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CarMax, Inc (KMX) is a leading auto & truck dealerships business with stocks listed in the US. It opened the day at US$116.11 after a previous close of US$116.09. During the day the price has varied from a low of USD115.4 to a high of USD117.8186. The latest price was USD117.45 (25 minute delay). CarMax is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in CarMax
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for CarMax. Find the share by name or ticker symbol: KMX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until CarMax reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$114.05, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of CarMax, depending on your broker.
- Check in on your investment. Congratulations, you own a part of CarMax. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- CarMax key stats
- Compare share trading platforms
- Is CarMax stock a buy or sell?
- CarMax performance over time
- Can I short CarMax shares?
- Is CarMax suitable for ethical investing?
- Are CarMax shares over-valued?
- CarMax's financials
- How volatile are CarMax shares?
- Does CarMax pay a dividend?
- Have CarMax shares ever split?
- Other common questions
CarMax share priceUse our graph to track the performance of KMX stocks over time.
CarMax shares at a glance
|52-week range||US$84.7 - US$138.66|
|50-day moving average||US$121.3111|
|200-day moving average||US$118.1443|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$4.509|
Compare share trading platforms to buy stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy CarMax stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
CarMax price performance over time
|1 week (2021-06-16)||-0.02%|
|1 month (2021-05-21)||0.66%|
|3 months (2021-03-23)||-10.36%|
|6 months (2020-12-23)||26.05%|
|1 year (2020-06-23)||27.37%|
|2 years (2019-06-21)||37.14%|
|3 years (2018-06-22)||46.46%|
|5 years (2016-06-23)||150.00%|
Is CarMax under- or over-valued?
Valuing CarMax stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CarMax's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
CarMax's P/E ratio
CarMax's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, CarMax shares trade at around 27x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
CarMax's PEG ratio
CarMax's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1906. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CarMax's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
CarMax's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$1.3 billion.
The EBITDA is a measure of a CarMax's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$20.1 billion|
|Operating margin TTM||5.19%|
|Gross profit TTM||US$2.9 billion|
|Return on assets TTM||3.06%|
|Return on equity TTM||1836.65%|
|Market capitalisation||US$19.4 billion|
TTM: trailing 12 months
Shorting CarMax shares
There are currently 4.2 million CarMax shares held short by investors – that's known as CarMax's "short interest". This figure is 12.6% up from 3.8 million last month.
There are a few different ways that this level of interest in shorting CarMax shares can be evaluated.
CarMax's "short interest ratio" (SIR)
CarMax's "short interest ratio" (SIR) is the quantity of CarMax shares currently shorted divided by the average quantity of CarMax shares traded daily (recently around 1.2 million). CarMax's SIR currently stands at 3.64. In other words for every 100,000 CarMax shares traded daily on the market, roughly 3640 shares are currently held short.
However CarMax's short interest can also be evaluated against the total number of CarMax shares, or, against the total number of tradable CarMax shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CarMax's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 CarMax shares in existence, roughly 30 shares are currently held short) or 0.0261% of the tradable shares (for every 100,000 tradable CarMax shares, roughly 26 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against CarMax.
Find out more about how you can short CarMax stock.
CarMax's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like CarMax.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
CarMax's total ESG risk score
Total ESG risk: 16.52
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and CarMax's overall score of 16.52 (as at 12/31/2018) is excellent – landing it in it in the 8th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like CarMax is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
CarMax's environmental score
Environmental score: 3.12/100
CarMax's environmental score of 3.12 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that CarMax is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
CarMax's social score
Social score: 8.4/100
CarMax's social score of 8.4 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that CarMax is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
CarMax's governance score
Governance score: 3.99/100
CarMax's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that CarMax is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
CarMax's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. CarMax scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that CarMax has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||16.52|
|Total ESG percentile||7.98|
|Environmental score percentile||4|
|Social score percentile||4|
|Governance score percentile||4|
|Level of controversy||2|
CarMax share dividends
We're not expecting CarMax to pay a dividend over the next 12 months.
Have CarMax's shares ever split?
CarMax's shares were split on a 2:1 basis on 26 March 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your CarMax shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for CarMax shares which in turn could have impacted CarMax's share price.
CarMax share price volatility
Over the last 12 months, CarMax's shares have ranged in value from as little as US$84.7 up to US$138.66. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CarMax's is 1.6538. This would suggest that CarMax's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
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