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CarMax (NYSE:KMX) target price raised to $80.00, released a report earlier today by Oppenheimer

Just yesterday CarMax (NYSE:KMX) traded 0.42% higher at $68.34. CarMax’s 50-day moving average is $66.04 and its 200-day moving average is $62.67. The last stock price is up 9.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 377,656 shares of KMX traded hands, down from an average trading volume of 1,978,580

Reporting a potential upside of 0.17%, Oppenheimer upped the price target of CarMax (NYSE:KMX) to $80.00

Recent Performance Chart

CarMax (NYSE:KMX)

CarMax has 52 week low of $47.50 and a 52 week high of $69.92 with a PE ratio of 19.71 and has a market capitalization of $0.

In addition to Oppenheimer reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $60.71 with 6 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On CarMax (NYSE:KMX)

CarMax, Inc. (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company's CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. The Company's CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The Company operates approximately 160 used car stores in over 70 metropolitan markets. The Company's products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit. The Company's CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. CAF operates in the auto finance sector of the consumer finance market.

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