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Zacks Investment Research issued a report on CarMax, Inc (NYSE:KMX), bumping up its stock price target to $59.00 earlier today

Boasting a price of $52.62, CarMax, Inc (NYSE:KMX) traded -0.73% lower on the day. With the last stock price down -1.92% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $56.71 and a two hundred day average of $53.74. Volume of trade was down over the average, with 447,187 shares of KMX changing hands under the typical 2,228,490

Zacks Investment Research bumped up the target of CarMax, Inc (NYSE:KMX) to $59.00 stating a potential upside of 0.12%.

On Thursday September 22, 2016, Deutsche Bank released a statement for CarMax, Inc (NYSE:KMX) bumped up the target price from $65.00 to $66.00 that suggested an upside of 0.20%.

Performance Chart

CarMax, Inc (NYSE:KMX)

With a total market value of $0, CarMax, Inc has price-earnings ratio of 17.14 with a one year low of $41.25 and a one year high of $60.81 .

A total of 17 equity analysts have released a research note on KMX. Six equity analysts rating the company a strong buy, six equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $60.71.

More About 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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