CarMax, Inc. (KMX)

NYSE: KMX · IEX Real-Time Price · USD
+1.72 (2.49%)
At close: Sep 29, 2023, 4:03 PM
+0.43 (0.61%)
After-hours: Sep 29, 2023, 7:05 PM EDT
Market Cap 11.19B
Revenue (ttm) 26.99B
Net Income (ttm) 453.53M
Shares Out 158.21M
EPS (ttm) 2.86
PE Ratio 24.73
Forward PE 22.45
Dividend n/a
Ex-Dividend Date n/a
Volume 5,051,044
Open 69.62
Previous Close 69.01
Day's Range 68.73 - 72.44
52-Week Range 52.10 - 87.50
Beta 1.44
Analysts Hold
Price Target 76.80 (+8.58%)
Earnings Date Sep 28, 2023

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]

IPO Date Feb 4, 1997
Employees 30,621
Stock Exchange NYSE
Ticker Symbol KMX
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for KMX stock is "Hold." The 12-month stock price forecast is $76.8, which is an increase of 8.58% from the latest price.

Price Target
(8.58% upside)
Analyst Consensus: Hold
Stock Forecasts


CarMax Slides On Earnings Disappointment, Time To Celebrate?

Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this t...

1 day ago - MarketBeat

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...

1 day ago - PYMNTS

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...

1 day ago - Investopedia

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...

1 day ago - Yahoo Finance

CarMax Stock Slides as Quarterly Revenue Declines 13%

The used-car seller says 'vehicle affordability' weighed on second-quarter sales.

2 days ago - Barrons

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.

2 days ago - Market Watch

CarMax quarterly profit slips on slow used-vehicle demand

CarMax on Thursday posted a lower quarterly profit amid tepid demand for preowned vehicles.

2 days ago - Reuters

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...

2 days ago - Business Wire

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.

2 days ago - Barrons

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...

Other symbols: MSFT
4 days ago - Yahoo Finance

Carvana, CarMax stocks rise ahead of autoworkers' contract expiration

Shares of used-car retailers Carvana Co. CVNA, +12.08% rallied more than 12%, and shares of CarMax Inc. KMX, +3.05% rose around 2%, in midday trading Thursday, with just hours to go for a contract's e...

Other symbols: CVNA
15 days ago - Market Watch

Used car prices fall 7.7% in August year-over-year as market normalizes

CNBC's Phil LeBeau reports on news from the used car market and the looming auto strike.

Other symbols: ANGPI
22 days ago - CNBC Television

CarMax Announces Second Quarter Conference Call

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2023 before the market opens on September 28, 2023, and it will host a...

23 days ago - Business Wire

Final Trades: Carmax, Uber & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: UBERALBFCX
4 weeks ago - CNBC Television

CarMax Results Show Car Affordability Still an Issue Amid Higher Rates

The used vehicle market might be seeing improvement, but affordability remains elusive. CarMax posted first-quarter earnings results for fiscal year 2024 Friday (June 23) that showed a slowing sales d...

3 months ago - PYMNTS

CarMax shares on pace for best day in three years

Aureus Asset Management's Karen Firestone joins 'Halftime Report' to discuss CarMax earnings topping sales and profit estimates, weakness in the used car market, and the new versus used car market.

3 months ago - CNBC Television

CarMax Sees Sales Declines Ease as It Works to Lower Prices

Sales fell 17% in its recently ended quarter as rising interest rates kept used-car prices high and inflation continues to weigh on its customers' budgets.

3 months ago - WSJ

CarMax Shares Soar After Beating Quarterly Profit and Sales Estimates

Shares of CarMax jumped on Friday morning after the used car dealer exceeded quarterly earnings and revenue forecasts following cost-cutting measures.

3 months ago - Investopedia

CarMax Stock Flying On Earnings Beat, Return Of The Highs?

Shares of the diversified auto dealership CarMax NYSE: KMX are flying higher by as much as 10% right during the opening hours of Friday's trading session; the quick advance comes amid the company anno...

3 months ago - MarketBeat

Cramer's Mad Dash on Carmax: Please do not sell this

CNBC's Jim Cramer delivers his daily Mad Dash.

3 months ago - CNBC Television

CarMax Stock Jumps After Earnings Beat

The used-car seller topped analyst expectations on both profit and sales for the first quarter.

3 months ago - Barrons

CarMax beats profit estimates powered by cost-cuts; shares jump

CarMax Inc on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost cutting measures that were implemented to tackle a fall in demand for used ca...

3 months ago - Reuters

CarMax stock leaps toward a 9-month high after big profit beat, sales that fell less than forecast

Shares of CarMax Inc. KMX, +0.03% jumped 8.3% toward a nine-month high in premarket trading Friday, after the used car seller reported a big fiscal first-quarter profit beat as used, consumer and deal...

3 months ago - Market Watch

Carmax Reports First Quarter Fiscal 2024 Results

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights: Net revenues were $7.7 billion, down 17.4% compared with the prior ...

3 months ago - Business Wire

Karen Firestone's top stock picks: Amazon, Adobe, Carmax

Karen Firestone, Chairman and CEO of Aureus Asset Management, joins 'Squawk Box' to discuss the latest market trends, and her top stocks to watch including Amazon, Adobe, and Carmax.

Other symbols: ADBEAMZN
3 months ago - CNBC Television