CarMax Inc. [NYSE: KMX] slipped around -8.13 points on Tuesday, while shares priced at $92.33 at the close of the session, down -8.09%. The company report on December 22, 2020 that CarMax, Inc. to Host Earnings Call.
CarMax, Inc. (NYSE:KMX) will be discussing their earnings results in their 2021 Third Quarter Earnings call to be held on December 22, 2020 at 9:00 AM Eastern Time.
To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/71992.
CarMax Inc. stock is now 5.32% up from its year-to-date (YTD) trading value. KMX Stock saw the intraday high of $98.83 and lowest of $91.83 per share. The company’s 52-week high price is 109.31, which means current price is +145.62% above from all time high which was touched on 08/25/20.
Compared to the average trading volume of 1.57M shares, KMX reached a trading volume of 9154209 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CarMax Inc. [KMX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KMX shares is $115.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KMX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for CarMax Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 09, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on October 19, 2020, representing the official price target for CarMax Inc. stock.
The Average True Range (ATR) for CarMax Inc. is set at 3.06, with the Price to Sales ratio for KMX stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 3.79, with the Price to Cash per share for the same quarter was set at 4.27. Price to Free Cash Flow for KMX in the course of the last twelve months was 29.25 with Quick ratio for the last quarter at 0.90.
How has KMX stock performed recently?
CarMax Inc. [KMX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.95. With this latest performance, KMX shares dropped by -2.35% in over the last four-week period, additionally plugging by 3.22% over the last 6 months – not to mention a rise of 3.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KMX stock in for the last two-week period is set at 43.39, with the RSI for the last a single of trading hit 39.48, and the three-weeks RSI is set at 45.44 for CarMax Inc. [KMX]. The present Moving Average for the last 50 days of trading for this stock 93.72, while it was recorded at 97.98 for the last single week of trading, and 88.17 for the last 200 days.
CarMax Inc. [KMX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CarMax Inc. [KMX] shares currently have an operating margin of +2.94 and a Gross Margin at +13.40. CarMax Inc.’s Net Margin is presently recorded at +4.37.
Return on Total Capital for KMX is now 3.20, given the latest momentum, and Return on Invested Capital for the company is 4.88. Return on Equity for this stock inclined to 24.94, with Return on Assets sitting at 4.43. When it comes to the capital structure of this company, CarMax Inc. [KMX] has a Total Debt to Total Equity ratio set at 422.77. Additionally, KMX Total Debt to Total Capital is recorded at 80.87, with Total Debt to Total Assets ending up at 74.80. Long-Term Debt to Equity for the company is recorded at 410.31, with the Long-Term Debt to Total Capital now at 78.49.
Reflecting on the efficiency of the workforce at the company, CarMax Inc. [KMX] managed to generate an average of $32,844 per employee. Receivables Turnover for the company is 122.80 with a Total Asset Turnover recorded at a value of 1.01.CarMax Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 2.70.
Earnings analysis for CarMax Inc. [KMX]
With the latest financial reports released by the company, CarMax Inc. posted 1.3/share EPS, while the average EPS was predicted by analysts to be reported at 1.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KMX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CarMax Inc. go to 11.75%.
Insider trade positions for CarMax Inc. [KMX]
There are presently around $14,934 million, in the hands of institutional investors. The top three institutional holders of KMX stocks are: VANGUARD GROUP INC with ownership of 17,388,804, which is approximately -3.278% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 10,601,338 shares of the stock with an approximate value of $978.82 million in KMX stocks shares; and PRINCIPAL FINANCIAL GROUP INC, currently with $893.57 million in KMX stock with ownership of nearly -4.248% of the company’s market capitalization.
Positions in CarMax Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 279 institutional holders increased their position in CarMax Inc. [NYSE:KMX] by around 8,585,643 shares. Additionally, 283 investors decreased positions by around 12,971,829 shares, while 116 investors held positions by with 140,183,929 shares. The mentioned changes placed institutional holdings at 161,741,401 shares, according to the latest SEC report filing. KMX stock had 91 new institutional investments in for a total of 4,452,200 shares, while 49 institutional investors sold positions of 2,627,948 shares during the same period.