Deutsche Bank issued a report on Carmax Inc (NYSE:KMX), boosting its price target to $66.00 earlier today
- Updated: September 22, 2016
Yesterday Carmax Inc (NYSE:KMX) traded 0.62% higher at $54.81. Carmax Inc’s 50-day average is $58.32 and its two hundred day average is $53.57. With the last close up 2.60% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 507,568 shares of KMX changing hands under the typical 2,447,480
Deutsche Bank upped the target price of Carmax Inc (NYSE:KMX) to $66.00 stating a potential upside of 0.20%.
Previously on 9/13/2016, Zacks Investment Research reported on Carmax Inc (NYSE:KMX) increased the target price from $0.00 to $64.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
Carmax Inc has 52 week low of $41.25 and a 52 week high of $60.81 with a PE ratio of 17.96 and has a market capitalization of $0.
In addition to Deutsche Bank 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 Inc (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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