As of close of business last night, Carmax Inc’s stock clocked out at $79.30, down -4.90% from its previous closing price of $83.39. In other words, the price has decreased by -$4.09 from its previous closing price. On the day, 3557962 shares were traded.
Ratios:
To gain a deeper understanding of KMX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 3.26 whereas as Long-Term Debt/Eq ratio is at 3.12.
On March 19, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $80.
Wedbush Upgraded its Neutral to Outperform on September 25, 2023, whereas the target price for the stock was revised from $85 to $90.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 29 ’24 when Livesay Jill A sold 14,199 shares for $70.89 per share. The transaction valued at 1,006,567 led to the insider holds 9,068 shares of the business.
Cafritz Diane L sold 22,000 shares of KMX for $1,541,760 on Jan 26 ’24. The EVP, General Counsel & CCO now owns 5,073 shares after completing the transaction at $70.08 per share. On Jan 23 ’24, another insider, Cafritz Diane L, who serves as the EVP, General Counsel & CCO of the company, sold 2,730 shares for $70.54 each. As a result, the insider received 192,574 and left with 5,073 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KMX now has a Market Capitalization of 13.17B and an Enterprise Value of 32.05B. As of this moment, Carmax’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.28, and their Forward P/E ratio for the next fiscal year is 22.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 1.20 whereas that against EBITDA is 19.89.
Stock Price History:
Over the past 52 weeks, KMX has reached a high of $88.22, while it has fallen to a 52-week low of $59.66. The 50-Day Moving Average of the stock is 78.55, while the 200-Day Moving Average is calculated to be 75.42.
Shares Statistics:
It appears that KMX traded 1.73M shares on average per day over the past three months and 2.15M shares per day over the past ten days. A total of 158.08M shares are outstanding, with a floating share count of 157.22M. Insiders hold about 0.44% of the company’s shares, while institutions hold 108.29% stake in the company. Shares short for KMX as of Mar 28, 2024 were 19.12M with a Short Ratio of 11.07, compared to 19.06M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.11% and a Short% of Float of 12.15%.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.73 and a low estimate of $0.36, while EPS last year was $0.44. The consensus estimate for the next quarter is $1.24, with high estimates of $1.36 and low estimates of $1.05.
Analysts are recommending an EPS of between $3.41 and $2.71 for the fiscal current year, implying an average EPS of $2.93. EPS for the following year is $3.54, with 15 analysts recommending between $4.1 and $2.34.
Revenue Estimates
In the current quarter, 14 analysts expect revenue to total $5.79B. It ranges from a high estimate of $6.21B to a low estimate of $5.49B. As of the current estimate, Carmax Inc’s year-ago sales were $5.72B, an estimated increase of 1.30% from the year-ago figure.
A total of 18 analysts have provided revenue estimates for KMX’s current fiscal year. The highest revenue estimate was $27.24B, while the lowest revenue estimate was $26.4B, resulting in an average revenue estimate of $26.77B. In the same quarter a year ago, actual revenue was $29.68B, down -9.80% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $27.23B in the next fiscal year. The high estimate is $29.94B and the low estimate is $24.86B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
