Carmax Inc (NYSE:KMX) saw an upside of 0.62% to close Tuesday at $78.25 after adding $0.48 on the day. The 5-day average trading volume is 1,876,880 shares of the company’s common stock. It has gained $83.24 in the past week and touched a new high 1 time within the past 5 days. An average of 1,404,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,280,324.
KMX’s 1-month performance is -0.22% or -$0.17 on its low of $76.43 reached on 09/22/23. The company’s shares have touched a 52-week low of $52.10 and high of $87.50, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, KMX has achieved 28.51% or $17.36 and has reached a new high 14 times. However, the current price is down -10.57% from the 52-week high price.
Insider Transactions
KMX stock investors last saw insider trading activity on Jul 20.Daniels Jon G (SVP, CAF) most recently sold 7,783 shares at $85.25 per share on Jul 20. This transaction cost the insider $663,501. EVP & Chief Marketing Officer, Lyski James, sold 67,345 shares at a price of $84.27 on Jul 12. Then, on Jul 12, SVP Newberry Darren C sold 9,607 shares at a price of $84.56 per share. This transaction amounted to $812,368.
Valuation Metrics
KMX stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.44 while the price-to-book (PB) in the most recent quarter is 2.13, with the price to cash flow ratio at 120.82.
Carmax Inc’s quick ratio for the period ended May 30 was 0.61, with the current ratio over the same period at 2.54. As well, the company’s long term debt to equity for the quarter ending May 30 was 3.24, while the total debt to equity was 3.34.. In terms of profitability, the gross margin trailing 12 months is 8.89%. The trailing 12-month EBITDA margin is 0.11% while for the period ending May 30, Carmax Inc’s operating margin was -0.78%. The firm’s gross profit as reported stood at $2.8 billion against revenue of $29.68 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -10.5% to $228.3 million, while revenue of $69.01 million was 69.77% off the previous quarter. Analysts expected KMX to announce $0.79 per share in earnings in its latest quarter, but it posted $1.16, representing a 46.80% surprise. EBITDA for the quarter stood at more than $399.49 million. KMX stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 21.14 billion, with total debt at $19.44 billion. Shareholders hold equity totaling $158.21 million.
Let’s look briefly at Carmax Inc (KMX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 37.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.62%.
The stock’s 5-day moving average is $78.60, reflecting a -4.62% or -$3.79 change from its current price. KMX is currently trading -2.13% above its 20-day SMA, +10.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.50% and SMA200 by+20.20%.
Stochastic %K and %D was 13.95% and 10.55% and the average true range (ATR) pointed at 2.20. The RSI (14) points at 40.50%, while the 14-day stochastic is at 22.43% with the period’s ATR at 2.18. The stock’s 9-day MACD Oscillator is pointing at -2.94 and -3.19 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Carmax Inc (NYSE: KMX), Wedbush upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for KMX stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate KMX as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is KMX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $44.00 and a high of $105.00, with their median price target at $81.00. Looking at these predictions, the average price target given by analysts is for Carmax Inc (KMX) stock is $79.83.
