CarMax (KMX) Stock Price, News & Analysis

Company Overview

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.

Key Stats

• Today's Range: $76.29 to $79.17
• 50-Day Range: $73.57 to $85.78
• 52-Week Range: $59.66 to $88.22
• Volume: 2.73 million shs
• Average Volume: 1.95 million shs
• Market Capitalization: $12.07 billion
• P/E Ratio: 30.20
• Dividend Yield: N/A
• Price Target: $78.92
• Consensus Rating: Hold

CarMax Stock Analysis - MarketRank™

CarMax scored higher than 76% of companies evaluated by MarketBeat, and ranked 107th out of 223 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

CarMax has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 5 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

CarMax has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 23.08%

Earnings Growth

Earnings for CarMax are expected to grow by 23.08% in the coming year, from $2.99 to $3.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CarMax is 30.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of CarMax is 30.20, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 23.21.

Price to Earnings Growth Ratio

CarMax has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CarMax has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

10.23% of the float of CarMax has been sold short.

Short Interest Ratio / Days to Cover

CarMax has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in CarMax has recently decreased by 5.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CarMax does not currently pay a dividend.

Dividend Growth

CarMax does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.4 / 5
• Environmental Score: -2.21

Percentage of Shares Shorted

10.23% of the float of CarMax has been sold short.

Short Interest Ratio / Days to Cover

CarMax has a short interest ratio ("days to cover") of 9.1.

Change versus previous month

Short interest in CarMax has recently decreased by 5.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.39

News Sentiment

CarMax has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 57 news articles for CarMax this week, compared to 10 articles on an average week.

Search Interest

13 people have searched for KMX on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.

MarketBeat Follows

9 people have added CarMax to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CarMax insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,803,843.00 in company stock.

Percentage Held by Insiders

Only 1.66% of the stock of CarMax is held by insiders.

KMX Stock Analysis - Frequently Asked Questions

How have KMX shares performed this year?

CarMax's stock was trading at $76.74 at the beginning of the year. Since then, KMX stock has increased by 0.8% and is now trading at $77.32.
View the best growth stocks for 2024 here.

How were CarMax's earnings last quarter?

CarMax, Inc. (NYSE:KMX) posted its quarterly earnings data on Thursday, September, 26th. The company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by $0.01. The company's quarterly revenue was down .9% compared to the same quarter last year.
Read the conference call transcript.

Does CarMax have any subsidiaries?

CarMax subsidiaries include Edmunds, CarMax Auto Superstores, CarMax Auto Superstores California, CarMax Auto Superstores Services, CarMax Auto Superstores West Coast, CarMax Business Services, CarMax Enterprise Services LLC, and Glen Allen Insurance.

Who are CarMax's major shareholders?

CarMax's top institutional shareholders include Principal Financial Group Inc. (5.37%), Diamond Hill Capital Management Inc. (4.29%), Primecap Management Co. CA (3.47%) and First Pacific Advisors LP (1.53%). Insiders that own company stock include William D Nash, James Lyski, Enrique N Mayor-Mora, Charles Joseph Wilson, Mohammad Shamim, Jill A Livesay, Diane L Cafritz, Jon G Daniels and John M Stuckey III.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CarMax own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CarMax investors own include NVIDIA (NVDA), Intel (INTC), Walt Disney (DIS), Advanced Micro Devices (AMD), Tesla (TSLA), QUALCOMM (QCOM) and Netflix (NFLX).

Company Calendar

• Last Earnings: 9/26/2024
• Today: 9/28/2024
• Next Earnings (Estimated): 12/19/2024
• Fiscal Year End: 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Automotive dealers & gasoline service stations
• Sub-Industry: Automotive Retail
• Current Symbol: NYSE:KMX
• CUSIP: 14313010
• CIK: 1170010
• Web: www.carmax.com
• Phone: (804) 747-0422
• Fax: 804-217-6819
• Employees: 29,836
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $78.92
• High Stock Price Target: $105.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +2.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.56
• Trailing P/E Ratio: 30.20
• Forward P/E Ratio: 25.86
• P/E Growth: 1.56
• Net Income: $479.20 million
• Net Margins: 1.55%
• Pretax Margin: 2.08%
• Return on Equity: 6.64%
• Return on Assets: 1.48%

Debt

• Debt-to-Equity Ratio: 2.95
• Current Ratio: 2.50
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $25.96 billion
• Price / Sales: 0.46
• Cash Flow: $4.74 per share
• Price / Cash Flow: 16.32
• Book Value: $38.47 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 156,079,000
• Free Float: 153,488,000
• Market Cap: $12.07 billion
• Optionable: Optionable
• Beta: 1.69