KMX - CarMax, Inc.
| Previous Close | 97.35 |
| Open | 96.97 |
| Bid | 98.02 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 96.45 - 98.19 |
| 52 Week Range | 57.98 - 100.49 |
| Volume | 659,290 |
| Avg. Volume | 1,234,408 |
| Market Cap | 16.03B |
| Beta (5Y Monthly) | 1.13 |
| PE Ratio (TTM) | 19.04 |
| EPS (TTM) | 5.15 |
| Earnings Date | Apr 01, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 107.17 |
- Zacks
Why Is CarMax (KMX) Down 3.2% Since Last Earnings Report?
CarMax (KMX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Yahoo Finance
Changes to the Argus Focus List
Argus has made four additions to its Focus List this month, and a like number of subtractions. The 30 stock list features timely analyst recommendations.
- Zacks
Is CarMax (KMX) a Potential Stock for Value Investors?
Let's see if CarMax (KMX) stock is a good choice for value-oriented investors right now from multiple angles.
- Thomson Reuters StreetEvents
Edited Transcript of KMX earnings conference call or presentation 20-Dec-19 2:00pm GMT
Q3 2020 Carmax Inc Earnings Call
- Simply Wall St.
A Look At The Fair Value Of CarMax, Inc. (NYSE:KMX)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of CarMax, Inc...
- TipRanks
These 3 “Strong Buy” Stocks Could Be Due for a Big Year, Says Stephens
Investors typically have a single New Year’s resolution in mind: to make more money. While the goal is decidedly easy, attaining it is a lot more difficult.So, what’s the best way to build a return-producing portfolio? There are different strategies, for sure, but one way is to follow the guidance of the experts.Every January for the last 15 years, investment firm Stephens starts the year with a Best Ideas list. The firm’s analysts choose stocks in each sector with the best fundamental investment characteristics, ones which they believe are poised to outperform the market in the following 12 months.Looking into Stephens' "top picks" list for 2020, we’ve chosen three stocks that TipRanks, a company that tracks and measures the performance of analysts, reveals as "strong buys" and offer healthy upside potential.Aaron's Inc. (AAN)Let’s start with a look at Stephens’ specialty finance pick, rent-to-own retailer Aaron’s.Aaron’s lets you lease household goods and furniture through monthly payments, following which, the buyer gets to own the leased goods. The model lets the underserved and credit challenged customers buy goods they otherwise couldn’t afford.While its legacy brick and mortar stores have been the company’s main revenue driver in the past, Aaron’s Progressive Leasing arm, which provides lease-to-own financing to traditional retailers, has become a key revenue driver since Aaron’s bought Progressive in 2014.Outlining increasing competition and the decline of Aaron's store-based revenues as possible risks, Stephens’ analyst Vincent Caintic is “okay with this decline, so long as the decline does not accelerate and Progressive maintains its growth trajectory.” Caintic added, “In contrast with slowing consumer demand for financing (as we’ve seen with credit cards and auto lending), virtual rent-to-own should do well in 2020, primarily because the industry is still in its nascent growth stage. Customers who have not had point-of-sale financing opportunities in the past will now increasingly have the option due to the Aaron’s offering.”Caintic reiterated an Overweight rating on Aaron’s stock alongside a price target of $80, indicating upside potential of 40%. (To watch Caintic’s track record, click here)All in all, Wall Street’s confidence on the rental stock speaks for itself; AAN has received a whopping 6 "buy" ratings in the last three months. Meanwhile, the $84.33 consensus price target suggests a potential upside of 46% from the current share price. (See Aaron’s stock analysis on TipRanks)Staar Surgical Company (STAA)Stephens’ best idea for the medical device and hospital supply sector is implantable lenses developer, Staar Surgical.The first quarter of 2020 should see Staar begin an FDA clinical trial for the company’s Visian EVO family of lenses. The implantable collamer lenses are designed to treat myopia and myopia with astigmatism. Staar is also poised to receive a CE Mark for its EDOF lens for the treatment of emerging presbyopia, which should prove a further catalyst for expanding the company’s addressable market.Stephens’ Chris Cooley thinks Staar is "poised to continue to realize accelerating organic revenue growth coupled with margin expansion and GAAP profitability.”According to Cooley, Staar’s revenue growth will be driven by the “high-margined Visian EVO offering.” The 5-star analyst expects gross margin to increase from 75% in CY19E to over 80% by CYE22. This will result in cash and cash equivalents increasing from $5 million to more than $25 million by CYE22.Cooley added, “STAA's uniquely positioned device portfolio possesses significant strategic value within a sector whose larger cap bellwethers are increasingly searching for opportunities to drive not only accelerating growth but also long-term margin expansion.”Accordingly, the 5-star analyst reiterated an Overweight rating on Staar shares, with a price target of $56, which implies over 60% upside from current levels. (To watch Cooley’s track record, click here)The Street is on the same page as Cooley. A Strong Buy consensus rating is formed from a unanimous 5 "buy" ratings. With an average price target of $49, the analysts believe the lenses developer can add 43% to its share price in the coming months. (See Staar stock analysis on TipRanks)CarMax Inc (KMX)Revving up, we move onto the largest used car retailer in the US, CarMax. The Richmond, Virginia based company had an excellent 2019 and according to Stephens’ Rick Nelson, the bullish trend is set to continue in 2020.What excites Nelson the most about KMX’s potential is its increasing focus on an omni-channel experience. “A sophisticated website platform featuring vast inventory selection, detailed vehicle specs, professional and consistent pictures, online financing options and transactional capabilities shifts sales dependency away from associates and towards leverage-able technology investments,” Nelson said. 50% of the platform’s roll-out is expected to be completed by February. SSS (same store sales) in Atlanta, the company’s most advanced omni-channel market, have increased at a double-digit rate since the launch.The affordability of used cars is set to be a further catalyst for growth, too. As the spread in pricing between new and used vehicles increases, KMX is poised to take advantage; 78% of KMX’s inventory consists of nearly new cars, which provide most of the new technology features without the new vehicle price tag.Nelson concluded, “We believe KMX's ongoing roll out of omni-channel capabilities is a game changer, allowing the Company to capitalize on its trusted brand, close proximity to customers, vast inventory selection and logistical expertise… We expect KMX to be the primary beneficiary of shifting consumer purchasing preferences that favor an omni-channel experience.”Therefore, the 4-star analyst left his Overweight rating and $115 price target as is, suggesting upside potential of 32%. (To watch Nelson’s track record, click here)Overall, this 'Strong Buy' stock is no Wall Street secret. After all, in just three months, the stock has attracted 7 "buy" ratings versus 2 "holds." With a return potential of 23%, the stock's consensus price target stands at $106.88. In other words, optimism backs this used-car retailing story. (See CarMax stock analysis on TipRanks)
- Zacks
U.S. Used-Vehicle Market Red Hot: Stocks to Watch Out For
While highly-priced new vehicles amid mounting R&D costs could deter debt-weary millennials to make big ticket purchases, the demand for used vehicles is likely to remain robust.
