Oppenheimer analyst Brian Nagel maintained a Buy rating on CarMax (KMX – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $72.98.
According to TipRanks, Nagel is a top 100 analyst with an average return of 21.4% and a 66.20% success rate. Nagel covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Dick’s Sporting Goods, and WW International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CarMax with a $77.83 average price target, representing a 6.65% upside. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $90.00 price target.
KMX market cap is currently $11.48B and has a P/E ratio of 24.17.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KMX in relation to earlier this year. Last month, Diane L Cafritz, the EVP, GC & CCO of KMX sold 15,356.00 shares for a total of $1,067,702.68.
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CarMax (KMX) Company Description:
CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.
