How to Buy Carmax Stock
Carmax Inc
Carmax is a auto & truck dealership company located in Virginia, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker KMX on the NYSE exchange.
Carmax stock last closed at $65.68, down 0.18% from the previous day, and has decreased 6.53% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.26 percentage points. Carmax stock is currently +6.5% from its 52-week low of $61.67, and -28.02% from its 52-week high of $91.25.
There are currently 152.68M shares of KMX outstanding. The market value of KMX is $10.03B. In the last 24 hours, 2.43M KMX shares were traded.
How to Buy Carmax Stock
Wondering how to invest in Carmax stock? Here's how.
- Decide where to buy Carmax stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Carmax stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your information.
- Research Carmax stock: The Carmax ticker symbol is KMX. Is Carmax stock a good investment? Should you buy shares of KMX? How do KMX's underlying business fundamentals look? Do top analysts think Carmax is a good buy? Why has KMX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if KMX is a good stock to buy).
- Place your KMX trade: Decide if you will purchase KMX shares at the current market price or use a limit order to purchase KMX stock at a particular price.
- Track your KMX investment: Create a watchlist to important updates regarding your position in Carmax stock.
Step 1: Decide where to buy Carmax stock
You need an online brokerage account in order to access the NYSE market and buy KMX stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
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Get $10 towards your share purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you can buy KMX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have filled out your info on mobile trading apps, you can securely and quickly fund your account:
Check out the video below if you need help depositing money into your investment account.
Step 4: Research Carmax stock
After you have decided on the best place to buy Carmax stock, it's crucial to evaluate their stock before you buy, so you can understand the risk and opportunity.
Carmax Numbers
KMX Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on KMX's stock page.
Is KMX stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge KMX's true value.
Using relative valuations methods:
- KMX may be undervalued based on its P/E ratio of 20.4x, relative to Auto & Truck Dealerships industry P/E ratio of 68.14x
- KMX could be undervalued based on its P/B ratio of 1.61x, relative to Auto & Truck Dealerships industry P/B ratio of 3.14x
- KMX may be overvalued based on its PEG ratio of 1.38x
You can access additional valuation analysis on KMX's stock here.
KMX Financial Health Overview
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the KMX balance sheet.
- KMX earnings of $777.30M is not sufficient to cover its interest payments.
- KMX profit margin has gone up from 1.8% to 1.9% in the past year.
- Total KMX debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- KMX has a relatively high debt to equity ratio of 3.39.
- KMX's operating cash flow of $624.44M allows it to safely service it's debt of $19.22B.
- There are more long-term liabilities than short-term assets on the KMX balance sheet.
Is it a good time to buy KMX stock, according to Wall Street analysts?
Out of 9 Equities analysts who monitor KMX, the consensus analyst rating on Carmax is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest KMX Analyst Recommendations
Michael Montani, a top 26% analyst from Evercore ISI Group maintains KMX with a buy rating and lowers their KMX price target from $107.00 to $105.00, on Mar 11, 2025.
Scot Ciccarelli, a top 5% analyst from Truist Securities maintains KMX with a hold rating and raises their KMX price target from $72.00 to $88.00, on Dec 20, 2024.
David Bellinger, a bottom 8% analyst from Mizuho maintains KMX with a hold rating and raises their KMX price target from $72.00 to $80.00, on Dec 20, 2024.
Jeff Lick, a top 26% analyst from Stephens & Co. initiates coverage on KMX with a hold rating and announces their KMX price target of $86.00, on Dec 5, 2024.
You can dig deeper into what analysts are forecasting on the Carmax stock forecast page.
Metrics for Advanced KMX Traders
KMX Performance Numbers
Last year, KMX earnings were $500.56M. In the past five year, KMX's earnings have gone up by -9.79% per year. This was faster than the Auto & Truck Dealerships industry average of -17.76%.
Last year, KMX revenue was $26.35B. In the last five year, KMX's revenue has grown by 5.34% per year. This was slower than the Auto & Truck Dealerships industry average of 18.42%.
You can research KMX's earnings and revenue performance here.
What are KMX insiders up to?
Over the past 12 months, executives and large shareholders at KMX have sold more shares than they have bought.
Tyler Tuite, SVP Chief Product Officer of KMX, was the latest KMX insider to buy. They bought $382,752.09 worth of KMX shares on Jan 28, 2025.
Research more about who owns KMX stock here.
Does KMX provide a stable income stream?
No, Carmax doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your KMX trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Track your KMX investment
Now that you own some shares in KMX, you'll want to stay up-to-date on your shares.
Start a watchlist to see the latest developments about your KMX stock.
KMX Feed
How to Buy Stock in Carmax
To summarize, here are the 6 steps to buy Carmax stock:
- Decide where to buy Carmax stock
- Create a brokerage account
- Fund your investment account
- Research Carmax stock
- Place your KMX trade
- Track your KMX investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Carmax, add KMX to your watchlist below.
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