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Carmax Inc (KMX) Stock Could Soon Reward Patient Investors

Carmax Inc (NYSE: KMX) is -9.04% lower on its value in year-to-date trading and has touched a low of $59.66 and a high of $88.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KMX stock was last observed hovering at around $69.46 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $69.80, the stock is -14.63% and -11.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing 0.49% at the moment leaves the stock -7.24% off its SMA200. KMX registered 0.49% gain for a year compared to 6-month gain of 2.30%.

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The stock witnessed a -13.55% loss in the last 1 month and extending the period to 3 months gives it a 0.26%, and is -16.30% 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 4.01% over the week and 2.74% over the month.

Carmax Inc (KMX) has around 29836 employees, a market worth around $11.02B and $26.54B in sales. Current P/E ratio is 23.12 and Fwd P/E is 17.94. Profit margin for the company is 1.81%. Distance from 52-week low is 17.00% and -20.88% from its 52-week high. The company has generated returns on investments over the last 12 months (1.95%).

The EPS is expected to grow by 5.94% this year.

Carmax Inc (KMX) Top Institutional Holders

The shares outstanding are 157.61M, and float is at 157.22M with Short Float at 12.16%.

Carmax Inc (KMX) Insider Activity

The most recent transaction is an insider sale by Livesay Jill A,the company’sVP, 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).

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