CarMax Inc with ticker code (KMX) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 195 and 87 calculating the average target price we see 141.08. With the stocks previous close at 103.82 this now indicates there is a potential upside of 35.9%. The 50 day moving average now sits at 105.46 while the 200 day moving average is 127.02. The company has a market capitalisation of $16,415m. Visit the company website at: https://www.carmax.com
The potential market cap would be $22,307m 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.
