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NYSE:KMX

CarMax - KMX Stock Forecast, Price & News

$101.60
+0.01 (+0.01%)
(As of 08/15/2022 02:45 PM ET)
Add
Compare
Today's Range
$100.41
$101.68
50-Day Range
$85.76
$102.24
52-Week Range
$84.37
$155.98
Volume
21,356 shs
Average Volume
1.67 million shs
Market Capitalization
$16.17 billion
P/E Ratio
17.25
Dividend Yield
N/A
Price Target
$126.89

CarMax MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
25.5% 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
0.23mentions of CarMax in the last 14 days
Based on 4 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.

2.42 out of 5 stars

Retail/Wholesale Sector

148th out of 219 stocks

Automotive Dealers & Gasoline Service Stations Industry

14th 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 KMX Stock opened at $101.59 on Monday. The company has a current ratio of 2.72, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The company has a market cap of $16.17 billion, a PE ratio of 17.25, a P/E/G ratio of 1.11 and a beta of 1.39. The company's fifty day simple moving average is $94.71 and its 200-day simple moving average is $97.82. CarMax has a 52 week low of $84.37 and a 52 week high of $155.98.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wedbush raised their target price on shares of CarMax from $90.00 to $105.00 and gave the stock a "neutral" rating in a research report on Monday, June 27th. Royal Bank of Canada raised their price objective on CarMax from $104.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, June 27th. Needham & Company LLC assumed coverage on CarMax in a research note on Monday, May 2nd. They issued a "hold" rating for the company. Morgan Stanley decreased their price target on CarMax from $140.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $110.00 to $105.00 in a research note on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $126.89.

Insider Activity

In related news, EVP Diane L. Cafritz sold 18,092 shares of the firm's 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 directly owns 4,988 shares of the company's stock, valued at approximately $454,207.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 3,456 shares of the company's stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $93.91, for a total value of $324,552.96. Following the transaction, the executive vice president now directly owns 8,769 shares of the company's stock, valued at approximately $823,496.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,647,457.52. Following the completion of the sale, the executive vice president now owns 4,988 shares of the company's stock, valued at approximately $454,207.28. 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. Company insiders own 1.65% of the company's stock.

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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.
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
CarMax Releases 2022 Responsibility Report
Analysts Set CarMax, Inc. (NYSE:KMX) PT at $126.89
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
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
8/15/2022
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
+24.9%
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
$8.71 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
156,540,000
Market Cap
$16.17 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 Wall Street research analysts have issued twelve-month target prices for CarMax's shares. Their KMX share price forecasts range from $105.00 to $165.00. On average, they expect the company's stock price to reach $126.89 in the next year. This suggests a possible upside of 25.5% 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 on January 1st, 2022. Since then, KMX shares have decreased by 22.4% and is now trading at $101.12.
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 quarterly earnings data 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. The business earned $9.31 billion during the quarter, compared to analyst estimates of $9.38 billion. CarMax had a net margin of 2.88% and a trailing twelve-month return on equity of 18.40%. During the same quarter last year, the business earned $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 a variety of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (6.53%), Akre Capital Management LLC (4.62%), Primecap Management Co. CA (3.91%), London Co. of Virginia (1.69%), JPMorgan Chase & Co. (1.57%) and Cooke & Bieler LP (1.07%). 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 $101.12.

How much money does CarMax make?

CarMax (NYSE:KMX) has a market capitalization of $16.09 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 8/15/2022 by MarketBeat.com Staff

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