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CarMax Underperformance and Challenges Warrant a Sell Rating: Analyst Gupta’s Outlook
Historical Prices for CarMax
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:0%0
CarMax Analyst Data
Total Analysts: 66
Buy Ratings: 37 Neutral Ratings: 20 Sell Ratings: 9
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 44.00 Median: 79.11 Highest: 124.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
CarMax Analyst Opinions
- All
- Buy
- Hold
- Sell
| Date | Analyst | Rating | Price | |||
|---|---|---|---|---|---|---|
| 06/24/24 | RBC Capital Markets | Maintained Buy | $75 | gut | ||
| 06/24/24 | Oppenheimer & Co. Inc. | Maintained Buy | $105 | gut | ||
| 06/24/24 | Needham & Company, LLC | Maintained Buy | $87 | gut | ||
| 06/21/24 | Morgan Stanley | Maintained Buy | $80 | gut | ||
| 06/20/24 | Evercore | Maintained Hold | $68 | neutral | ||
| 06/18/24 | Mizuho | Maintained Hold | $72 | neutral | ||
| 06/18/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 06/06/24 | Evercore | Maintained Hold | $68 | neutral | ||
| 05/16/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 04/16/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 04/15/24 | J.P. Morgan | Maintained Sell | $55 | schlecht | ||
| 04/12/24 | Evercore | Maintained Hold | $74 | neutral | ||
| 04/12/24 | RBC Capital Markets | Maintained Buy | $73 | gut | ||
| 04/12/24 | Needham & Company, LLC | Maintained Buy | $91 | gut | ||
| 04/12/24 | Mizuho | Maintained Hold | $75 | neutral | ||
| 04/12/24 | Baird Patrick & Co | Maintained Buy | $84 | gut | ||
| 04/09/24 | Oppenheimer & Co. Inc. | Maintained Buy | $105 | gut | ||
| 04/08/24 | RBC Capital Markets | Maintained Buy | $83 | gut | ||
| 04/02/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $100 | gut | ||
| 03/26/24 | Evercore | Maintained Hold | $85 | neutral | ||
| 03/20/24 | Needham & Company, LLC | Upgraded to Buy | $99 | gut | ||
| 03/19/24 | Mizuho | Maintained Hold | $80 | neutral | ||
| 02/29/24 | Bank of America Merrill Lynch | Maintained Sell | $50 | schlecht | ||
| 02/16/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 01/17/24 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 12/22/23 | RBC Capital Markets | Maintained Buy | $83 | gut | ||
| 11/29/23 | J.P. Morgan | Maintained Sell | $60 | schlecht | ||
| 11/16/23 | Wedbush Morgan Securities Inc. | Maintained Buy | $80 | gut | ||
| 10/31/23 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 10/18/23 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 09/29/23 | RBC Capital Markets | Maintained Buy | $80 | gut | ||
| 09/29/23 | Wedbush Morgan Securities Inc. | Maintained Buy | $90 | gut | ||
| 09/29/23 | Stephens Inc. | Maintained Hold | $70 | neutral | ||
| 09/29/23 | Baird Patrick & Co | Maintained Buy | $88 | gut | ||
| 09/25/23 | Evercore | Maintained Hold | $79 | neutral | ||
| 09/25/23 | Wedbush Morgan Securities Inc. | Upgraded to Buy | $90 | gut | ||
| 09/19/23 | Wedbush Morgan Securities Inc. | Maintained Hold | $85 | neutral | ||
| 08/17/23 | Baird Patrick & Co | Maintained Buy | $96 | gut | ||
| 08/17/23 | Wedbush Morgan Securities Inc. | Maintained Hold | $85 | neutral | ||
| 07/14/23 | Oppenheimer & Co. Inc. | Maintained Buy | $105 | gut | ||
| 06/28/23 | Morgan Stanley | Maintained Buy | $80 | gut | ||
| 06/26/23 | RBC Capital Markets | Maintained Buy | $90 | gut | ||
| 06/26/23 | J.P. Morgan | Maintained Sell | $60 | schlecht | ||
| 06/12/23 | Northcoast | Downgraded to Hold | neutral | |||
| 04/24/23 | Wedbush Morgan Securities Inc. | Maintained Hold | $70 | neutral | ||
| 04/14/23 | Oppenheimer & Co. Inc. | Maintained Buy | $85 | gut | ||
