CarMax Inc (KMX)
NYSE:KMX
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KMX Stock Chart & Stats
$40.88
$1.89(2.39%)
At close: 4:00 PM EST
$40.88
$1.89(2.39%)
Day’s Range― - ―
52-Week Range$30.26 - $71.99
Previous CloseN/A
Volume802.64K
Average Volume (3M)3.46M
Market Cap
$7.61B
Enterprise Value$24.77B
Total Cash (Recent Filing)$132.22M
Total Debt (Recent Filing)$18.64B
Price to Earnings (P/E)34.2
Beta0.75
Next Earnings
Sep 29, 2026EPS Estimate
0.69Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.61
Shares Outstanding141,820,710
10 Day Avg. Volume4,408,958
30 Day Avg. Volume3,462,881
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.08
Price to Sales (P/S)0.25
P/FCF Ratio5.11
Enterprise Value/Market Cap3.25
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit8.95
Enterprise Value/Ebitda18.85
Forecast
1Y Price Target
$45.09Price Target Upside10.30% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)2.35
Revenue Forecast (FY)$25.99B
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationConsistently positive trailing‑twelve‑month operating cash flow (~$1.5B) and FCF (~$1.0B) provide durable financial flexibility. Strong cash conversion supports reinvestment in digital/logistics, funding of CAF growth, debt paydown and self‑funding pricing competitiveness over the next 2–6 months.
Deleveraging And Improved Capital StructureA materially lower debt-to-equity (~0.47x versus much higher prior levels) reduces covenant and liquidity stress, increasing strategic optionality. Improved leverage strengthens the balance sheet to support operational investments and a more disciplined capital allocation path over the medium term.
CarMax Auto Finance (CAF) Expansion And NIM ImprovementRising CAF penetration (43.3%) and NIM expansion (6.7%) create a growing, higher‑margin, recurring income stream that complements low retail vehicle margins. Deeper finance penetration enhances customer lock‑in, lifetime value and provides structural margin diversification versus pure vehicle gross profit.
Bears Say
Thin Profitability And Compressed ReturnsPersistently low net margins (~1%) and compressed ROE (~4%) leave limited buffer for cost or pricing shocks. The used‑vehicle retail model's structural margin thinness forces dependence on volumes, finance and ancillary products to drive returns, increasing sensitivity to cyclicality over coming quarters.
Operational Execution Risk: Digital Friction And Recon RampDigital/in‑store integration issues and early‑stage reconditioning centers constrain conversion and the anticipated cost savings. Until these initiatives scale, expected efficiency gains and gross‑profit recovery may lag, prolonging margin pressure and elevating execution risk over the next several quarters.
Deliberate Margin Concessions To Regain ShareManagement's margin‑for‑volume strategy (GPU concessions) reduced profit per unit and overall gross profit. If operational and EPP improvements take longer to materialize, sustained concessions will erode cash generation and returns, forcing deeper efficiency gains to restore long‑term profitability.
CarMax News
KMX FAQ
What was CarMax Inc’s price range in the past 12 months?
CarMax Inc lowest stock price was $30.26 and its highest was $71.99 in the past 12 months.
What is CarMax Inc’s market cap?
CarMax Inc’s market cap is $7.61B.
When is CarMax Inc’s upcoming earnings report date?
CarMax Inc’s upcoming earnings report date is Sep 29, 2026 which is in 100 days.
How were CarMax Inc’s earnings last quarter?
CarMax Inc released its earnings results on Jun 17, 2026. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.965 by $0.345.
Is CarMax Inc overvalued?
According to Wall Street analysts CarMax Inc’s price is currently Undervalued.
Does CarMax Inc pay dividends?
CarMax Inc does not currently pay dividends.
What is CarMax Inc’s EPS estimate?
CarMax Inc’s EPS estimate is 0.69.
How many shares outstanding does CarMax Inc have?
CarMax Inc has 141,820,710 shares outstanding.
What happened to CarMax Inc’s price movement after its last earnings report?
CarMax Inc reported an EPS of $1.31 in its last earnings report, beating expectations of $0.965. Following the earnings report the stock price went down -8.981%.
Which hedge fund is a major shareholder of CarMax Inc?
Currently, no hedge funds are holding shares in KMX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
CarMax Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$45.09 (10.30% Upside)
$45.09 (10.30% Upside)
Blogger Sentiment
Bullish
KMX Sentiment 67%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 4.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days >0.1%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Bullish
Bullish news 65%
Bearish news 35%
Bearish news 35%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-16.58%
12-Months-Change
Fundamentals
Return on Equity
3.67%
Trailing 12-Months
Asset Growth
-2.77%
Trailing 12-Months
Company Description
CarMax Inc
CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and luxury models, in addition to hybrid and electric options. Customers also have the opportunity to purchase extended protection plans at the time of their vehicle acquisition. Separately, CarMax sells older, higher-mileage vehicles—typically around ten years old with over 100,000 miles—via wholesale auctions. Furthermore, CarMax delivers reconditioning and repair services for its vehicles. For its retail clients, the company facilitates a range of financing alternatives designed to accommodate diverse credit profiles, managed both by its internal CarMax Auto Finance segment and through arrangements with various external financial institutions. As of February 28, 2022, CarMax operated a network comprising approximately 230 retail locations specializing in used cars. Founded in 1993, CarMax, Inc. maintains its corporate headquarters in Richmond, Virginia.
KMX Company Deck
KMX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presents a balanced picture: the company delivered revenue and unit growth, improved several operating trends (CAF penetration, NIM, SG&A per unit leverage), and laid out a clear four-pillar strategy with measurable targets (EPP incremental margin, $200M exit-rate savings). However, meaningful margin headwinds remain — total gross profit and used retail margins declined, EPS dipped, and reconditioning/operational improvements are still ramping. Management emphasized they are taking deliberate margin concessions to regain share while investing in efficiency to self-fund pricing competitiveness. Progress is evident, but key profit and operational initiatives must continue to mature.View all KMX earnings summariesKMX Revenue Breakdown
79.99% Used vehicle sales
17.40% Wholesale vehicle sales
2.61% Other
KMX Stock 12 Month Forecast
Average Price Target
$45.09
▲(10.30% Upside)
Technical Analysis
Ownership Overview
0.38% Insiders
24.45% Mutual Funds
31.17% Other Institutional Investors
18.46% Public Companies and
Individual Investors