CarMax, Inc. (KMX)
Market Cap | 13.76B |
Revenue (ttm) | 26.63B |
Net Income (ttm) | 497.95M |
Shares Out | 157.92M |
EPS (ttm) | 3.14 |
PE Ratio | 27.74 |
Forward PE | 29.08 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,937,864 |
Open | 87.25 |
Previous Close | 86.98 |
Day's Range | 86.92 - 88.22 |
52-Week Range | 59.66 - 88.14 |
Beta | 1.61 |
Analysts | Hold |
Price Target | 80.42 (-7.68%) |
Earnings Date | Dec 21, 2022 |
About 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 pro... [Read more]
Financial Performance
In 2022, CarMax's revenue was $29.68 billion, a decrease of -6.95% compared to the previous year's $31.90 billion. Earnings were $484.76 million, a decrease of -57.89%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for KMX stock is "Hold." The 12-month stock price forecast is $80.42, which is a decrease of -7.68% from the latest price.
News
Digital Auto Sales Are Here to Stay. That's Good for CarMax and Carvana.
Analysts expect continued industry disruption from online car retailers.
CarMax Announces Fourth Quarter Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the fourth quarter ended February 29, 2024 before the market opens on April 11, 2024, and it will host a c...
Gotham FC Announces CarMax as Jersey-Front and Marquee Partner
Announcement part of expanded partnership with CarMax to elevate women in sports Announcement part of expanded partnership with CarMax to elevate women in sports
CarMax Stock Jumps As Earnings Top Expectations, Company Restarts Stock Buyback Program
CarMax (KMX) shares took off after the biggest U.S. used car dealer beat profit forecasts as it sold more vehicles in the wholesale market. The company also reinstated its share repurchase program.
Midday Movers: CarMax Helps Drive the S&P 500 Higher
U.S. equities brushed off Wednesday's selloff and went back to their winning ways at midday on Thursday after several companies reported better-than-expected results. The Dow, S&P 500, and Nasdaq all ...
CarMax Stock Is Soaring. Buybacks Resumed, and Earnings Beat.
Used-car retailer CarMax resumed stock repurchases after pausing for a year. Third-quarter earnings topped views, but sales came in light.
CarMax's stock jumps after profit beat expectations, while sales fell short
Shares of CarMax Inc. KMX, -2.56% rallied 5.2% toward a three-month high in premarket trading Thursday, after the used car seller reported fiscal third-quarter profit that beat expectations, overshado...
CarMax Reports Third Quarter Fiscal 2024 Results
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2023. Highlights: Net revenues were $6.1 billion, down 5.5% compared with the pr...
Earnings Exchange: Paychex, CarMax & Carnival
Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Paychex, CarMax, and Carnival.
CarMax and Cintas report earnings before the bell Thursday—Here's what to expect
The “Halftime Report” Investment Committee share what they're watching in tomorrow's earnings calls.
CarMax Introduces its First All-Electric Semi-Truck into Logistics Fleet
Initiative part of company's commitment to reduce greenhouse gas emissions by 50% by 2025 and achieve net zero carbon emissions by 2050 Initiative part of company's commitment to reduce greenhouse gas...
CarMax Announces Third Quarter Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the third quarter ended November 30, 2023 before the market opens on December 21, 2023, and it will host a...
CarMax, Carvana Shares Tumble After Amazon Says It Will Sell Cars
Shares of online car sellers tumbled on Thursday after Amazon (AMZN) announced it will begin selling vehicles to U.S. customers starting in 2024.
Amazon to launch online vehicle sales in 2024, and CarMax, Carvana stocks dive
Amazon.com Inc. AMZN, -0.27% announced Thursday that it will launch online vehicles sales in the U.S., starting in 2024 with sales of Hyundai Motor Co. 005380, +1.26% vehicles. That sent shares of aut...
CarMax CEO on UAW strike: It's too early to tell how it will impact the used-car market
CarMax CEO Bill Nash joins 'Mad Money' host Jim Cramer to talk vehicle affordability, inflations impact on the used car market and rising rates.
CarMax Celebrates 30-Year Anniversary by Ringing the NYSE Closing Bell October 10
NEW YORK, New York, Oct. 10, 2023 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, celebrates 30 years of revolutionizing the used car industry by ringing the ...
CarMax Reports Shoppers ‘Staying on Sidelines' Amid High Interest Rates
Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines” due to both interest rates and affordabilit...
CarMax Shares Sink as Used Car Demand Falls Amid Rising Loan Costs
CarMax (KMX) shares tumbled over 9% in early trading on Thursday after reporting a profit below forecasts as demand for used vehicles slowed and the company spent more to cover potential losses from b...
CarMax stock drops on Q2 earnings, interest rate pressures
Shares of used car retailer CarMax (KMX) are falling this morning over its mixed second-quarter earnings, citing declining used car demand and higher interest rates impacting business. Yahoo Finance L...
CarMax Stock Slides as Quarterly Revenue Declines 13%
The used-car seller says 'vehicle affordability' weighed on second-quarter sales.
CarMax's stock slides 6.5% after earnings reflect pressures on used car industry
CarMax Inc.'s stock KMX, +1.84% slid 6.5% in premarket trade Thursday, after the used car retailer's second-quarter earnings fell from a year ago amid continued pressure in the sector.
CarMax quarterly profit slips on slow used-vehicle demand
CarMax on Thursday posted a lower quarterly profit amid tepid demand for preowned vehicles.
CarMax Reports Second Quarter Fiscal 2024 Results
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2023. Highlights: Net revenues were $7.1 billion, down 13.1% compared with the pr...
The 'Yield Curve' Is Improving. These Types of Stocks Should Benefit.
Concerns about the economy aren't completely going away, but the 10-year Treasury yield has risen substantially in the past several months.
Stock news September 25, 2023: Microsoft sheds last Sell rating, CarMax upgraded, IPO updates
There are no longer any "Sell" ratings on Microsoft (MSFT) shares after Guggenheim raised its rating to "Neutral" on the company's AI prospects. Shares of CarMax (KMX) were upgraded to "Outperform" at...