| 04/13/23 | Bank of America Merrill Lynch | Maintained Sell | $44 | schlecht | ||
| 04/13/23 | RBC Capital Markets | Maintained Buy | $70 | gut | ||
| 04/12/23 | Wedbush Morgan Securities Inc. | Maintained Hold | $55 | neutral | ||
| 03/31/23 | Stephens Inc. | Maintained Hold | $51 | neutral |
CarMax Estimates* in USD
| 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|
| Revenue | 26,686 | 25,852 | 26,983 | 29,093 |
| Dividend | 0.00 | 0.00 | 0.00 | - |
| Dividend Yield (in %) | 0.00 % | 0.00 % | 0.00 % | - |
| EPS | 2.95 | 2.98 | 3.72 | 4.41 |
| P/E Ratio | 24.84 | 24.64 | 19.73 | 16.63 |
| EBIT | 742 | 750 | 870 | 993 |
| EBITDA | 995 | 1,018 | 1,151 | 1,237 |
| Net Profit | 474 | 468 | 565 | 666 |
| Net Profit Adjusted | 455 | 460 | 572 | 631 |
| Pre-Tax Profit | 630 | 629 | 760 | 880 |
| Net Profit (Adjusted) | 615 | 644 | 776 | 888 |
| EPS (Non-GAAP) ex. SOE | 2.95 | 2.98 | 3.72 | 4.41 |
| EPS (GAAP) | 2.90 | 3.09 | 3.76 | 4.16 |
| Gross Income | 2,829 | 2,866 | 3,014 | 3,198 |
| Cash Flow from Investing | -210 | -213 | -116 | -450 |
| Cash Flow from Operations | 238 | 657 | 506 | 218 |
| Cash Flow from Financing | 650 | -448 | -74 | 755 |
| Cash Flow per Share | 2.34 | 3.41 | 3.13 | 0.19 |
| Free Cash Flow | 78 | 238 | 179 | 13 |
| Free Cash Flow per Share | -1.64 | -3.76 | -7.40 | -10.54 |
| Book Value per Share | 33.07 | 35.36 | 38.81 | 42.86 |
| Net Debt | 1,939 | 1,870 | 1,750 | 1,947 |
| Research & Development Exp. | - | - | - | - |
| Capital Expenditure | 438 | 478 | 415 | 458 |
| Selling, General & Admin. Exp. | 2,319 | 2,384 | 2,414 | 2,516 |
| Shareholder’s Equity | 6,223 | 6,217 | 6,555 | 6,860 |
| Total Assets | 27,600 | 27,053 | 27,822 | 30,036 |
| Previous Quarter ending 03/31/24 | Current Quarter ending 06/30/24 | Next Quarter ending 09/30/24 | Current Year ending 02/29/24 | Next Year ending 02/28/25 | |
|---|---|---|---|---|---|
| Earnings Estimates | |||||
| No. of Analysts | - | - | - | 13 | 17 |
| Average Estimate | - | - | - | 2.953 USD | 2.977 USD |
| Year Ago | - | - | - | 3.053 USD | - |
| Publish Date | - | - | - | 6/25/2024 | - |
| Revenue Estimates | |||||
| No. of Analysts | - | - | - | 13 | 18 |
| Average Estimate | - | - | - | 26,686 USD | 25,852 USD |
| Year Ago | - | - | - | 29,685 USD | - |
| Publish Date | - | - | - | 6/25/2024 | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Income Statements in Mio. USD
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Sales | 26,536.04 | 29,684.87 | 31,900.41 | 18,950.15 | 20,319.99 | 18,173.10 | 17,120.21 |
| Change of sales in % | - | -6.95 | 68.34 | -6.74 | - | 6.15 | 7.84 |
| Gross profit on sales | 2,457.68 | 2,556.25 | 3,075.59 | 2,379.13 | 2,722.34 | 2,480.59 | 2,328.86 |
| Gross profit on sales change in % | - | -16.89 | 29.27 | -12.61 | - | 6.52 | 6.67 |
| Operating income | -122.70 | -232.60 | 608.67 | 279.35 | 596.57 | 596.52 | 574.21 |
| Operating income change in % | - | - | 117.89 | -53.17 | - | 3.89 | 5.52 |
| Income before tax | 641.60 | 636.80 | 1,492.35 | 965.26 | 1,160.99 | 1,112.81 | 1,063.61 |
| Income before tax change in % | - | -57.33 | 54.61 | -16.86 | - | 4.63 | 5.68 |
| Income after tax | 479.20 | 484.76 | 1,151.30 | 746.92 | 888.43 | 842.41 | 664.11 |
| Income after tax change in % | - | -57.89 | 54.14 | -15.93 | - | 26.85 | 5.92 |
Balance Sheet in Mio. USD
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Total liabilities | 21,450.96 | 20,936.55 | 21,436.57 | 17,394.87 | 17,533.34 | 15,462.10 | 14,252.94 |
| Long-term liabilities per share | 121.43 | 120.18 | 120.39 | 96.19 | 98.10 | 84.49 | 72.76 |
| Equity | 6,073.74 | 5,613.08 | 5,235.44 | 4,364.61 | 3,768.88 | 3,357.03 | 3,316.85 |
