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

Carmax Inc (KMX) concluded trading on Thursday at a closing price of $84.23, with 5.33 million shares of worth about $448.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.59% during that period and on December 19, 2024 the price saw a gain of about 3.45%. Currently the company’s common shares owned by public are about 155.33M shares, out of which, 154.22M shares are available for trading.

Stock saw a price change of -2.94% in past 5 days and over the past one month there was a price change of 11.86%. Year-to-date (YTD), KMX shares are showing a performance of 9.76% which increased to 9.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.83 but also hit the highest price of $88.22 during that period. The average intraday trading volume for Carmax Inc shares is 2.00 million. The stock is currently trading -0.37% below its 20-day simple moving average (SMA20), while that difference is up 7.31% for SMA50 and it goes to 9.58% higher than SMA200.

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Carmax Inc (NYSE: KMX) currently have 155.33M outstanding shares and institutions hold larger chunk of about 107.90% of that.

The stock has a current market capitalization of $13.05B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 31.79, while it has posted earnings per share of $2.65 in the same period. Its PEG reads 2.12 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 4.27% while standing at 2.80% over the month.

Stock’s fiscal year EPS is expected to drop by -0.90% while it is estimated to increase by 26.15% 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 Stephens on December 05, 2024 offering an Equal-weight rating for the stock and assigned a target price of $86 to it. Coverage by Needham stated Carmax Inc (KMX) stock as a Buy in their note to investors on March 20, 2024, suggesting a price target of $99 for the stock. On March 19, 2024, Mizuho Initiated their recommendations, while on September 25, 2023, Wedbush Upgrade their ratings for the stock with a price target of $90. Stock get a Neutral rating from Northcoast on June 12, 2023.

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