Is It Time To Consider Buying CarMax, Inc. (NYSE:KMX)?
Is It Time To Consider Buying CarMax, Inc. (NYSE:KMX)?
CarMax, Inc. (NYSE:KMX) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$87.11 at one point, and dropping to the lows of US$67.21. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether CarMax's current trading price of US$73.33 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at CarMax's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
在過去幾個月裏，車美仕公司（NYSE:KMX）在紐約證券交易所上出現了一次大規模的股價波動，一度飆升至87.11美元，並跌至最低點的67.21美元。一些股價波動可以爲投資者提供更好的入股機會，並有可能以較低的價格購買股票。現在的問題是，車美仕目前的交易價格73.33美元是否反映了大市值股票的實際價值？或者，其當前價值被低估，爲我們提供了購買的機會？讓我們看看車美仕根據最新的財務數據展望和價值，並了解是否有任何推動其價格變化的因素。
What's The Opportunity In CarMax?
車美仕公司的機會在哪裏？
According to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average, the stock currently looks expensive. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 28.43x is currently well-above the industry average of 15.42x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that CarMax's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的價格多樣模型，將公司的市盈率與行業平均水平進行比較，該股票目前看起來過於昂貴。我們在這種情況下使用市盈率是因爲沒有足夠的透明度來預測其現金流。該股票的市盈率達到28.43倍，目前遠高於行業平均水平的15.42倍，這意味着相對於同行業來說其股票價格更昂貴。如果你喜歡該股票，可能會想要關注未來潛在價格下降的機會。考慮到車美仕股價相對於市場的波動較大（即其價格波動相對於市場其他部分放大），這可能意味着股價可能會繼續下跌，爲我們提供未來再次抄底的機會。這是基於其高beta值，這是股價波動性的一個良好指標。
What kind of growth will CarMax generate?
車美仕會產生什麼樣的增長？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for CarMax. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
如果你的投資組合正在尋求增長，可能要考慮公司前景後再購買它的股票。以便宜的價格購買未來前景強勁的偉大公司，總是不錯的投資。所以，讓我們也來看看該公司的未來預期。未來幾年預計利潤將翻倍，爲車美仕帶來了光明的前景。看起來股票的現金流將會更大，這應該能夠進一步提高其股票估值。
What This Means For You
這對您意味着什麼？
Are you a shareholder? KMX's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe KMX should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
你是股東嗎？KMX樂觀的未來增長似乎已經反映在目前的股價中，股價已經超過了同行業價格倍數。考慮到目前的價格，股東可能會有一個不同的問題——我應該賣出嗎？如果你認爲KMX應該低於當前的價格，那麼高價賣出，然後在價格降至行業市盈率時再買入，可能會是有利可圖的。但在做出這個決定之前，看看其基本面是否發生了變化。
Are you a potential investor? If you've been keeping tabs on KMX for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for KMX, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是潛在投資者嗎？如果你一直關注KMX，現在可能不是進入該股票的最佳時機。該價格已經超過了行業同行，這意味着可能不再有更多的錯價上漲空間。然而，樂觀的前景讓KMX值得深入研究其他因素，以便在未來價格下跌時抓住機會。
Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. You'd be interested to know, that we found 1 warning sign for CarMax and you'll want to know about it.
但要注意，關於分析股票時值得注意的風險。你會有興趣知道，我們發現了一個關於車美仕的警告信號，你需要了解一下。
If you are no longer interested in CarMax, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果你已不再對車美仕有興趣，你可以使用我們的免費平台，查看我們的超過50種其他高增長潛力的股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。