| Equity change in % | 8.21 | 7.21 | 19.95 | 15.81 | 12.27 | 1.21 | 6.70 |
| Balance sheet total | 27,524.70 | 26,549.62 | 26,672.01 | 21,759.48 | 21,302.22 | 18,819.13 | 17,569.79 |
| Balance sheet total change in % | - | -0.46 | 22.58 | 2.15 | - | 7.11 | 7.37 |
Key Data in USD
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Sales per share | 167.20 | 185.80 | 193.13 | 114.76 | 121.81 | 103.32 | 92.81 |
| P/E ratio (year end quote, basic EPS) | 26.16 | 22.75 | 15.69 | 26.42 | 16.39 | 12.97 | 17.20 |
| P/E ratio (ear end quote, diluted EPS) | 26.16 | 22.75 | 15.69 | 26.42 | 16.39 | 12.97 | 17.20 |
| P/E ratio (year end quote) | 26.16 | 22.75 | 15.69 | 26.42 | 16.39 | 12.97 | 17.20 |
| Dividend yield in % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity ratio in % | 22.07 | 21.14 | 19.63 | 20.06 | 17.69 | 17.84 | 18.88 |
| Debt ratio in % | 77.93 | 78.86 | 80.37 | 79.94 | 82.31 | 82.16 | 81.12 |
CarMax Insider Activity
| Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
|---|---|---|---|---|---|---|
| Daniels Jon G | 06/25/2024 | 1,231.00 | 995.00 | 72.46 | Sell | No |
| Mayor-Mora Enrique N | 05/02/2024 | 578.00 | 18,428.00 | 68.71 | Sell | No |
| Newberry Darren C | 05/02/2024 | 445.00 | 11,154.00 | 68.71 | Sell | No |
| Wilson Charles Joseph | 05/02/2024 | 445.00 | 15,609.00 | 68.71 | Sell | No |
| Livesay Jill A | 05/02/2024 | 164.00 | 9,448.00 | 68.71 | Sell | No |
| Cafritz Diane L | 05/02/2024 | 578.00 | 6,399.00 | 68.71 | Sell | No |
| Nash William D | 05/02/2024 | 5,314.00 | 181,683.00 | 68.71 | Sell | No |
| Daniels Jon G | 05/02/2024 | 526.00 | 2,226.00 | 68.71 | Sell | No |
| Livesay Jill A | 05/02/2024 | 544.00 | 9,612.00 | n/a | Buy | No |
| Cafritz Diane L | 04/22/2024 | 15,356.00 | 6,977.00 | 69.53 | Sell | No |
| Cafritz Diane L | 04/22/2024 | 15,356.00 | 22,333.00 | 63.04 | Buy | No |
| Cafritz Diane L | 04/09/2024 | 1,454.00 | 6,977.00 | n/a | Buy | No |
| Shamim Mohammad | 04/09/2024 | 1,488.00 | 12,380.00 | n/a | Buy | No |
| Daniels Jon G | 04/09/2024 | 1,227.00 | 2,752.00 | n/a | Buy | No |
| Lyski James | 04/09/2024 | 1,790.00 | 23,576.00 | n/a | Buy | No |
| Wilson Charles Joseph | 04/09/2024 | 1,296.00 | 16,054.00 | n/a | Buy | No |
| Nash William D | 04/09/2024 | 9,817.00 | 186,997.00 | n/a | Buy | No |
| Mayor-Mora Enrique N | 04/09/2024 | 1,454.00 | 19,006.00 | n/a | Buy | No |
| Newberry Darren C | 04/09/2024 | 1,182.00 | 11,599.00 | n/a | Buy | No |
| Livesay Jill A | 01/28/2024 | 14,199.00 | 9,068.00 | 70.89 | Sell | No |
| Livesay Jill A | 01/28/2024 | 14,199.00 | 23,267.00 | 58.38 | Buy | No |
| Cafritz Diane L | 01/25/2024 | 22,000.00 | 5,073.00 | 70.08 | Sell | No |
| Cafritz Diane L | 01/25/2024 | 22,000.00 | 27,073.00 | 63.04 | Buy | No |
| Cafritz Diane L | 01/22/2024 | 2,730.00 | 5,073.00 | 70.54 | Sell | No |
| Cafritz Diane L | 01/22/2024 | 2,730.00 | 7,803.00 | 63.04 | Buy | No |
CarMax Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2024 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2023 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2022 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2021 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2020 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2019 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2018 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2017 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2016 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2015 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2014 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2013 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2012 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2011 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2010 | CarMax Inc. | 0.00 | 0.00 | USD |
