Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Carmax Inc before investing.

In this article, we go over a few key elements for understanding Carmax Inc’s stock price such as:

• Carmax Inc’s current stock price and volume
• Why Carmax Inc’s stock price changed recently
• Upgrades and downgrades for KMX from analysts
• KMX’s stock price momentum as measured by its relative strength

About Carmax Inc (KMX)

Before we jump into Carmax Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. Its CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. The CAF segment consists solely of its own finance operation that provides financing to customers buying retail vehicles from the Company. The CAF segment also services all auto loans it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.

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Carmax Inc’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Carmax Inc’s stock price was $78.21.

Carmax Inc is up 4.99% from its previous closing price of $74.49.

During the last market session, Carmax Inc’s stock traded between $74.36 and $76.42. Currently, there are 157.16 million shares of Carmax Inc stock available for purchase.

Carmax Inc’s price-earnings (P/E) ratio is currently at 29.3, which is high compared to the Retailers - Auto Vehicles, Parts & Service industry median of 13.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Carmax Inc Stock Price History

Carmax Inc’s (KMX) price is currently down 7.5% so far this month.

During the month of September, Carmax Inc’s stock price has reached a high of $84.22 and a low of $72.73.

Over the last year, Carmax Inc has hit prices as high as $88.22 and as low as $59.66. Year to date, Carmax Inc’s stock is up 28.44%.

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What Caused Carmax Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there was 1 analyst who downgraded Carmax Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Carmax Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Carmax Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Carmax Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Carmax Inc (KMX) by visiting AAII Stock Evaluator.

Relative Price Strength of Carmax Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Carmax Inc has a weighted four-quarter relative price strength of -6.70%, which translates to a Momentum Score of 39 and is considered to be Weak.

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Carmax Inc Stock Price: Bottom Line

As of September 26, 2024, Carmax Inc’s stock price is $78.21, which is up 4.99% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Carmax Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.