CarMax, Inc. (KMX)

NYSE: KMX · IEX Real-Time Price · USD
87.11
+0.13 (0.15%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.15%
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]

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 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.

Price Target
$80.42
(-7.68% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Digital Auto Sales Are Here to Stay. That's Good for CarMax and Carvana.

Analysts expect continued industry disruption from online car retailers.

Other symbols: CVNA
7 days ago - Barrons

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...

8 days ago - Business Wire

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

4 weeks ago - GlobeNewsWire

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.

3 months ago - Investopedia

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 ...

3 months ago - Investopedia

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.

3 months ago - Barrons

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...

3 months ago - Market Watch

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...

3 months ago - Business Wire

Earnings Exchange: Paychex, CarMax & Carnival

Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Paychex, CarMax, and Carnival.

Other symbols: CCLPAYX
3 months ago - CNBC Television

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.

Other symbols: CTAS
3 months ago - CNBC Television

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...

3 months ago - GlobeNewsWire

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...

4 months ago - Business Wire

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.

Other symbols: AMZNCVNA
4 months ago - Investopedia

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...

Other symbols: AMZNCVNA
4 months ago - Market Watch

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.

6 months ago - CNBC Television

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 ...

6 months ago - GlobeNewsWire

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...

6 months 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...

6 months 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...

6 months ago - Yahoo Finance

CarMax Stock Slides as Quarterly Revenue Declines 13%

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

6 months 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.

6 months 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.

6 months 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...

6 months 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.

6 months 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
6 months ago - Yahoo Finance