| 2009 | CarMax Inc. | 0.00 | 0.00 | USD |
*Yield of the Respective Date
CarMax Inc. Calendar
| Event | Estimate | Info | Date |
|---|---|---|---|
| Earnings Report | 0.837 USD | Q2 2025 Earnings Release | 09/26/2024 |
| Earnings Report | 0.627 USD | Q3 2025 Earnings Release | 12/19/2024 |
| Earnings Report | 0.589 USD | Q4 2025 Earnings Release | 04/15/2025 |
| Earnings Report | 1.300 USD | Q1 2026 Earnings Release | 06/20/2025 |
CarMax Inc. Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Annual General Meeting | - | Annual General Meeting | 06/25/2024 |
| Earnings Report | 0.319 USD | Q1 2025 Earnings Release | 06/21/2024 |
| Press Conference | - | - | 06/21/2024 |
| Earnings Report | 0.518 USD | Q4 2024 Earnings Release | 04/11/2024 |
| Press Conference | - | - | 04/11/2024 |
| Press Conference | - | - | 12/21/2023 |
| Press Conference | - | - | 09/28/2023 |
CarMax Profile
CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA. .
Moody’s Daily Credit Risk Score
Risk
- Low
- Medium
- High
5
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’sbalance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of creditrisk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes intoaccount day-to-day movements in market value compared to a company’s liability structure.
CarMax Shareholder
| Owner | in % |
|---|---|
| Freefloat | 99.63 |
| The Vanguard Group, Inc. | 11.49 |
| Vanguard Group, Inc. (Subfiler) | 11.04 |
| Principal Global Investors LLC | 6.12 |
| Principal Global Investors LLC | 5.93 |
| Diamond Hill Capital Management, Inc. | 4.28 |
| State Street Corp. | 3.94 |
| Principal Funds Inc. - Mid Cap Fund | 3.94 |
| PRIMECAP Management Co. | 3.51 |
| Vanguard Total Stock Market ETF | 3.16 |
| Janus Henderson Investors US LLC | 2.73 |
| Capital Research & Management Co. (Global Investors) | 2.63 |
| Vanguard 500 Index Fund | 2.58 |
| BlackRock Fund Advisors | 2.58 |
| Ruane, Cunniff & Goldfarb LP | 2.52 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
CarMax Management
| Name | Job |
|---|---|
| Eileen Yost | Assistant Vice President-Tax |
| Mike Farris | COO & Vice President-CarMax Auto Finance |
| Jill A. Livesay | Chief Accounting Officer, VP & Controller |
| Gautam Puranik | Chief Data Officer & Vice President-Strategy |
| Enrique N. Mayor-Mora | Chief Financial Officer & Executive Vice President |
| Cherri Heart | Chief Information Security Officer & VP |
| Charles Joseph Wilson | Chief Operating Officer & Executive Vice President |
| Diane Long Cafritz | EVP, Chief Human Resources & Compliance Officer |
| Shamim Mohammad | EVP, Chief Technology & Information Officer |
| James R. Lyski | Executive VP, Chief Innovation & Strategy Officer |
| David W. McCreight | Independent Director |
| Sona Chawla | Independent Director |
| Peter J. Bensen | Independent Director |
| Marcella Shinder | Independent Director |
| Mark F. O'Neil | Independent Director |
| Pietro Satriano | Independent Director |
| Ronald Edward Blaylock | Independent Director |
| Shira D. Goodman | Independent Director |
| Mitchell D. Steenrod | Lead Independent Director |
| Thomas J. Folliard | Non-Executive Chairman |
| William D. Nash | President, Chief Executive Officer & Director |
| John Mac Stuckey | Secretary & Vice President |
| Andy McMonigle | Treasurer & Vice President-Finance |
| Dan Bickett | VP-Store Delivery & Support Services |
| David Lowenstein | Vice President-Investor Relations |
| Douglass Moyers | Vice President-Real Estate |
