Carmax Inc Stock Technical Analysis
| KMX Stock | USD 69.11 0.58 0.85% |
As of the 18th of April 2024, CarMax shows the Downside Deviation of 2.99, risk adjusted performance of 0.0083, and Mean Deviation of 1.68. CarMax Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for nineteen technical drivers for CarMax Inc, which can be compared to its peers. Please confirm CarMax Inc variance and potential upside to decide if CarMax Inc is priced correctly, providing market reflects its regular price of 69.11 per share. Given that CarMax has jensen alpha of (0.12), we suggest you to validate CarMax Inc's prevailing market performance to make sure the company can sustain itself at a future point.
CarMax Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CarMax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CarMaxCarMax |
CarMax Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 77.25 | Buy | 20 | Odds |
Most CarMax analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand CarMax stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CarMax Inc, talking to its executives and customers, or listening to CarMax conference calls.
CarMax technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
CarMax Inc Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of CarMax Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
CarMax Inc Trend Analysis
Use this graph to draw trend lines for CarMax Inc. You can use it to identify possible trend reversals for CarMax as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual CarMax price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.CarMax Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CarMax Inc applied against its price change over selected period. The best fit line has a slop of 0.16 , which may imply that CarMax Inc will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 980.89, which is the sum of squared deviations for the predicted CarMax price change compared to its average price change.About CarMax Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of CarMax Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of CarMax Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CarMax Inc price pattern first instead of the macroeconomic environment surrounding CarMax Inc. By analyzing CarMax's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of CarMax's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to CarMax specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0165 | 0.0146 | Price To Sales Ratio | 0.47 | 0.48 |
CarMax April 18, 2024 Technical Indicators
Most technical analysis of CarMax help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CarMax from various momentum indicators to cycle indicators. When you analyze CarMax charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0083 | |||
| Market Risk Adjusted Performance | 0.0074 | |||
| Mean Deviation | 1.68 | |||
| Semi Deviation | 2.93 | |||
| Downside Deviation | 2.99 | |||
| Coefficient Of Variation | 60150.59 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.4 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.21 | |||
| Downside Variance | 8.96 | |||
| Semi Variance | 8.61 | |||
| Expected Short fall | (1.42) | |||
| Skewness | (1.20) | |||
| Kurtosis | 3.04 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for CarMax Stock analysis
When running CarMax's price analysis, check to measure CarMax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.
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Is CarMax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CarMax. If investors know CarMax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CarMax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share 3.02 | Revenue Per Share 178.322 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0177 |
The market value of CarMax Inc is measured differently than its book value, which is the value of CarMax that is recorded on the company's balance sheet. Investors also form their own opinion of CarMax's value that differs from its market value or its book value, called intrinsic value, which is CarMax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CarMax's market value can be influenced by many factors that don't directly affect CarMax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CarMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if CarMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarMax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.