Stock Price & Analysis

Based on the recent data and analyst updates, here's a concise analysis of KMX's current situation:

Technical Analysis

The stock is currently trading at $85.45, showing positive momentum with RSI at 56.74, indicating a neutral-to-bullish sentiment. The stock is trading above its 20-day moving average of $82.88, suggesting short-term upward momentum.

Recent Analyst Updates Recent analyst actions have been notably positive:

• Evercore ISI upgraded KMX to Outperform with a $110 price target (up from $90)
• Needham maintained Strong Buy rating with increased price target to $101 (up from $98)
• RBC Capital maintains Buy rating with $103 target

Key Drivers

• Improving used car market conditions with favorable industry backdrop
• Widening gap between used versus new car transaction prices
• Strong Q3 performance with 5.4% year-over-year rise in retail used vehicle sales
• Stable vehicle valuations supporting improved margins

Fibonacci Levels Current key levels:

• Resistance: R1 at $87.99, R2 at $89.38
• Support: S1 at $83.48, S2 at $82.09
• Pivot point: $85.74

Based on the technical and fundamental analysis, KMX appears to be in a favorable position for buying. The stock is showing positive momentum, has strong analyst support, and benefits from improving industry conditions. The current price of $85.45 sits just below the first resistance level, suggesting potential upside movement.

Based on the provided data and recent analyst reports, here is the price prediction for KMX stock in 2025:

CarMax (KMX) stock is expected to reach $110 by end of 2025, representing a potential upside of 28.7% from current price of $85.45. This target is supported by Evercore ISI's recent upgrade to Outperform with a $110 price target, driven by improving used car market conditions and the company's strengthening market share trends. The widening price gap between new and used vehicles creates a favorable backdrop for CarMax's business model.

The positive outlook is further reinforced by Needham's bullish stance with a $101 price target, citing continued momentum in used auto market unit gains and improved auto loan performance heading into FY2025.

The S1 support level for KMX Stock is $83.48 ,The R1 resistant level for KMX Stock is $87.99.

As of the end of day on 2025-02-11, the price of KMX Stock was $84.78.

The target price for KMX Stock according to analyst rating is 87.80, with the highest price target at 110.00 and the lowest at 58.00. Analysts have a Moderate Buy rating on KMX Stock overall.

The market cap of KMX is $13.1B.

Based on the provided data and recent analyst updates, here's a concise analysis of KMX's valuation:

KMX is currently trading at $85.45, showing mixed valuation signals. The stock's P/E ratio has increased from 26.16 to 28.53 over recent quarters, suggesting slightly elevated valuation levels compared to historical trends. However, several factors indicate the stock may not be overvalued:

Recent analyst upgrades support this view - Evercore ISI upgraded KMX to Outperform with a $110 price target, representing nearly 29% upside potential. Needham also raised their price target to $101, citing improved used auto market dynamics and CarMax's unit gains.

The company demonstrated strong operational performance in Q3, with retail used vehicle sales increasing 5.4% year-over-year. This growth trajectory, combined with stable vehicle valuations and improved Auto Finance income, suggests the current valuation multiple may be justified.

While trading above some analysts' average price target of $84.57, the stock remains approximately 10% below its 52-week high of $91.25, indicating potential room for upward movement based on improving industry fundamentals and company-specific execution.

CarMax, Inc. is a retailer of used vehicles. The Company’s segments include CarMax Sales Operations and CarMax Auto Finance (CAF). Its CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. Its CAF segment consists of its own finance operation that provides financing to customers buying retail vehicles from CarMax. The 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. Its omni-channel platform provides multiple ways for its customers to interact. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services. EPP products include extended service plans and guaranteed asset protection that covers the unpaid balance on an auto loan in the event of a total loss of the vehicle or unrecovered theft.

Based on the provided data and recent analyst coverage, here's a comprehensive price prediction for KMX stock by 2030:

CarMax (KMX) stock is projected to reach $135-145 by 2030, representing a 58-70% upside from current levels. This forecast is supported by Evercore ISI's recent upgrade and $110 price target, along with improving industry dynamics including a widening used versus new car transaction price gap and sustained mid-single digit retail used unit comp trends.

The company's dominant position as the largest used car retailer in the U.S., combined with its successful omnichannel strategy and improving auto loan performance, suggests strong fundamental growth potential over the next 5 years. Recent analyst actions and improving market conditions, including fixed cost absorption and share gains, indicate a positive long-term trajectory.

KMX has a total of 30621 employees.