Carmax Inc (NYSE:KMX) price on current trading day, fall -19.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $64.83.
A look at the stock’s price movement, the level at last check in today’s session was $80.06, moving within a range at $64.3 and $71.55. The beta value (5-Year monthly) was 1.586 while the PE ratio in trailing twelve months stood at 22.05. Turning to its 52-week performance, $91.25 and $65.83 were the 52-week high and 52-week low respectively. Overall, KMX moved -10.63% over the past month.
Carmax Inc’s market cap currently stands at around $9.97 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-18.
Analysts have a consensus estimate of 5.98B for the company’s revenue for the quarter, with a low and high estimate of 5.76B and 6.34B respectively. The average forecast suggests up to a 6.29% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 26.34B, representing a -0.74% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KMX is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 8 recommend KMX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KMX’s current price about -12.71% and -18.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.64, while 7-day volatility ratio is 8.54% and 4.93% in the 30-day chart. Further, Carmax Inc (KMX) has a beta value of 1.40, and an average true range (ATR) of 4.84. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $88 and high of $103. Looking at the price targets, the low is -35.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move -58.88%. Nonetheless, investors will most likely welcome a -38.82% jump to $90 which is the analysts’ median price.
If we refocus on Carmax Inc (NYSE:KMX), historical trading data shows that trading volumes averaged 4.29 over the past 10 days and 2.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 153.91 million shares.
The 0.46% of Carmax Inc’s shares are in the hands of company insiders while institutional holders own 109.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.84 million on 2025-03-14, giving us a short ratio of 6.19. The data shows that as of 2025-03-14 short interest in Carmax Inc (KMX) stood at 876.0 of shares outstanding, with shares short rising to 11.72 million registered in 2025-02-14. Current price change has pushed the stock -20.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KMX stock continues to rise going into the next quarter.
