Carmax Inc (NYSE: KMX) is 8.26% higher on its value in year-to-date trading and has touched a low of $55.76 and a high of $87.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KMX stock was last observed hovering at around $80.85 in the last trading session, with the day’s gains setting it 2.23%.
Currently trading at $83.08, the stock is 5.57% and 11.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 2.76% at the moment leaves the stock 10.69% off its SMA200. KMX registered 46.37% gain for a year compared to 6-month loss of 1.27%. The firm has a 50-day simple moving average (SMA 50) of $1.20 and a 200-day simple moving average (SMA200) of $19.85.
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The stock witnessed a 17.58% gain in the last 1 month and extending the period to 3 months gives it a 10.20%, and is -0.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 2.57% over the month.
Carmax Inc (KMX) has around 30621 employees, a market worth around $13.12B and $26.63B in sales. Current P/E ratio is 26.49 and Fwd P/E is 23.38. Profit margin for the company is 1.87%. Distance from 52-week low is 48.98% and -5.05% from its 52-week high. The company has generated returns on investments over the last 12 months (2.00%).
Carmax Inc quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $5.81B over the same period., but quarterly earnings will post -9.80% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
965 institutions hold shares in Carmax Inc (KMX), with institutional investors hold 109.54% of the company’s shares. The shares outstanding are 158.08M, and float is at 157.22M with Short Float at 12.12%. Institutions hold 109.19% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.08 million shares valued at $1.5 billion. The investor’s holdings represent 11.45% of the KMX Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 10.85 million shares valued at $901.73 million to account for 6.87% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 9.73 million shares representing 6.16% and valued at over $808.25 million, while Diamond Hill Capital Management Inc holds 4.24% of the shares totaling 6.7 million with a market value of $556.6 million.
Carmax Inc (KMX) Insider Activity
The most recent transaction is an insider sale by Livesay Jill A, the company’s VP, Controller & PAO. SEC filings show that Livesay Jill A sold 14,199 shares of the company’s common stock on Jan 29 ’24 at a price of $70.89 per share for a total of $1.01 million. Following the sale, the insider now owns 9068.0 shares.
Carmax Inc disclosed in a document filed with the SEC on Jan 26 ’24 that Cafritz Diane L (EVP, General Counsel & CCO) sold a total of 22,000 shares of the company’s common stock. The trade occurred on Jan 26 ’24 and was made at $70.08 per share for $1.54 million. Following the transaction, the insider now directly holds 5073.0 shares of the KMX stock.
Still, SEC filings show that on Jan 23 ’24, Cafritz Diane L (EVP, General Counsel & CCO) disposed off 2,730 shares at an average price of $70.54 for $0.19 million. The insider now directly holds 5,073 shares of Carmax Inc (KMX).
