The stock price of Carmax Inc (NYSE: KMX) has plunged by -2.48 when compared to previous closing price of 85.94, but the company has seen a -2.30% decline in its stock price over the last five trading sessions. Barrons reported 2024-03-21 that Analysts expect continued industry disruption from online car retailers.
Is It Worth Investing in Carmax Inc (NYSE: KMX) Right Now?
The price-to-earnings ratio for Carmax Inc (NYSE: KMX) is above average at 26.72x, Company’s 36-month beta value is 1.60.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for KMX is 157.22M, and currently, short sellers hold a 11.68% ratio of that floaft. The average trading volume of KMX on April 03, 2024 was 1.70M shares.
KMX’s Market Performance
The stock of Carmax Inc (KMX) has seen a -2.30% decrease in the past week, with a 5.69% rise in the past month, and a 9.21% gain in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.31% for KMX. The simple moving average for the past 20 days is 1.10% for KMX’s stock, with a 11.22% simple moving average for the past 200 days.
Analysts’ Opinion of KMX
Many brokerage firms have already submitted their reports for KMX stocks, with Needham repeating the rating for KMX by listing it as a “Buy.” The predicted price for KMX in the upcoming period, according to Needham is $99 based on the research report published on March 20, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see KMX reach a price target of $80. The rating they have provided for KMX stocks is “Neutral” according to the report published on March 19th, 2024.
Wedbush gave a rating of “Outperform” to KMX, setting the target price at $90 in the report published on September 25th of the previous year.
KMX Trading at 9.11% from the 50-Day Moving Average
After a stumble in the market that brought KMX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.00% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.20% upper at present.
During the last 5 trading sessions, KMX fell by -2.30%, which changed the moving average for the period of 200-days by +5.16% in comparison to the 20-day moving average, which settled at $83.11. In addition, Carmax Inc saw 9.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KMX starting from Livesay Jill A, who sale 14,199 shares at the price of $70.89 back on Jan 29 ’24. After this action, Livesay Jill A now owns 9,068 shares of Carmax Inc, valued at $1,006,567 using the latest closing price.
Cafritz Diane L, the EVP, General Counsel & CCO of Carmax Inc, sale 22,000 shares at $70.08 during a trade that took place back on Jan 26 ’24, which means that Cafritz Diane L is holding 5,073 shares at $1,541,760 based on the most recent closing price.
Stock Fundamentals for KMX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.1 for the gross margin
The net margin for Carmax Inc stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 8.64, with 1.88 for asset returns.
Based on Carmax Inc (KMX), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 3.22. The interest coverage ratio of the stock is 1.24.
Currently, EBITDA for the company is 1.33 billion with net debt to EBITDA at 11.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 125.38for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.
Conclusion
In a nutshell, Carmax Inc (KMX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
