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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMX. TheStreet downgraded shares of CarMax from a "b-" rating to a "c+" rating in a research note on Tuesday, April 12th. Morgan Stanley cut their price objective on CarMax from $140.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Needham & Company LLC assumed coverage on CarMax in a report on Monday, May 2nd. They issued a "hold" rating for the company. JPMorgan Chase & Co. cut their price target on CarMax from $110.00 to $105.00 in a report on Tuesday, June 7th. Finally, Wedbush lifted their price objective on CarMax from $90.00 to $105.00 and gave the stock a "neutral" rating in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $126.89.

CarMax Price Performance

CarMax stock opened at $99.17 on Monday. The company has a market capitalization of $15.78 billion, a PE ratio of 16.84, a P/E/G ratio of 1.08 and a beta of 1.39. The stock has a 50-day moving average price of $94.58 and a two-hundred day moving average price of $98.12. The company has a current ratio of 2.72, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. CarMax has a 12 month low of $84.37 and a 12 month high of $155.98.

CarMax (NYSE:KMX - Get Rating) last released its earnings results on Friday, June 24th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.51 by $0.05. CarMax had a return on equity of 18.40% and a net margin of 2.88%. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.38 billion. During the same quarter last year, the firm posted $2.63 earnings per share. Analysts expect that CarMax will post 5.72 EPS for the current year.

Insider Activity

In related news, EVP Diane L. Cafritz sold 15,555 shares of CarMax stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the sale, the executive vice president now directly owns 4,988 shares in the company, valued at $472,613. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value of $1,647,457.52. Following the completion of the transaction, the executive vice president now directly owns 4,988 shares in the company, valued at $454,207.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diane L. Cafritz sold 15,555 shares of the business's stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $94.75, for a total value of $1,473,836.25. Following the transaction, the executive vice president now owns 4,988 shares of the company's stock, valued at $472,613. 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. 1.65% of the stock is currently owned by corporate insiders.