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NYSE:KMX

CarMax - KMX Stock Forecast, Price & News

$99.95
+2.98 (+3.07%)
(As of 08/10/2022 03:57 PM ET)
Add
Compare
Today's Range
$99.28
$101.19
50-Day Range
$85.76
$102.24
52-Week Range
$84.37
$155.98
Volume
28,369 shs
Average Volume
1.69 million shs
Market Capitalization
$15.91 billion
P/E Ratio
16.97
Dividend Yield
N/A
Price Target
$126.89

CarMax MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
27.3% Upside
$126.89 Price Target
Short Interest
Healthy
7.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.44mentions of CarMax in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$3.45 M Sold Last Quarter
Proj. Earnings Growth
10.66%
From $5.72 to $6.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Retail/Wholesale Sector

141st out of 218 stocks

Automotive Dealers & Gasoline Service Stations Industry

12th out of 25 stocks

KMX stock logo

About CarMax (NYSE:KMX) Stock

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.

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KMX Stock News Headlines

AutoNation Stock is Firing on All Pistons (KMX)
Automobile retailer AutoNation (NYSE: AN) stock is a rare sight as its trading up just over 4% in the 2022 bear market.
Investor Alert: Argentina Loaded With "White Gold" Opportunity
Experts expect the global lithium market to grow by 500% due to the explosion of electric vehicles and green energy. And one small-cap company just snagged a large lithium deposit in a renowned South American location.
CarMax Releases 2022 Responsibility Report
Analysts Set CarMax, Inc. (NYSE:KMX) PT at $126.89
Investor Alert: Argentina Loaded With "White Gold" Opportunity
Experts expect the global lithium market to grow by 500% due to the explosion of electric vehicles and green energy. And one small-cap company just snagged a large lithium deposit in a renowned South American location.
CarMax, Inc. (NYSE:KMX) EVP Sells $324,552.96 in Stock
See More Headlines
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KMX Company Calendar

Last Earnings
6/24/2022
Today
8/10/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Automotive Retail
CUSIP
14313010
Employees
32,647
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$126.89
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+27.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.15 billion
Pretax Margin
3.76%

Debt

Sales & Book Value

Annual Sales
$31.90 billion
Cash Flow
$8.78 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
156,540,000
Market Cap
$15.91 billion
Optionable
Optionable
Beta
1.39

Social Links















KMX Stock - Frequently Asked Questions

Should I buy or sell CarMax stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KMX shares.
View KMX analyst ratings
or view top-rated stocks.

What is CarMax's stock price forecast for 2022?

12 brokers have issued 12-month price targets for CarMax's stock. Their KMX share price forecasts range from $105.00 to $165.00. On average, they expect the company's share price to reach $126.89 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for KMX
or view top-rated stocks among Wall Street analysts.

How have KMX shares performed in 2022?

CarMax's stock was trading at $130.23 at the beginning of 2022. Since then, KMX stock has decreased by 22.9% and is now trading at $100.38.
View the best growth stocks for 2022 here
.

When is CarMax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our KMX earnings forecast
.

How were CarMax's earnings last quarter?

CarMax, Inc. (NYSE:KMX) issued its earnings results on Friday, June, 24th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.05. The business earned $9.31 billion during the quarter, compared to the consensus estimate of $9.38 billion. CarMax had a trailing twelve-month return on equity of 18.40% and a net margin of 2.88%. During the same quarter in the prior year, the business posted $2.63 EPS.
Read the conference call transcript
.

What is Bill Nash's approval rating as CarMax's CEO?

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.

What other stocks do shareholders of CarMax own?

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).

What is CarMax's stock symbol?

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

Who are CarMax's major shareholders?

CarMax's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cooke & Bieler LP (1.07%), Brown Advisory Inc. (0.99%), Baird Financial Group Inc. (0.98%), First Pacific Advisors LP (0.91%), Welch & Forbes LLC (0.64%) and Fenimore Asset Management Inc. (0.55%). 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.
View institutional ownership trends
.

How do I buy shares of CarMax?

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.
Compare Top Brokerages Here.

What is CarMax's stock price today?

One share of KMX stock can currently be purchased for approximately $100.38.

How much money does CarMax make?

CarMax (NYSE:KMX) has a market capitalization of $15.98 billion and generates $31.90 billion in revenue each year. The company earns $1.15 billion in net income (profit) each year or $5.89 on an earnings per share basis.

How many employees does CarMax have?

The company employs 32,647 workers across the globe.

Does CarMax have any subsidiaries?

The following companies are subsidiares of CarMax: CarMax Auto Superstores, CarMax Auto Superstores California, CarMax Auto Superstores Services, CarMax Auto Superstores West Coast, CarMax Business Services, CarMax Enterprise Services LLC, Edmunds, and Glen Allen Insurance.
Read More

When was CarMax founded?

CarMax was founded in 1993.

How can I contact CarMax?

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.

This page (NYSE:KMX) was last updated on 8/10/2022 by MarketBeat.com Staff

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