CarMax Inc (KMX) Receives ‘Analyst’ Rating

CarMax Inc (KMX) : The consensus on CarMax Inc (KMX) based on 12 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CarMax Inc (KMX) : The most positive equity analysts on CarMax Inc (KMX) expects the shares to touch $70, whereas, the least positive believes that the stock will trade at $52 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $61.56 with an expected fluctuation of $6.67 from the mean.


Also, Buckingham Research downgrades its rating on CarMax Inc (NYSE:KMX). Analysts at the Buckingham Research have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on September 9, 2016.

CarMax Inc (NYSE:KMX): After opening at $56.74, the stock dipped to an intraday low of $56.5061 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.32 and the buying power remained strong till the end. The stock closed at $56.9 for the day, a gain of 0.30% for the day session. The total traded volume was 2,353,182. The stocks close on the previous trading day was $56.73.

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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