Carmax Inc Stock Market Value
| KMX Stock | USD 82.96 0.07 0.08% |
| Symbol | CarMax |
CarMax Inc Price To Book Ratio
Is Automotive Retail space 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 0.565 | Earnings Share 2.94 | Revenue Per Share | Quarterly Revenue Growth 0.018 | Return On Assets |
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.
CarMax 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CarMax's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CarMax.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in CarMax on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding CarMax Inc or generate 0.0% return on investment in CarMax over 30 days. CarMax is related to or competes with AutoNation, OReilly Automotive, AutoZone, Advance Auto, and Ross Stores. CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States More
CarMax Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CarMax's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CarMax Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0605 | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.55 |
CarMax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarMax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarMax's standard deviation. In reality, there are many statistical measures that can use CarMax historical prices to predict the future CarMax's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.111 | |||
| Total Risk Alpha | 0.1056 | |||
| Sortino Ratio | 0.0678 | |||
| Treynor Ratio | 0.0813 |
CarMax Inc Backtested Returns
CarMax Inc secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. CarMax Inc exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CarMax's Risk Adjusted Performance of 0.0564, mean deviation of 1.42, and Downside Deviation of 1.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.46, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CarMax will likely underperform. At this point, CarMax Inc has a negative expected return of -0.006%. Please make sure to confirm CarMax's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if CarMax Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
CarMax Inc has below average predictability. Overlapping area represents the amount of predictability between CarMax time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CarMax Inc price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current CarMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 5.45 |
CarMax Inc lagged returns against current returns
Autocorrelation, which is CarMax stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CarMax's stock expected returns. We can calculate the autocorrelation of CarMax returns to help us make a trade decision. For example, suppose you find that CarMax has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CarMax regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CarMax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarMax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarMax stock over time.
Current vs Lagged Prices |
| Timeline |
CarMax Lagged Returns
When evaluating CarMax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarMax stock have on its future price. CarMax autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CarMax autocorrelation shows the relationship between CarMax stock current value and its past values and can show if there is a momentum factor associated with investing in CarMax Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.