Carmax Inc Stock Z Score

KMX Stock

USD 69.11 0.58 0.85%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out CarMax Piotroski F Score and CarMax Valuation analysis.

At this time, CarMax's Capital Lease Obligations is fairly stable compared to the past year. Net Working Capital is likely to rise to about 3 B in 2024, whereas Capital Surpluse is likely to drop slightly above 1.3 B in 2024. At this time, CarMax's Net Income From Continuing Ops is fairly stable compared to the past year. Non Operating Income Net Other is likely to rise to about 6.9 M in 2024, whereas Gross Profit is likely to drop slightly above 1.5 B in 2024.

CarMax Inc Company Z Score Analysis

CarMax's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

CarMax Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for CarMax is extremely important. It helps to project a fair market value of CarMax Stock properly, considering its historical fundamentals such as Z Score. Since CarMax's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CarMax's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CarMax's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Long Term Debt	Property Plant Equipment	Retained Earnings	Common Stock	Current Deferred Revenue	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.95	0.99	0.99	0.72	1.0	0.96	0.95	1.0	0.8	0.94	-0.09	0.1	0.8	0.74	0.91	0.88	0.9	0.83	0.57	0.84	0.71	-0.62
Total Stockholder Equity	0.95		0.9	0.96	0.64	0.93	0.94	0.96	0.93	0.66	1.0	0.08	0.02	0.77	0.57	0.78	0.78	0.76	0.81	0.51	0.86	0.71	-0.7
Net Debt	0.99	0.9		0.97	0.73	1.0	0.94	0.91	1.0	0.85	0.88	-0.14	0.13	0.81	0.8	0.94	0.9	0.94	0.8	0.58	0.79	0.7	-0.56
Accounts Payable	0.99	0.96	0.97		0.75	0.98	0.97	0.94	0.98	0.78	0.95	-0.1	0.17	0.82	0.67	0.88	0.88	0.88	0.83	0.68	0.86	0.75	-0.63
Net Receivables	0.72	0.64	0.73	0.75		0.72	0.85	0.59	0.73	0.72	0.64	-0.3	0.52	0.83	0.41	0.75	0.84	0.77	0.62	0.63	0.77	0.96	-0.34
Total Liab	1.0	0.93	1.0	0.98	0.72		0.95	0.94	1.0	0.82	0.91	-0.12	0.12	0.8	0.77	0.92	0.89	0.92	0.82	0.58	0.82	0.7	-0.6
Total Current Assets	0.96	0.94	0.94	0.97	0.85	0.95		0.9	0.95	0.77	0.94	-0.07	0.19	0.86	0.6	0.86	0.88	0.85	0.8	0.61	0.89	0.87	-0.6
Short Term Debt	0.95	0.96	0.91	0.94	0.59	0.94	0.9		0.93	0.61	0.95	-0.1	0.01	0.67	0.62	0.74	0.73	0.78	0.87	0.49	0.87	0.66	-0.77
Long Term Debt	1.0	0.93	1.0	0.98	0.73	1.0	0.95	0.93		0.83	0.91	-0.12	0.11	0.8	0.77	0.93	0.89	0.92	0.81	0.57	0.81	0.7	-0.59
Property Plant Equipment	0.8	0.66	0.85	0.78	0.72	0.82	0.77	0.61	0.83		0.64	-0.15	0.23	0.8	0.83	0.97	0.89	0.89	0.66	0.54	0.59	0.58	-0.05
Retained Earnings	0.94	1.0	0.88	0.95	0.64	0.91	0.94	0.95	0.91	0.64		0.1	0.02	0.77	0.53	0.76	0.77	0.74	0.81	0.52	0.86	0.71	-0.7
Common Stock	-0.09	0.08	-0.14	-0.1	-0.3	-0.12	-0.07	-0.1	-0.12	-0.15	0.1		-0.72	-0.19	-0.09	-0.15	-0.28	-0.4	-0.4	-0.32	-0.35	-0.3	0.02
Current Deferred Revenue	0.1	0.02	0.13	0.17	0.52	0.12	0.19	0.01	0.11	0.23	0.02	-0.72		0.53	-0.13	0.21	0.48	0.39	0.24	0.63	0.38	0.47	0.01
Net Tangible Assets	0.8	0.77	0.81	0.82	0.83	0.8	0.86	0.67	0.8	0.8	0.77	-0.19	0.53		0.46	0.84	0.96	0.86	0.67	0.67	0.8	0.8	-0.36
Short Term Investments	0.74	0.57	0.8	0.67	0.41	0.77	0.6	0.62	0.77	0.83	0.53	-0.09	-0.13	0.46		0.84	0.65	0.77	0.57	0.3	0.38	0.28	-0.13
Long Term Debt Total	0.91	0.78	0.94	0.88	0.75	0.92	0.86	0.74	0.93	0.97	0.76	-0.15	0.21	0.84	0.84		0.94	0.95	0.72	0.56	0.68	0.64	-0.26
Capital Surpluse	0.88	0.78	0.9	0.88	0.84	0.89	0.88	0.73	0.89	0.89	0.77	-0.28	0.48	0.96	0.65	0.94		0.96	0.72	0.71	0.78	0.77	-0.37
Long Term Investments	0.9	0.76	0.94	0.88	0.77	0.92	0.85	0.78	0.92	0.89	0.74	-0.4	0.39	0.86	0.77	0.95	0.96		0.79	0.63	0.78	0.7	-0.39
Short Long Term Debt	0.83	0.81	0.8	0.83	0.62	0.82	0.8	0.87	0.81	0.66	0.81	-0.4	0.24	0.67	0.57	0.72	0.72	0.79		0.49	0.92	0.7	-0.48
Cash And Equivalents	0.57	0.51	0.58	0.68	0.63	0.58	0.61	0.49	0.57	0.54	0.52	-0.32	0.63	0.67	0.3	0.56	0.71	0.63	0.49		0.55	0.56	-0.31
Net Invested Capital	0.84	0.86	0.79	0.86	0.77	0.82	0.89	0.87	0.81	0.59	0.86	-0.35	0.38	0.8	0.38	0.68	0.78	0.78	0.92	0.55		0.88	-0.64
Net Working Capital	0.71	0.71	0.7	0.75	0.96	0.7	0.87	0.66	0.7	0.58	0.71	-0.3	0.47	0.8	0.28	0.64	0.77	0.7	0.7	0.56	0.88		-0.48
Capital Stock	-0.62	-0.7	-0.56	-0.63	-0.34	-0.6	-0.6	-0.77	-0.59	-0.05	-0.7	0.02	0.01	-0.36	-0.13	-0.26	-0.37	-0.39	-0.48	-0.31	-0.64	-0.48

