Investors are poised to add Carmax Inc (KMX) Stock to their long term portfolios

Carmax Inc [KMX] stock prices are up 1.11% to $84.56 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KMX shares have lost -0.04% over the last week, with a monthly amount glided 14.47%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Carmax Inc [NYSE: KMX] stock has seen the most recent analyst activity on December 05, 2024, when Stephens initiated its Equal-Weight rating and assigned the stock a price target of $86. Previously, Needham upgraded its rating to Buy on March 20, 2024, and kept the price target unchanged to $99. On March 19, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $80 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $90 on September 25, 2023. Northcoast downgraded its rating to a Neutral. In a note dated January 11, 2023, JP Morgan downgraded an Underweight rating on this stock but restated the target price of $60.

The stock price of Carmax Inc [KMX] has been fluctuating between $64.72 and $88.22 over the past year. Currently, Wall Street analysts expect the stock to reach $84.29 within the next 12 months. Carmax Inc [NYSE: KMX] shares were valued at $84.56 at the most recent close of the market. An investor can expect a potential drop of -0.32% based on the average KMX price forecast.

Analyzing the KMX fundamentals

The Carmax Inc [NYSE:KMX] reported sales of 25.90B for trailing twelve months, representing a drop of -0.85%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.02.

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 84.00 points at the first support level, and at 83.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.30, and for the 2nd resistance point, it is at 86.04.

Ratios To Look Out For

It’s worth pointing out that Carmax Inc [NYSE:KMX]’s Current Ratio is 2.25. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 31.92.

Transactions by insiders

Recent insider trading involved Livesay Jill A, VP, Controller & PAO, that happened on Jul 29 ’24 when 12000.0 shares were sold. EVP and CITO, Shamim Mohammad completed a deal on Jul 26 ’24 to sell 25000.0 shares. Meanwhile, Officer Shamim Mohammad bought 25000.0 shares on Jul 26 ’24.

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