CarMax Inc (KMX) Receives Price Target

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 $60.89 with an expected fluctuation of $6.7 from the mean.

CarMax Inc (KMX) has an average broker rating of 2.08, which is interpreted as a Buy, as rated by 12 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 6 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.


Also, Susquehanna initiates coverage on CarMax Inc (NYSE:KMX). The rating major has initiated the coverage with positive rating on the shares. The Analysts at Susquehanna announces a current price target of $70 per share. The rating by the firm was issued on August 25, 2016.

CarMax Inc (NYSE:KMX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.03 and $58.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.01, notching a gain of 0.10% for the day. The total traded volume was 1,139,066 . The stock had closed at $58.95 on the previous day.

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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