CarMax Inc. (KMX) Stock Report
Publication Date: September 22, 2024
Company Overview
CarMax Inc. (KMX), headquartered in Richmond, Virginia, is a leading player in the Auto & Truck Dealerships industry within the Consumer Cyclical sector. Established in 1993 and publicly traded since 2010, CarMax specializes in the retail of used vehicles, including luxury and electric options, while also offering related products and financing through its CarMax Auto Finance segment. With total revenues around $27.69 billion, the company has established a strong market presence, benefiting from the growing demand for used vehicles and innovative automotive retail solutions.
Investment Analysis
The current stock price of CarMax is $76.10, which suggests potential for growth, particularly with a target high price projected at $105.00. Analysts have a bullish outlook, with a mean target price of $77.80 and a median target of $78.50, indicating a consensus recommendation of “buy.” The presence of 12.27% short interest in the float signals that some investors are skeptical about CarMax’s future performance. However, the overall analyst sentiment remains positive, suggesting the stock presents a solid investment opportunity amidst the competitive landscape of the automotive market.
Stock Performance Metrics
CarMax’s financial metrics reflect a blend of optimism and caution. The current stock price stands below its fifty-day moving average of $80.19, indicating a potential bearish trend. Notably, the stock has faced fluctuations, with a fifty-two week high of $88.22 and a low of $59.66. These historical performance metrics highlight CarMax’s sensitivity to market conditions, yet the positive growth indicators emphasize its potential bounce-back opportunities. Investors should keep a close eye on the stock, particularly as it navigates through evolving financial dynamics and investor sentiment.
| Metric | Value |
|---|---|
| Market Cap | $11.9b |
| Total Debt | $19.5b |
| Total Cash | $218.9m |
| Shares Outstanding | 156.1m |
| Float Shares | 310.6m |
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