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TheStreet Wire

CarMax Reaches New 52-Week High (KMX)

By TheStreet Wire 11/02/12 - 09:59 AM EDT

Find out if (KMX) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- CarMax (NYSE:KMX) hit a new 52-week high Friday as it is currently trading at $35.83, above its previous 52-week high of $35.17 with 230,436 shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

CarMax has a market cap of $7.72 billion and is part of the services sector and specialty retail industry. Shares are up 14.7% year to date as of the close of trading on Thursday.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CarMax as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full CarMax Ratings Report.

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