CarMax Inc with ticker code (KMX) have now 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 165 and 74 and has a mean target at 113.86. Given that the stocks previous close was at 98.23 this now indicates there is a potential upside of 15.9%. The day 50 moving average is 94.98 and the 200 day moving average is 118.47. The company has a market capitalisation of $16,376m. Company Website: https://www.carmax.com
The potential market cap would be $18,982m 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.
