax Margin: 3.76%
Return on Equity: 18.40%
Return on Assets: 3.70%

Debt

Debt-to-Equity Ratio: 3.29
Current Ratio: 2.72
Quick Ratio: 0.63

Sales & Book Value

Annual Sales: $31.90 billion
Price / Sales: 0.33
Cash Flow: $6.66 per share
Price / Cash Flow: 9.92
Book Value: $32.38 per share
Price / Book: 2.04

Miscellaneous

Outstanding Shares: 159,166,000
Free Float: 156,540,000
Market Cap: $10.51 billion
Optionable: Optionable
Beta: 1.40

Social Links

Key Executives

Mr. William D. Nash (Age 53)
Pres, CEO & Director
Comp: $5.04M

Mr. Enrique N. Mayor-Mora (Age 53)
Exec. VP & CFO
Comp: $1.68M

Mr. Shamim Mohammad (Age 53)
Exec. VP and Chief Information & Technology Officer
Comp: $1.53M

Ms. Diane Long Cafritz (Age 51)
Exec. VP, Gen. Counsel, CHRO & Chief Compliance Officer
Comp: $1.2M

Mr. James R. Lyski (Age 59)
Exec. VP & Chief Marketing Officer
Comp: $1.65M

Ms. Jill A. Livesay (Age 53)
VP, Chief Accounting Officer & Controller

Stacy Frole
VP of Investor Relations

Ms. Trina Hoppin Lee
Assistant VP of Public Affairs & Communications

Corey Haire
VP of Sales

Mr. Charles Joseph Wilson (Age 49)
Sr. VP of Store Strategy & Logistics

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KMX Stock - Frequently Asked Questions

Should I buy or sell CarMax stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 targets for CarMax's shares. Their KMX share price forecasts range from $70.00 to $160.00. On average, they predict the company's share price to reach $101.00 in the next twelve months. This suggests a possible upside of 53.0% 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 49.3% and is now trading at $66.02.
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 Wednesday, December 28th 2022.
View our KMX earnings forecast.
How were CarMax's earnings last quarter?: CarMax, Inc. (NYSE:KMX) announced its earnings results on Thursday, September, 29th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by $0.61. The company earned $8.14 billion during the quarter, compared to analyst estimates of $8.55 billion. CarMax had a trailing twelve-month return on equity of 18.40% and a net margin of 2.88%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS.
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."
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 $66.02.
How much money does CarMax make?: CarMax (NYSE:KMX) has a market capitalization of $10.51 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
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 9/30/2022 by MarketBeat.com Staff

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CarMax - KMX Stock Forecast, Price & News

CarMax MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CarMax (NYSE:KMX) Stock

KMX Stock News Headlines

KMX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

KMX Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™