After Robert W. Baird and RBC Capital 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 and set a price target of $87.00. The company’s shares closed last Thursday at $50.20.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.5% and a 60.1% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.
CarMax has an analyst consensus of Strong Buy, with a price target consensus of $89.50, implying an 82.6% upside from current levels. In a report issued on March 30, Morgan Stanley also maintained a Buy rating on the stock with a $82.00 price target.
See today’s analyst top recommended stocks >>
CarMax’s market cap is currently $8.55B and has a P/E ratio of 10.40. The company has a Price to Book ratio of 2.38.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KMX in relation to earlier this year. Most recently, in February 2020, Shira Goodman, a Director at KMX bought 2,870 shares for a total of $133,886.
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 the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.
Read More on KMX:
