Short Term Price Target on CarMax Inc (KMX)

CarMax Inc (NYSE:KMX) : The most positive equity analysts on CarMax Inc (NYSE:KMX) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $61.4 with an expected fluctuation of $10.91 from the mean.

Shares of CarMax Inc. appreciated by 4.36% during the last five trading days but lost 5.87% on a 4-week basis. CarMax Inc. has dropped 5.26% during the last 3-month period . Year-to-Date the stock performance stands at -9.15%.

CarMax Inc (NYSE:KMX) has an average broker rating of 2.15, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CarMax Inc (NYSE:KMX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.91 and $47.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.03, notching a gain of 2.10% for the day. The total traded volume was 3,445,983 . The stock had closed at $48.02 on the previous day.

In an insider trading activity,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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