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 Stock Performance

Shares of KMX Stock opened at $101.59 on Monday. The company has a current ratio of 2.72, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The company has a market cap of $16.17 billion, a PE ratio of 17.25, a P/E/G ratio of 1.11 and a beta of 1.39. The company's fifty day simple moving average is $94.71 and its 200-day simple moving average is $97.82. CarMax has a 52 week low of $84.37 and a 52 week high of $155.98.

CarMax (NYSE:KMX - Get Rating) last posted its earnings results on Friday, June 24th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.05. The business had revenue of $9.31 billion during 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 last year, the firm earned $2.63 earnings per share. As a group, equities research analysts anticipate that CarMax will post 5.72 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, EVP Diane L. Cafritz sold 18,092 shares of the firm's stock in a transaction on Friday, July 1st. The shares were sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the completion of the sale, the executive vice president now directly owns 4,988 shares of the company's stock, valued at approximately $454,207.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 3,456 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $823,496.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 18,092 shares of CarMax stock in a transaction on 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 completion of the sale, 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 37,103 shares of company stock worth $3,445,847 over the last 90 days. Company insiders own 1.65% of the company's stock.