CarMax Inc (KMX) Dips 2.87% for September 16

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday September 16 was CarMax Inc (KMX). The stock experienced a 2.87% decline to $84.26 with 1.02 million shares changing hands.

CarMax Inc started at an opening price of 85.50 and hit a high of $85.78 and a low of $83.96. Ultimately, the stock took a hit and finished the day at $2.49 per share. CarMax Inc trades an average of 1.59 million shares a day out of a total 165.59 million shares outstanding. The current moving averages are a 50-day SMA of $85.61 and a 200-day SMA of $73.23. CarMax Inc hit a high of $92.01 and a low of $55.24 over the last year.

CarMax sells, finances, and services used and new cars through a chain of more than 200 retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales account for about 84% of revenue, wholesale about 13%, and the remaining portion is composed of extended service plans and repair. In fiscal 2019, the company retailed and wholesaled 748,961 and 447,491 used vehicles, respectively.

With its headquarters located in Richmond, VA, CarMax Inc employs 25,946 people. After today’s trading, the company’s market cap has fallen to $13.95 billionAs for its value, has a P/E ratio of <17.2, a P/S of 1.06, a P/B of 4.04, and a P/FCF of -122.6.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on CarMax Inc and to follow the company’s latest updates, you can visit the company’s profile page here: KMX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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