How to buy CarMax shares | $93.93

Own CarMax shares in just a few minutes. Share price changes are updated daily.

Fact checked

CarMax, Inc (KMX) is a leading auto & truck dealerships business based in the US. It opened the day at $93.9 after a previous close of $94.34. During the day the price has varied from a low of $93.39 to a high of $94.95. The latest price was $93.93 (25 minute delay). CarMax is listed on the NYSE and employs 25,000 staff. All prices are listed in US Dollars.

How to buy shares in CarMax

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: KMX in this case.
  5. Research CarMax shares. The platform should provide the latest information available.
  6. Buy your CarMax shares. It's that simple.
The whole process can take as little as 15 minutes.

How has Coronavirus impacted CarMax's share price?

Since the stock market crash in March caused by coronavirus, CarMax's share price has had significant negative movement.

Its last market close was $93.74, which is 7.38% down on its pre-crash value of $101.21 and 149.37% up on the lowest point reached during the March crash when the shares fell as low as $37.59.

If you had bought $1,000 worth of CarMax shares at the start of February 2020, those shares would have been worth $501.80 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $986.14.

CarMax share price

Use our graph to track the performance of KMX stocks over time.

CarMax shares at a glance

Information last updated 2020-12-11.
Open$93.9
High$94.95
Low$93.39
Close$93.93
Previous close$94.34
Change $-0.41
Change % -0.435%
Volume 747,604
Information last updated 2020-12-27.
52-week range$37.59 - $109.31
50-day moving average $95.2615
200-day moving average $96.3761
Wall St. target price$116.92
PE ratio 20.2813
Dividend yield N/A (0%)
Earnings per share (TTM) $4.551
Promoted
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Other fees may apply. Your capital is at risk.

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Share dealing platform comparison

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 100 trades are free with Fineco, T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Stake
£0
£0
Zero platform fee
Join and receive a free share worth up to £100
Access unlimited commission-free trading on 3,800+ US stocks and ETFs with Stake. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Degiro Share Dealing
£1.75 + 0.022% (max £5.00)
£1.75 + 0.022% (max £5.00)
Portfolio transfer fees (in & out)
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. Capital at risk.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
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Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is it a good time to buy CarMax stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

CarMax price performance over time

Historical closes compared with the last close of $93.93

1 week (2021-01-08) -8.00%
1 month (2020-12-18) -4.40%
3 months (2020-10-16) 0.20%
6 months (2020-07-17) -1.15%
1 year (2020-01-17) -1.83%
2 years (2019-01-17) 45.49%
3 years (2018-01-17) 34.49%
5 years (2016-01-15) 108.64%

Is CarMax under- or over-valued?

Valuing CarMax stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CarMax's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

CarMax's P/E ratio

CarMax's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, CarMax shares trade at around 20x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

CarMax's PEG ratio

CarMax's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5593. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CarMax's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

CarMax's EBITDA

CarMax's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.3 billion (£0.0 million).

The EBITDA is a measure of a CarMax's overall financial performance and is widely used to measure a its profitability.

CarMax financials

Revenue TTM $19.9 billion
Operating margin TTM 5.38%
Gross profit TTM $3.2 billion
Return on assets TTM 3.23%
Return on equity TTM 19.21%
Profit margin 3.78%
Book value $25.323
Market capitalisation $15 billion

TTM: trailing 12 months

How to short and sell CarMax shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "KMX.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 9.8 million CarMax shares held short by investors – that's known as CarMax's "short interest". This figure is 6.3% up from 9.2 million last month.

There are a few different ways that this level of interest in shorting CarMax shares can be evaluated.

CarMax's "short interest ratio" (SIR)

CarMax's "short interest ratio" (SIR) is the quantity of CarMax shares currently shorted divided by the average quantity of CarMax shares traded daily (recently around 1.1 million). CarMax's SIR currently stands at 9.06. In other words for every 100,000 CarMax shares traded daily on the market, roughly 9060 shares are currently held short.

However CarMax's short interest can also be evaluated against the total number of CarMax shares, or, against the total number of tradable CarMax shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CarMax's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 CarMax shares in existence, roughly 60 shares are currently held short) or 0.0679% of the tradable shares (for every 100,000 tradable CarMax shares, roughly 68 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against CarMax.

Find out more about how you can short CarMax stock.

CarMax's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like CarMax.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

CarMax's total ESG risk score

Total ESG risk: 16.52

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and CarMax's overall score of 16.52 (as at 01/01/2019) is excellent – landing it in it in the 8th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like CarMax is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

CarMax's environmental score

Environmental score: 3.12/100

CarMax's environmental score of 3.12 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that CarMax is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

CarMax's social score

Social score: 8.4/100

CarMax's social score of 8.4 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that CarMax is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

CarMax's governance score

Governance score: 3.99/100

CarMax's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that CarMax is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

CarMax's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, CarMax scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that CarMax has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

CarMax, Inc was last rated for ESG on: 2019-01-01.

Total ESG score 16.52
Total ESG percentile 7.98
Environmental score 3.12
Environmental score percentile 4
Social score 8.4
Social score percentile 4
Governance score 3.99
Governance score percentile 4
Level of controversy 2

CarMax share dividends

We're not expecting CarMax to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

Have CarMax's shares ever split?

CarMax's shares were split on a 2:1 basis on 27 March 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your CarMax shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for CarMax shares which in turn could have impacted CarMax's share price.

CarMax share price volatility

Over the last 12 months, CarMax's shares have ranged in value from as little as $37.59 up to $109.31. A popular way to gauge a stock's volatility is its "beta".

KMX.US volatility(beta: 1.78)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CarMax's is 1.7785. This would suggest that CarMax's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

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CarMax overview

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 29, 2020, it operated approximately 216 stores and 2 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

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