Carmax Inc (NYSE: KMX) – Not A Clear Buying Opportunity?

Carmax Inc (KMX) concluded trading on Thursday at a closing price of $80.63, with 3.32 million shares of worth about $267.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.97% during that period and on November 21, 2024 the price saw a gain of about 5.18%. Currently the company’s common shares owned by public are about 157.61M shares, out of which, 154.22M shares are available for trading.

Stock saw a price change of 3.09% in past 5 days and over the past one month there was a price change of 11.99%. Year-to-date (YTD), KMX shares are showing a performance of 5.07% which increased to 25.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.90 but also hit the highest price of $88.22 during that period. The average intraday trading volume for Carmax Inc shares is 1.76 million. The stock is currently trading 6.66% above its 20-day simple moving average (SMA20), while that difference is up 7.24% for SMA50 and it goes to 6.14% higher than SMA200.

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Carmax Inc (NYSE: KMX) currently have 157.61M outstanding shares and institutions hold larger chunk of about 107.86% of that.

The stock has a current market capitalization of $12.49B and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 30.44, while it has posted earnings per share of $2.65 in the same period. Its PEG reads 2.03 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 3.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KMX, volatility over the week remained 2.75% while standing at 2.33% over the month.

Stock’s fiscal year EPS is expected to drop by -2.23% while it is estimated to increase by 26.50% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -8.81% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on March 20, 2024 offering a Buy rating for the stock and assigned a target price of $99 to it. Coverage by Mizuho stated Carmax Inc (KMX) stock as a Neutral in their note to investors on March 19, 2024, suggesting a price target of $80 for the stock. Stock get a Hold rating from Truist on February 23, 2023.

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