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CarMax, Inc.’s Stock Price Soars to $80.63, Marking a Robust 5.18% Uptick

By November 22, 2024 No Comments

CarMax, Inc. (KMX)

80.63 USD +3.97 (+5.18%) Volume: 3.32M

CarMax, Inc.’s stock price stands at 80.63 USD, witnessing a robust trading session with a rise of +5.18%, backed by a substantial trading volume of 3.32M. The stock’s year-to-date performance showcases a positive trend with a percentage change of +5.19%, marking it as a potential player in the investment arena.


Latest developments on CarMax, Inc.

Today, CarMax Inc. stock saw a decrease in performance compared to its competitors as Wall Street analysts set target prices for the company’s stock. Primecap Management Co. CA lowered its stake in CarMax, Inc. while Natixis Advisors LLC also decreased its position in the company. Meanwhile, Connor Clark & Lunn Investment Management Ltd. holds $38.78 million in CarMax, Inc. (NYSE:KMX) stock. These movements in stake holdings and analyst target prices may have contributed to the fluctuations in CarMax Inc.’s stock price today.


CarMax, Inc. on Smartkarma

Analysts at Baptista Research have recently published two insightful reports on Carmax Inc. The first report, titled “CarMax Inc.: Enhanced Digital & Omni-channel Capabilities & Other Major Drivers,” discusses the company’s second-quarter earnings for the fiscal year 2025. Despite a slight decline in total sales, CarMax managed to offset this with increased retail volume amidst tensions in the auto loan market affecting the industry. The second report, “CarMax Inc.: Operational Efficiencies In Reconditioning & Logistics Expanding The Bottom-Line? – Major Drivers,” evaluates the company’s fiscal 2025 first-quarter results. The analysis highlights both positive and negative aspects, such as a stabilization in vehicle values and a decrease in average vehicle selling prices.


A look at CarMax, Inc. Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CarMax Inc has a positive long-term outlook, with strong scores in value, growth, and momentum. With a high value score of 4, the company is seen as a good investment opportunity. However, its low dividend score of 1 may not attract income-seeking investors. Despite this, CarMax Inc’s growth score of 3 indicates potential for future expansion and profitability. The company’s resilience score of 2 suggests some vulnerability to market fluctuations, but its momentum score of 3 shows that it is still moving in a positive direction.

CarMax Inc, a company that sells retail used cars and light trucks, has received a mix of scores in various factors that determine its overall outlook. With a strong focus on value and growth, the company shows promise for investors looking for long-term potential. However, its low dividend score may deter some income-focused investors. While its resilience score indicates some susceptibility to market changes, its momentum score suggests that it is still on a positive trajectory for future success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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