Price Target Update on CarMax Inc (NYSE:KMX)

CarMax Inc (NYSE:KMX) : Average target price received by CarMax Inc (NYSE:KMX) is $61.8 with an expected standard deviation of $10.88. The most aggressive target on the stock is $83, whereas the most downbeat target is $44. 10 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of CarMax Inc (NYSE:KMX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $67 per share from a prior target of $72. The rating by the firm was issued on April 8, 2016.

CarMax Inc (NYSE:KMX): stock turned positive on Thursday. Though the stock opened at $47.21, the bulls momentum made the stock top out at $48.19 level for the day. The stock recorded a low of $46.865 and closed the trading day at $46.98, in the green by 1.03%. The total traded volume for the day was 3,706,080. The stock had closed at $46.5 in the previous days trading.

The company shares have dropped -31.69% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $68.99 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $51.17 and the 200 Day Moving Average price is recorded at $50.29. On the companys insider trading activities,The director officer (CEO) of Carmax Inc, Folliard Thomas J sold 18,906 shares at $52.27 on May 2, 2016. The Insider selling transaction had a total value worth of $988,217. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CarMax, Inc. (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Companys CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. The CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. The Companys CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The CAF products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit.

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