Should I buy or sell CarMax stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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. View KMX analyst ratings or view top-rated stocks .

What is CarMax's stock price target for 2024?

12 Wall Street analysts have issued 1 year target prices for CarMax's shares. Their KMX share price targets range from $50.00 to $105.00. On average, they expect the company's stock price to reach $78.25 in the next twelve months. This suggests a possible upside of 12.7% 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 2024?

CarMax's stock was trading at $76.74 at the beginning of 2024. Since then, KMX shares have decreased by 9.5% and is now trading at $69.46. View the best growth stocks for 2024 here .

When is CarMax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, June 28th 2024. View our KMX earnings forecast .

How were CarMax's earnings last quarter?

CarMax, Inc. (NYSE:KMX) announced its quarterly earnings data on Thursday, April, 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.13. The company earned $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a trailing twelve-month return on equity of 7.26%. The firm's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. Read the conference call transcript .

What ETFs hold CarMax's stock?

ETFs with the largest weight of CarMax (NYSE:KMX) stock in their portfolio include Kovitz Core Equity ETF (EQTY) , FPA Global Equity ETF (FPAG) , First Trust S-Network E-Commerce ETF (ISHP) , Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) , Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) , Nuveen ESG Mid-Cap Value ETF (NUMV) , Invesco S&P 500 Pure Value ETF (RPV) and VanEck Morningstar SMID Moat ETF (SMOT) .

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) .

Who are CarMax's major shareholders?

CarMax's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Nexus Investment Management ULC (0.22%), Confluence Investment Management LLC (0.09%), Massmutual Trust Co. FSB ADV (0.09%), Eldred Rock Partners LLC (0.08%), Portman Square Capital LLP (0.00%) and Timber Creek Capital Management LLC (0.04%). Insiders that own company stock include Charles Joseph Wilson , Diane L Cafritz, Diane L Cafritz , Edwin J Hill, Edwin J Hill , Enrique N Mayor-Mora , Eric M Margolin , James Lyski , Jill A Livesay , Jon G Daniels , Mohammad Shamim , Ronald E Blaylock 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NYSE:KMX

CarMax (KMX) Stock Price, News & Analysis

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$69.46

-1.95 (-2.73%)

(As of 04/15/2024 ET)

Compare

Today's Range: $69.02
▼
$71.93
50-Day Range: $69.46
▼
$87.11
52-Week Range: $59.66
▼
$88.22

Volume: 3.64 million shs
Average Volume: 1.99 million shs
Market Capitalization: $10.97 billion

P/E Ratio: 22.92
Dividend Yield: N/A
Price Target: $78.25

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CarMax MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 12.7% Upside
$78.25 Price Target
Short Interest: Bearish
12.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.21
Upright™ Environmental Score
News Sentiment: -0.13
Based on 81 Articles This Week
Insider Trading: Selling Shares
$2.74 M Sold Last Quarter
Proj. Earnings Growth: 20.39%
From $3.58 to $4.31 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.33 out of 5 stars

Retail/Wholesale Sector

98th out of 201 stocks

Automotive Dealers & Gasoline Service Stations Industry

8th out of 19 stocks

3.1

Analyst's Opinion

Consensus Rating
CarMax has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
CarMax has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

0.0

Short Interest

Percentage of Shares Shorted
12.16% 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 11.1, which indicates bearish sentiment.
Change versus previous month
Short interest in CarMax has recently increased by 4.14%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CarMax does not currently pay a dividend.
Dividend Growth
CarMax does not have a long track record of dividend growth.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CarMax has received a -27.67% net impact score from Upright. The largest negative impact of CarMax in category "GHG emissions" seems to be driven mostly by its "Truck repair", "Online retail of cars", and "Physical retail of used cars at a car dealer" products. See details.
Environmental Sustainability
The Environmental Impact score for CarMax is -2.21.

1.6

News and Social Media Coverage

News Sentiment
CarMax has a news sentiment score of -0.13. 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 0.56 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 81 news articles for CarMax this week, compared to 11 articles on an average week.
Search Interest
26 people have searched for KMX on MarketBeat in the last 30 days. This is an increase of 271% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added CarMax to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

0.8

Company Ownership

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 $2,740,901.00 in company stock.
Percentage Held by Insiders
Only 1.66% of the stock of CarMax is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CarMax are expected to grow by 20.39% in the coming year, from $3.58 to $4.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CarMax is 22.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of CarMax is 22.92, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 25.19.
Price to Earnings Growth Ratio
CarMax has a PEG Ratio of 1.09. 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 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CarMax Stock (NYSE:KMX)

CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company 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. It 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. The company was founded in 1993 and is based in Richmond, Virginia.

KMX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KMX Stock News Headlines

April 11, 2024 | marketbeat.com

Carmax Returns to the Bargain Basement: Buy the Dip?

CarMax, Inc. NYSE: KMX shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets.

April 11, 2024 | marketbeat.com

Carmax Returns to the Bargain Basement: Buy the Dip?

Carmax is gaining leverage for an auto sales recovery that could begin this year when the FOMC cuts interest rates. The only question is the timing.

April 16, 2024 | InvestorPlace (Ad)

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April 10, 2024 | marketbeat.com

Edmunds picks the best used plug-in hybrids that qualify for the federal tax credit

If you’re in the market for a used car and want to score a nice discount, consider getting a plug-in hybrid vehicle that qualifies for the federal tax credit

April 16, 2024 | americanbankingnews.com

CarMax (NYSE:KMX) Given New $55.00 Price Target at JPMorgan Chase & Co.

April 16, 2024 | americanbankingnews.com

Carmax Inc (KMX) Investor Alert: Key Takeaways From Their Latest Financial Filing

April 15, 2024 | msn.com

Why CarMax Stock (NYSE:KMX) Could be a Gem for Contrarians

April 15, 2024 | benzinga.com

Behind the Scenes of CarMax's Latest Options Trends

April 16, 2024 | InvestorPlace (Ad)

A.I. “Perfect Storm” Could Send THESE Stocks Sky High

A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.

April 15, 2024 | finance.yahoo.com

Auto Roundup: KMX's Weak Quarterly Results, TSLA's FSD Price Cut & More

April 15, 2024 | finance.yahoo.com

Q4 Rundown: OneWater (NASDAQ:ONEW) Vs Other Automotive and Marine Retail Stocks

April 15, 2024 | americanbankingnews.com

William Blair Comments on CarMax, Inc.'s Q4 2025 Earnings (NYSE:KMX)