- Zacks
Can CarMax's (KMX) Impressive Momentum Continue in 2020?
CarMax's (KMX) solid momentum is being aided by its store-expansion efforts and focus on used-car market.
- MarketWatch
Markets in 2019: record stocks, lower interest rates, so-so IPOs
Through it all, the U.S. economy and consumers’ appetite for spending remained resilient, supporting the market’s record-shattering, year-end rally.
- Zacks
Auto Stock Roundup: TSLA Taps $1.4B Loan for Giga 3, F Recalls & More
While Tesla (TSLA) lands $1.4 billion loan to build its Shanghai Gigafactory, Ford (F) recalls more than 600,000 vehicles over a hydraulic defect.
- Insider Monkey
Hedge Fund Darlings vs. CarMax Inc (KMX) In 2019
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]
- Investor's Business Daily
CarMax Earnings Unexpectedly Fall, But Same-Store Sales Strong
CarMax earnings unexpectedly fell in Q3 due to higher stock compensation costs. Same-store sales were strong. But shares, near a buy point, sold off.
- GuruFocus.com
CarMax's 3rd-Quarter Earnings Lagged Estimates Despite Revenue Increase
Used and wholesale vehicle sales soared during the quarter Continue reading...
- Zacks
CarMax's (KMX) Q3 Earnings Miss, Revenues Top Estimates
CarMax (KMX) posts weaker-than-expected earnings in the third quarter amid lower-than-anticipated revenues from the wholesale vehicle segment.
- TheStreet.com
CarMax Falls Below Key Moving Averages on Earnings Miss
CarMax gapped below its 50-day simple moving average at $96.00 and its five-week modified moving average at $94.97 which are two key technical warnings.
- Benzinga
CarMax Trades Down On Q3 Earnings Miss
CarMax (NYSE: KMX ) reported third-quarter earnings of $1.04 per share Friday, missing the analyst consensus estimate of $1.15 . The company reported quarterly sales of $4.79 billion, beating the analyst ...
- Zacks
CarMax (KMX) Q3 Earnings Lag Estimates
CarMax (KMX) delivered earnings and revenue surprises of -10.34% and 1.73%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
CarMax's stock ticks up after profit misses, but net and same-store sales beat expectations
Shares of CarMax Inc. edged up 0.1% in premarket trading Friday, after the used vehicle retailer missed fiscal third-quarter profit expectations, but beat sales forecasts. Net income for the quarter to Nov. 30 fell to $173.2 million, or $1.04 a share, from $190.3 million, or $1.09 a share, in the same period a year ago. The FactSet consensus for net EPS was $1.14. Sales rose 11.5% to $4.79 billion, above the FactSet consensus of $4.68 billion. Used vehicle sales increased 13.6% to $4.03 billion, to beat the FactSet consensus of $3.97 billion, but wholesale vehicle sales grew 1.2% to miss expectations of $625.5 million. Same-store sales rose 7.5%, beating the FactSet consensus of 6.2% growth. Average selling prices increased 2.2% to $20,710. The stock has rallied 16.7% over the past three months through Thursday, while the S&P 500 has gained 7.1%.
- TheStreet.com
CarMax Skids on Third-Quarter Earnings Miss
CarMax is falling after the used vehicle retailer beat Wall Street's sales forecasts but missed earnings expectations.
- Zacks
CarMax Q3 Earnings Preview: Will the Report Drive KMX Stock?
CarMax (KMX) will report its third quarter earnings before the market opens on Friday, December 20.
- Benzinga
Q3 Earnings Outlook For CarMax
CarMax (NYSE: KMX ) announces its next round of earnings this Friday, December 20. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Wall Street expects ...
- Zacks
Auto Stock Roundup: TSLA Hits Record High, GM and F Bump Up Investments & More
While Tesla's (TSLA) remarkable rally catches attention, General Motors (GM) and Ford (F) decide to make investments of $1.5 billion and $1.45 billion, respectively.
- Zacks
Factors Setting the Tone for Carnival's (CCL) Q4 Earnings
Solid Onboard and Other revenues might reflect on Carnival's (CCL) top line in fourth-quarter fiscal 2019.
- Zacks
BlackBerry (BB) to Report Q3 Earnings: What's in the Cards?
BlackBerry's (BB) fiscal third-quarter performance is likely to have been impaired by weak demand for its software from companies and government agencies amid increasing competition.
