CarMax Inc with ticker code (KMX) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 81 and 26 and has a mean target at 61.64. Given that the stocks previous close was at 60.64 this is indicating there is a potential upside of 1.6%. The day 50 moving average is 64.72 and the 200 day moving average is 83.75. The company has a market capitalisation of $10,290m. You can visit the company’s website by visiting: https://www.carmax.com
The potential market cap would be $10,460m based on the market concensus.
CarMax, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax was founded in 1993 and is based in Richmond, Virginia.
