Brokerage Firm Rating on CarMax Inc (KMX)

CarMax Inc (KMX) : 5 brokerage houses believe that CarMax Inc (KMX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CarMax Inc (KMX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.15.

CarMax Inc (KMX) : 9 Wall Street analysts covering CarMax Inc (KMX) believe that the average level the stock could reach for the short term is $59.67. The maximum price target given is $70 and the minimum target for short term is around $44, hence the standard deviation is calculated at $8.63.


For the current week, the company shares have a recommendation consensus of Buy. CarMax Inc (NYSE:KMX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.91 and $58.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.17, notching a gain of 1.39% for the day. The total traded volume was 2,089,834 . The stock had closed at $58.36 on the previous day.

In a related news, Hill Edwin J, officer (EVP) of Carmax Inc, unloaded 51,875 shares at an average price of $57.59 on July 25, 2016. The total amount of the transaction was worth $2,987,481, according to the disclosed information 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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