CarMax Inc with ticker code (KMX) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 195 and 87 calculating the mean target price we have 146.91. Given that the stocks previous close was at 109.94 this now indicates there is a potential upside of 33.6%. The 50 day moving average now sits at 132.91 and the 200 day moving average is 131.12. The company has a market cap of $17,421m. Company Website: https://www.carmax.com
The potential market cap would be $23,279m based on the market concensus.
CarMax, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in 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; 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 whole 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, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax was founded in 1993 and is based in Richmond, Virginia.
