CarMax (KMX) Stock Price, News & Analysis

12 Wall Street equities 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 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.
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12 Wall Street analysts have issued 12-month target prices for CarMax's stock. Their KMX share price targets range from $50.00 to $105.00. On average, they anticipate the company's share price to reach $77.42 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
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CarMax's stock was trading at $76.74 at the beginning of 2024. Since then, KMX shares have decreased by 9.7% and is now trading at $69.33.
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CarMax saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 19,690,000 shares, a decrease of 6.6% from the April 15th total of 21,090,000 shares. Based on an average daily volume of 2,050,000 shares, the short-interest ratio is presently 9.6 days. Approximately 12.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, June 28th 2024.
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CarMax, Inc. (NYSE:KMX) released its earnings results on Thursday, April, 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by $0.13. The firm earned $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a trailing twelve-month return on equity of 7.26% and a net margin of 1.81%. The business's revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS.
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ETFs with the largest weight of CarMax (NYSE:KMX) stock in their portfolio include Kovitz Core Equity ETF (EQTY), First Trust S-Network E-Commerce ETF (ISHP), FPA Global Equity ETF (FPAG), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Invesco S&P 500 Pure Value ETF (RPV), Nuveen ESG Mid-Cap Value ETF (NUMV) and SPDR S&P Retail ETF (XRT).

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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.46%), Principal Financial Group Inc. (6.11%), Janus Henderson Group PLC (2.92%), Capital Research Global Investors (1.77%), Akre Capital Management LLC (1.72%) and First Pacific Advisors LP (1.49%). 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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