How to Buy Carmax Stock
Carmax Inc
Carmax is a auto & truck dealership company located in Virginia, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker KMX on the NYSE exchange.
Carmax stock last closed at $69.22, down 1.49% from the previous day, and has increased 2.76% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.29 percentage points. Carmax stock is currently +16.02% from its 52-week low of $59.66, and -21.54% from its 52-week high of $88.22.
There are currently 157.39M KMX shares outstanding. The market cap of KMX is $10.89B. In the last 24 hours, 2.81M KMX shares were traded.
How to Buy Carmax Stock
Not sure how to invest in Carmax stock? Here's how.
- Decide where to buy Carmax stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Carmax stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your information.
- Research Carmax stock: The Carmax ticker symbol is KMX. Is Carmax stock a good investment? Should you buy shares of KMX? How do KMX's underlying business fundamentals look? Do top analysts think Carmax is a good buy? Why has KMX's stock price moved recently? (Hint: Our stock market analysis website can help you decide if KMX is a good stock to buy).
- Place your KMX trade: Decide if you will purchase KMX shares at the current market price or use a limit order to purchase KMX shares at a particular price.
- Track your KMX investment: Create a watchlist to the latest updates on your new investment in Carmax stock.
Step 1: Decide where to buy Carmax stock
You will need an online brokerage account to access the NYSE market and buy KMX shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you can invest in KMX stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you've created your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Watch the video below if you need help depositing money into your investment account.
Step 4: Research Carmax stock
After you have chosen the best place to buy Carmax stock, it's critical to analyze their stock before you invest, so you can understand the risk as well as the opportunity.
Overview of key KMX info
KMX Overview
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on KMX's stock page.
How is KMX stock valued?
You can use many financial metrics, analyses, models, and charts to gauge KMX's fair value.
Using relative valuations measures:
- KMX could be overvalued based on its P/E ratio of 22.84x, relative to Auto & Truck Dealerships industry P/E ratio of 12.02x
- KMX may be undervalued based on its P/B ratio of 1.79x, relative to Auto & Truck Dealerships industry P/B ratio of 2.35x
- KMX could be undervalued based on its PEG ratio of 0.36x
You can access additional valuation research on KMX's stock here.
Is KMX a healthy company?
Passed Health Checks:
- KMX has cash burn of 5339000. It has sufficient cash and short-term investments to cover this for at least one year.
- KMX profit margin has gone up from 1.6% to 1.8% in the past year.
- Total KMX debt is lower than 5 years ago, relative to shareholder equity.
- KMX has $1.08B in cash and short term investments. This is sufficient to cover its annual cash burn of $5.34M.
- There are more short-term assets than short-term liabilities on the KMX balance sheet.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the KMX balance sheet.
- KMX has a relatively high debt to equity ratio of 3.48.
Is KMX stock a Buy, Hold, or Sell, according to analysts?
Out of 10 Wall Street analysts who give recommendations on KMX, the consensus analyst rating on Carmax is a Hold
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent KMX Analyst Ratings
Chris Pierce, a bottom 1% analyst from Needham maintains KMX with a buy rating and lowers their KMX price target from $99.00 to $91.00, on Apr 12, 2024.
David Bellinger, a bottom 8% analyst from Mizuho maintains KMX with a hold rating and lowers their KMX price target from $80.00 to $75.00, on Apr 12, 2024.
Craig Kennison, a top 26% analyst from Baird maintains KMX with a buy rating and lowers their KMX price target from $88.00 to $84.00, on Apr 12, 2024.
Brian Nagel, a top 12% analyst from Oppenheimer reiterates KMX with a buy rating and maintains their KMX price target from $105.00 to $105.00, on Apr 9, 2024.
John Murphy, a bottom 3% analyst from Bank of America maintains KMX with a sell rating and raises their KMX price target from $44.00 to $50.00, on Feb 29, 2024.
You can dig deeper into what analysts are forecasting on the Carmax stock forecast page.
KMX Momentum
Is KMX Making Money?
Last year, KMX earnings were $479.20M. Over the last five year, KMX's earnings have grown by -8.9% per year. This was slower than the Auto & Truck Dealerships industry average of 12.96%.
Last year, KMX revenue was $26.54B. During the last 5 year, KMX's revenue has increased by 7.87% per year. This was slower than the Auto & Truck Dealerships industry average of 18.11%.
Dig into KMX's earnings and revenue performance here.
Latest Insiders Trades at KMX
In the past year, executives and large shareholders at KMX have sold more shares than they have bought.
Diane L. Cafritz, EVP General Counsel CCO of KMX, was the latest KMX insider to sell. They sold $1,067,702.68 worth of KMX shares on Apr 23, 2024.
Dig into more about who owns KMX stock here.
Does KMX stock generate passive income?
No, Carmax doesn't provide an income stream by paying out dividends.
What do other traders have to say about KMX?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your KMX trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you want additional help investing in stocks on eToro, watch the how to video below:
Step 6: Track your KMX investment
Now that you own some shares in KMX, you'll want to keep up with your investment.
Start a watchlist to get notified of the latest news about your KMX stock.
KMX Feed
How to Buy Stock in Carmax
To summarize, here are the 6 steps to buy Carmax stock:
- Decide where to buy Carmax stock
- Create a brokerage account
- Fund your investment account
- Research Carmax stock
- Place your KMX trade
- Track your KMX investment
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Carmax, click the button below.
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