CarMax Inc. (NYSE:KMX) finished Thursday with an addition of $2.02 to close at $61.26, an upside of 3.41 percent. An average of 6,628,680 shares of common stock have been traded in the last five days. There was a gain of $1.89 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,644,945 shares traded, while the 50-day average volume stands at 2,801,230.
KMX stock has decreased by -8.73% in the last month. The company shares reached their 1-month lowest point of $52.10 on 12/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $52.10 and a high of $130.74 in 52 weeks. It has reached a new high 1 time so far this year and lost -52.96% or -$68.97 in price. In spite of this, the price is down -53.14% from the 52-week high.
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KMX stock investors should be aware that CarMax Inc. (KMX) stock had its last reported insider trading activity 162 days ago on Jul 21. In this transaction, the insider spent $1,473,836. EVP and CITO, Shamim Mohammad, disposed of 3,456 shares at a price of $93.91 on Jul 18. The insider now owns more than $324,553 worth of shares. Prior to that, EVP, General Counsel & CHRO Cafritz Diane L went on to Sale 18,092 shares at $91.06 each on Jul 01. An amount of $1,647,430 was transacted.
CarMax Inc. (KMX) has a trailing price-to-earnings (P/E) ratio of 17.22. The stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.29, the price-to-book (PB) ratio at 1.80.
The quick ratio of CarMax Inc. for the three months ended August 30 was 0.60, and the current ratio was 2.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.36 and a total debt to equity ratio of 3.49 for the quarter ending August 30. Its gross profit as reported stood at $3.29 billion compared to revenue of $31.9 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CarMax Inc.’s return on assets was 3.70%.
For the three-month period that ended August 30, CarMax Inc. had $15.53 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $125.91 million in the quarter, while revenues of $252.27 million were shrunk -126.57%. The analyst consensus anticipated CarMax Inc.’s latest quarter earnings to come in at $1.39 per share, but it turned out to be $0.79, a -43.20% surprise. For the quarter, EBITDA amounted to $263.71 million. Shareholders own equity worth $158.02 million.
From a technical analysis perspective, let’s take a brief look at CarMax Inc. (KMX) price momentum. RSI 9-day as of the close on 29 December was 46.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 59.58%.
As of today, KMX’s price is $59.66 +3.18% or $1.89 from its 5-day moving average. KMX is currently trading -11.68% lower than its 20-day SMA and -38.60% lower than its 100-day SMA. However, the stock’s current price level is +0.94% above the SMA50 and -39.30% below the SMA200.
The stochastic %K and %D were 47.66% and 46.83%, respectively, and the average true range (ATR) was 3.25. With the 14-day stochastic at 53.19% and the average true range at 3.21, the RSI (14) stands at 44.93%. The stock has reached 0.87 on the 9-day MACD Oscillator while the 14-day reading was at -1.61.
Oppenheimer reiterated its an Outperform rating on CarMax Inc. (NYSE: KMX), but raised their price target to $100, indicating a potential price increase of 38.74% for the stock. The consensus rating for CarMax Inc. (KMX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KMX, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is KMX’s price target for the next 12 months?
Analysts predict a range of price targets between $26.00 and $85.00, with a median target of $63.00. Taking a look at these predictions, the average price target given by analysts for CarMax Inc. (KMX) stock is $61.93.