Carmax Inc Stock Today
| KMX Stock | USD 69.11 0.58 0.85% |
Performance0 of 100
| Odds Of DistressLess than 5
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CarMax is trading at 69.11 as of the 18th of April 2024; that is 0.85% increase since the beginning of the trading day. The stock's open price was 68.53. CarMax has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for CarMax Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Consumer Discretionary Distribution & Retail | IPO Date 4th of February 1997 | Category Consumer Cyclical | Classification Consumer Discretionary |
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia. CarMax operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. The company has 157.39 M outstanding shares of which 19.12 M shares are now shorted by investors with about 12.57 days to cover. More on CarMax Inc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 28th of June 2024
CarMax Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CarMax's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CarMax or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, CarMax's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CarMax's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | William Nash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, SP 500 Index, Corona Opportunity, Millennials Best, Consumer Discretionary, Specialty Retail, Auto & Truck Dealerships, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering CarMax report their recommendations after researching CarMax's financial statements, talking to executives and customers, or listening in on CarMax's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CarMax Inc. The CarMax consensus assessment is calculated by taking the average forecast from all of the analysts covering CarMax. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from CarMax's financial statements, CarMax Inc may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. Financial strength of CarMax Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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CarMax's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CarMax's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CarMax's financial leverage. It provides some insight into what part of CarMax's total assets is financed by creditors.
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CarMax Inc (KMX) is traded on New York Stock Exchange in USA. It is located in 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 and employs 29,836 people. CarMax is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 10.99 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CarMax's market, we take the total number of its shares issued and multiply it by CarMax's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CarMax Inc runs under Specialty Retail sector within Consumer Discretionary industry. The entity has 157.39 M outstanding shares of which 19.12 M shares are now shorted by investors with about 12.57 days to cover.
CarMax Inc has about 102.72 M in cash with 458.62 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36.
Check CarMax Probability Of Bankruptcy
Ownership AllocationCarMax Inc retains a total of 157.39 Million outstanding shares. The majority of CarMax Inc outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CarMax Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in CarMax. Please pay attention to any change in the institutional holdings of CarMax Inc as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check CarMax Ownership Details
CarMax Stock Price Odds Analysis
Based on a normal probability distribution, the odds of CarMax jumping above the current price in 90 days from now is about 89.01%. The CarMax Inc probability density function shows the probability of CarMax stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.3978. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, CarMax will likely underperform. Additionally, carMax Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of CarMax to move above the current price in 90 days from now is about 89.01 (This CarMax Inc probability density function shows the probability of CarMax Stock to fall within a particular range of prices over 90 days) .
CarMax Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CarMax that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CarMax's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CarMax's value.| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2023-12-31 | 3.2 M | |
| Akre Capital Management, Llc | 2023-12-31 | 2.7 M | |
| Morningstar Investment Services Llc | 2023-12-31 | 2.7 M | |
| Fiduciary Management, Inc. Of Milwaukee | 2023-12-31 | 2.6 M | |
| Turtle Creek Asset Management Inc. | 2023-12-31 | 2.6 M | |
| London Company Of Virginia | 2023-12-31 | 2.4 M | |
| Cooke & Bieler Lp | 2023-12-31 | 2.3 M | |
| First Pacific Advisors, Lp | 2023-12-31 | 2.3 M | |
| Wellington Management Company Llp | 2023-12-31 | 2.3 M | |
| Vanguard Group Inc | 2023-12-31 | 18.1 M | |
| Blackrock Inc | 2023-12-31 | 10.9 M |
CarMax Historical Income Statement
CarMax Inc Income Statement is one of the three primary financial statements used for reporting CarMax's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CarMax Inc revenue and expense. CarMax Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CarMax's Net Income From Continuing Ops is fairly stable compared to the past year. Non Operating Income Net Other is likely to rise to about 6.9 M in 2024, whereas Gross Profit is likely to drop slightly above 1.5 B in 2024. View More FundamentalsCarMax Stock Against Markets
Picking the right benchmark for CarMax stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CarMax stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CarMax is critical whether you are bullish or bearish towards CarMax Inc at a given time. Please also check how CarMax's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CarMax without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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CarMax Corporate Directors
CarMax corporate directors refer to members of a CarMax board of directors. The board of directors generally takes responsibility for the CarMax's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CarMax's board members must vote for the resolution. The CarMax board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Hombach | Independent Director | Profile | |
| Shira Goodman | Independent Director | Profile | |
| Edgar Grubb | Independent Director | Profile | |
| Mitchell Steenrod | Lead Independent Director | Profile |
How to buy CarMax Stock?
Before investing in CarMax, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CarMax. To buy CarMax stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CarMax. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CarMax stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CarMax Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CarMax Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as CarMax Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy CarMax Stock please use our How to Invest in CarMax guide.
Already Invested in CarMax Inc?
The danger of trading CarMax Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CarMax is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CarMax. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CarMax Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CarMax Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CarMax's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carmax Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carmax Inc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for CarMax Stock analysis
When running CarMax's price analysis, check to measure CarMax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.
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Is CarMax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CarMax. If investors know CarMax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CarMax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share 3.02 | Revenue Per Share 178.322 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0177 |
The market value of CarMax Inc is measured differently than its book value, which is the value of CarMax that is recorded on the company's balance sheet. Investors also form their own opinion of CarMax's value that differs from its market value or its book value, called intrinsic value, which is CarMax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CarMax's market value can be influenced by many factors that don't directly affect CarMax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CarMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if CarMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarMax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.