Carmax Inc (NYSE:KMX) has a beta value of 1.60 and has seen 0.95 million shares traded in the recent trading session. The company, currently valued at $12.67B, closed the recent trade at $80.25 per share which meant it lost -$3.14 on the day or -3.77% during that session. The KMX stock price is -9.93% off its 52-week high price of $88.22 and 25.66% above the 52-week low of $59.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.95 million shares traded. The 3-month trading volume is 1.73 million shares.
The consensus among analysts is that Carmax Inc (KMX) is an Overweight stock at the moment, with a recommendation rating of 2.33. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 21 have rated it as a Hold, with 9 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.49.
Carmax Inc (NYSE:KMX) trade information
Sporting -3.77% in the red today, the stock has traded in the red over the last five days, when the KMX stock price touched $80.25 or saw a rise of 5.06%. Year-to-date, Carmax Inc shares have moved 4.57%, while the 5-day performance has seen it change -4.04%. Over the past 30 days, the shares of Carmax Inc (NYSE:KMX) have changed -1.09%. Short interest in the company has seen 19.12 million shares shorted with days to cover at 12.57.
Wall Street analysts have a consensus price target for the stock at $81.80, which means that the shares’ value could jump 1.89% from the levels at last check today. The projected low price target is $50.00 while the price target rests at a high of $105.00. In that case, then, we find that the latest price level in today’s session is -30.84% off the targeted high while a plunge would see the stock lose 37.69% from the levels at last check today.
Carmax Inc (KMX) estimates and forecasts
Figures show that Carmax Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 18.57% over the past 6 months, with this year growth rate of -4.95%, compared to 6.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 11.40% and 6.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.80%.
14 analysts offering their estimates for the company have set an average revenue estimate of $5.79 billion for the current quarter. 11 have an estimated revenue figure of $7.69 billion for the next quarter concluding in May 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.36% over the past 5 years.
KMX Dividends
Carmax Inc is expected to release its next earnings report on April 11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Carmax Inc (NYSE:KMX)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 109.23% with a share float percentage of 109.59%. Investors are also buoyed by the number of investors in a company, with Carmax Inc having a total of 963 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 17.98 million shares worth more than $1.5 billion. As of Jun 29, 2023, Vanguard Group Inc held 11.33% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 10.61 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $887.87 million and represent 6.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Principal Mid Cap Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 3.97% shares in the company for having 6.29 million shares of worth $520.02 million while later fund manager owns 4.93 million shares of worth $412.74 million as of Jun 29, 2023, which makes it owner of about 3.11% of company’s outstanding stock.