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict CarMax

Based on the company's disclosures, CarMax Inc has a Z Score of 0.0. This is 100.0% lower than that of the Specialty Retail sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

CarMax ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CarMax's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CarMax's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

CarMax Institutional Holders

Institutional Holdings refers to the ownership stake in CarMax that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CarMax's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CarMax's value.

		Shares
Amvescap Plc.	2023-12-31	3.2 M
Akre Capital Management, Llc	2023-12-31	2.7 M
Morningstar Investment Services Llc	2023-12-31	2.7 M
Fiduciary Management, Inc. Of Milwaukee	2023-12-31	2.6 M
Turtle Creek Asset Management Inc.	2023-12-31	2.6 M
London Company Of Virginia	2023-12-31	2.4 M
Cooke & Bieler Lp	2023-12-31	2.3 M
First Pacific Advisors, Lp	2023-12-31	2.3 M
Wellington Management Company Llp	2023-12-31	2.3 M
Vanguard Group Inc	2023-12-31	18.1 M
Blackrock Inc	2023-12-31	10.9 M

CarMax Fundamentals

	Return On Equity	0.082
	Return On Asset	0.0177
	Profit Margin	0.02 %
	Operating Margin	0.02 %
	Current Valuation	29.74 B
	Shares Outstanding	157.39 M
	Shares Owned By Insiders	0.33 %
	Shares Owned By Institutions	99.67 %
	Number Of Shares Shorted	19.12 M
	Price To Earning	14.73 X
	Price To Book	1.85 X
	Price To Sales	0.40 X
	Revenue	26.54 B
	Gross Profit	2.8 B
	EBITDA	(22.21 M)
	Net Income	479.2 M
	Cash And Equivalents	102.72 M
	Cash Per Share	0.36 X
	Total Debt	19.31 B
	Debt To Equity	3.59 %
	Current Ratio	2.75 X
	Book Value Per Share	38.54 X
	Cash Flow From Operations	458.62 M
	Short Ratio	12.57 X
	Earnings Per Share	3.02 X
	Price To Earnings To Growth	0.90 X
	Target Price	79.69
	Number Of Employees	29.84 K
	Beta	1.6
	Market Capitalization	10.99 B
	Total Asset	27.2 B
	Retained Earnings	4.13 B
	Working Capital	2.91 B
	Current Asset	2.47 B
	Current Liabilities	1.01 B
	Net Asset	27.2 B

About CarMax Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CarMax Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CarMax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CarMax Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

CarMax Investors Sentiment

The influence of CarMax's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CarMax. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to CarMax's public news can be used to forecast risks associated with an investment in CarMax. The trend in average sentiment can be used to explain how an investor holding CarMax can time the market purely based on public headlines and social activities around CarMax Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

CarMax's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CarMax's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CarMax's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CarMax.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CarMax in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CarMax's short interest history, or implied volatility extrapolated from CarMax options trading.

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When determining whether CarMax Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CarMax's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carmax Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carmax Inc Stock:

How To Invest In CarMax

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Is CarMax Stock a good investment?

Details

What is CarMax's Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

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Largest Consumer Discretionary Companies

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Check out CarMax Piotroski F Score and CarMax Valuation analysis.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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.

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Carmax Inc Stock Z Score

CarMax Inc Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

CarMax Z Score Driver Correlations

CarMax ESG Sustainability

CarMax Institutional Holders

CarMax Fundamentals

About CarMax Fundamental Analysis

CarMax Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for CarMax Stock analysis

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