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 CarMax stock traded down $2.80 on Tuesday, hitting $96.97. 709,418 shares of the company's stock were exchanged, compared to its average volume of 1,688,095. The company has a 50-day simple moving average of $94.57 and a 200-day simple moving average of $98.06. The stock has a market capitalization of $15.43 billion, a PE ratio of 16.46, a PEG ratio of 1.08 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 released 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. CarMax had a net margin of 2.88% and a return on equity of 18.40%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.38 billion. During the same quarter in the previous year, the company earned $2.63 EPS. As a group, equities analysts anticipate that CarMax will post 5.72 EPS for the current year.

Analyst Ratings Changes

KMX has been the subject of several analyst reports. Needham & Company LLC initiated coverage on shares of CarMax in a research report on Monday, May 2nd. They set a "hold" rating for the company. Royal Bank of Canada raised their price target on shares of CarMax from $104.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, June 27th. Wedbush raised their price target on shares of CarMax from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, June 27th. Robert W. Baird reduced their price target on shares of CarMax from $140.00 to $120.00 in a research report on Wednesday, April 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of CarMax from $110.00 to $105.00 in a report on Tuesday, June 7th. One equities research 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $126.89.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,555 shares of CarMax stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the transaction, the executive vice president now owns 4,988 shares in the company, valued at approximately $472,613. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Diane L. Cafritz sold 15,555 shares of CarMax stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the transaction, the executive vice president now owns 4,988 shares in the company, valued at approximately $472,613. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 18,092 shares of CarMax 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 owns 4,988 shares in the company, valued at $454,207.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,103 shares of company stock worth $3,445,847. 1.65% of the stock is owned by corporate insiders.