CarMax (KMX) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1-year target prices for CarMax's stock. Their KMX share price forecasts range from $44.00 to $85.00. On average, they predict the company's share price to reach $65.40 in the next year. This suggests that the stock has a possible downside of 10.6%.
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CarMax's stock was trading at $60.89 at the beginning of the year. Since then, KMX stock has increased by 20.2% and is now trading at $73.18.
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The company is scheduled to release its next quarterly earnings announcement on Friday, June 23rd 2023.
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CarMax, Inc. (NYSE:KMX) released its earnings results on Tuesday, April, 11th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $6.10 billion. CarMax had a net margin of 1.63% and a trailing twelve-month return on equity of 8.85%. The business's quarterly revenue was down 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share.
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ETFs with the largest weight of CarMax (NYSE:KMX) stock in their portfolio include Kovitz Core Equity ETF (EQTY), Invesco S&P 500 Pure Value ETF (RPV), ALPS Hillman Active Value ETF (HVAL), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), FPA Global Equity ETF (FPAG), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL) and Schwab Ariel ESG ETF (SAEF).

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.73%), Principal Financial Group Inc. (6.50%), Ruane Cunniff & Goldfarb L.P. (3.88%), State Street Corp (3.81%), Diamond Hill Capital Management Inc. (3.39%) and Wellington Management Group LLP (3.23%). 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, 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 $73.18.

CarMax (NYSE:KMX) has a market capitalization of $11.57 billion and generates $29.68 billion in revenue each year. The company earns $484.76 million in net income (profit) each year or $3.03 on an earnings per share basis.

The company employs 30,621 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.