CarMax - KMX Stock Forecast, Price & News

11 Wall Street equities 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 6 buy ratings for the stock. The consensus among Wall Street equities research 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.
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11 analysts have issued 1 year target prices for CarMax's shares. Their KMX share price forecasts range from $60.00 to $130.00. On average, they expect the company's stock price to reach $83.80 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
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CarMax's stock was trading at $130.23 at the beginning of the year. Since then, KMX shares have decreased by 48.7% and is now trading at $66.76.
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CarMax saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 14,080,000 shares, an increase of 8.8% from the September 30th total of 12,940,000 shares. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is currently 7.1 days. Approximately 9.0% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 28th 2022.
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CarMax, Inc. (NYSE:KMX) posted its quarterly earnings results on Thursday, September, 29th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $1.40 by $0.61. The business earned $8.14 billion during the quarter, compared to analysts' expectations of $8.55 billion. CarMax had a net margin of 2.40% and a trailing twelve-month return on equity of 14.95%. CarMax's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS.
Read the conference call transcript.

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.

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).

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

CarMax's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.29%), BlackRock Inc. (6.41%), Primecap Management Co. CA (3.92%), State Street Corp (3.88%), The Manufacturers Life Insurance Company (2.83%) and London Co. of Virginia (1.68%). 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.
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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.
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One share of KMX stock can currently be purchased for approximately $66.76.

CarMax (NYSE:KMX) has a market capitalization of $10.55 billion and generates $31.90 billion in revenue each year. The company earns $1.15 billion in net income (profit) each year or $4.96 on an earnings per share basis.

The company employs 32,647 workers across the globe.

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.