At the time of writing, Carmax Inc [KMX] stock is trading at $76.66, up 3.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The KMX shares have gain 8.49% over the last week, with a monthly amount glided 9.34%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, February 2024, Gotham FC Announces CarMax as Jersey-Front and Marquee Partner. In a post published today on Yahoo Finance, Announcement part of expanded partnership with CarMax to elevate women in sports.
From an analyst’s perspective:
Carmax Inc [NYSE: KMX] stock has seen the most recent analyst activity on September 25, 2023, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $90 from $85. Previously, Northcoast downgraded its rating to Neutral on June 12, 2023. JP Morgan downgraded its rating to a Underweight but stick to its price target of $60 on January 11, 2023. Argus downgraded its rating to a Hold. Oppenheimer reiterated a Outperform rating for this stock on December 23, 2022, and downed its price target to $75. In a note dated October 03, 2022, Stephens downgraded an Equal-Weight rating on this stock and revised its target price from $105 to $64.
For the past year, the stock price of Carmax Inc fluctuated between $55.76 and $87.50. Currently, Wall Street analysts expect the stock to reach $253.09 within the next 12 months. Carmax Inc [NYSE: KMX] shares were valued at $76.66 at the most recent close of the market. An investor can expect a potential return of 230.15% based on the average KMX price forecast.
Analyzing the KMX fundamentals
According to Carmax Inc [NYSE:KMX], the company’s sales were 26.63B for trailing twelve months, which represents an -5.49% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.88 points at the first support level, and at 73.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.72, and for the 2nd resistance point, it is at 78.78.
Carmax Inc [KMX] reported earnings per share of $0.52 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of $0.09 and a surprise factor of 20.90%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.75 per share as compared to estimates of $0.78 per share, a difference of -$0.03 representing a surprise of -3.80%.
Ratios To Look Out For
It is important to note that Carmax Inc [NYSE:KMX] has a current ratio of 2.45. On the other hand, the Quick Ratio is 0.71, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 24.44.
Transactions by insiders
Recent insider trading involved Livesay Jill A, VP, Controller & PAO, that happened on Jan 29 when 14199.0 shares were sold. EVP, General Counsel & CCO, Cafritz Diane L completed a deal on Jan 26 to sell 22000.0 shares. Meanwhile, EVP, General Counsel & CCO Cafritz Diane L sold 2730.0 shares on Jan 23.
