Barclays Reiterates Rating on CarMax, Inc. $KMX
Key Points
- Barclays now rates CarMax, Inc. ($KMX) "sell" with a $31.00 target.
- The Street's average $KMX price target is $42.69 (Hold).
- $KMX last traded around $51.25.
Barclays reiterated its rating on CarMax, Inc. ($KMX) to a "sell" rating, with a price target of $31.00 in a recent research note.
CarMax, Inc. ($KMX) Stock
CarMax, Inc. Earnings
Analysts Set New Price Targets
About CarMax, Inc.
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.
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