CarMax Inc. (KMX)
Consumer Discretionary4 articles
Price chart
CarMax Inc. (KMX) overview
CarMax is the largest U.S. used-car retailer. It is a member of the S&P 500 and is classified in the Consumer Discretionary sector — retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
CarMax Inc. trades on the NYSE under the ticker symbol KMX. As of the most recent market data, the stock was priced around $57.33, down 1.95% on the session.
Over the past 52 weeks, KMX has traded between $30.26 and $63.74. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 36.3, a common gauge of how richly the market prices the company's earnings.
Key statistics
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Why investors watch KMX
As one of the larger companies in the Consumer Discretionary sector, CarMax Inc. is closely followed by investors and often moves with broader trends across retailers, automakers and leisure companies whose sales rise and fall with consumer confidence. Traders watch KMX for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest KMX news
CarMax (KMX) Shares Drop 10% Despite Earnings Beat and Turnaround Plan
CarMax (KMX) reported earnings per share of $1.31, surpassing expectations of 95 cents, and revenue of $8.01 billion, exceeding the forecast of $7.42 billion. However, shares fell approximately 10% in midday trading due to concerns over growth under the new CEO's turnaround plan. The company's total gross profit declined by 4.4% to $854.4 million, and net earnings decreased 11.8% to $185.6 million compared to the same period last year. Despite these challenges, CarMax's shares remain up about 25% year-to-date.
Read More: CarMax (KMX) Shares Drop 10% Despite Earnings Beat and Turnaround Plan
Premarket Stocks: CarMax, AST SpaceMobile, Lionsgate Movement Updates
Several stocks showed significant movement in premarket trading, including CarMax (KMX) and AST SpaceMobile (ASTS). Specific trading volumes and percentage changes are not provided in the article. The trading activity reflects broader market trends and investor sentiment. Notably, the impacts of these gains or losses could affect their market positions going into the trading day.
Read More: Premarket Stocks: CarMax, AST SpaceMobile, Lionsgate Movement Updates
CarMax (KMX) Earnings Beat Following Carvana Disruption
CarMax (KMX) reported earnings that surpassed analysts' expectations, indicating strong performance in a competitive market. This comes after Carvana announced significant changes that may impact the used vehicle sector. The earnings report from CarMax could signal resilience in their business model despite external disruptions. Investors will be closely monitoring how these developments affect market dynamics and trading volumes in the auto retail sector.
Read More: CarMax (KMX) Earnings Beat Following Carvana Disruption
CarMax (KMX) Reports Quarterly Loss Due to Goodwill Charge
CarMax (KMX) reported a quarterly loss attributed to a goodwill charge amid weak used-car demand. The company has seen a decline in sales volume, impacting its financial performance. This situation highlights the challenges faced in the automotive retail sector, particularly for used vehicles. Investors should monitor CarMax's recovery strategies and any adjustments in market demand to assess future performance.
Read More: CarMax (KMX) Reports Quarterly Loss Due to Goodwill ChargeMore Consumer Discretionary stocks
Frequently asked questions
Is CarMax Inc. in the S&P 500?
Yes. CarMax Inc. (KMX) is a member of the S&P 500 index, classified in the Consumer Discretionary sector.
What sector is KMX in?
CarMax Inc. is classified in the Consumer Discretionary sector of the S&P 500 — retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Where can I find the latest KMX news?
This page collects recent CarMax Inc. (KMX) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is CarMax Inc.'s stock price?
As of the most recent market data, CarMax Inc. (KMX) traded at approximately $57.33. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is KMX's P/E ratio?
KMX trades at a trailing price-to-earnings ratio of about 36.3. The P/E ratio compares a company's share price to its earnings per share.