After Robert W. Baird and Wedbush gave CarMax (NYSE: KMX) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel maintained a Buy rating on CarMax today. The company’s shares closed yesterday at $73.15.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 9.3% and a 65.0% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Lululemon Athletica Inc, and Dick’s Sporting Goods.
Currently, the analyst consensus on CarMax is a Strong Buy with an average price target of $87.67, which is a 19.8% upside from current levels. In a report issued on September 27, Robert W. Baird also upgraded the stock to Buy.
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The company has a one-year high of $81.67 and a one-year low of $57.05. Currently, CarMax has an average volume of 1.34M.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock.
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CarMax, Inc. is as a holding company, which engages in retailing of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segment.
