Zacks Rating on CarMax Inc (KMX)

CarMax Inc (KMX) : 12 analysts are covering CarMax Inc (KMX) and their average rating on the stock is 2.08, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CarMax Inc (KMX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CarMax Inc (KMX) : The consensus price target for CarMax Inc (KMX) is $60.89 for the short term with a standard deviation of $6.7. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $70, however, the pessimist price target for the company is $52.


CarMax Inc. has dropped 1.78% in the last five trading days, however, the shares have posted positive gains of 2.23% in the last 4 weeks. CarMax Inc. is up 11.72% in the last 3-month period. Year-to-Date the stock performance stands at 9.49%. CarMax Inc (NYSE:KMX): stock turned positive on Tuesday. Though the stock opened at $59.4, the bulls momentum made the stock top out at $59.78 level for the day. The stock recorded a low of $59.02 and closed the trading day at $59.09, in the green by 0.27%. The total traded volume for the day was 1,703,553. The stock had closed at $58.93 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.