In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on CarMax (KMX). The company’s shares closed on Friday at $59.19, close to its 52-week low of $55.24.
According to TipRanks.com, Nagel is a 4-star analyst with an average return of 5.8% and a 59.5% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CarMax with a $68.60 average price target.
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Based on CarMax’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $190 million. In comparison, last year the company had a net profit of $149 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMX in relation to earlier this year. Last month, William Tiefel, a Director at KMX bought 4,897 shares for a total of $123,013.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
