In a report released today, Brian Nagel from Oppenheimer assigned a Buy rating to CarMax (KMX), with a price target of $130.00. The company’s shares closed last Monday at $133.48, close to its 52-week high of $136.43.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 37.8% and a 78.1% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, The Lovesac Company, and Lululemon Athletica.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarMax with a $135.00 average price target.
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The company has a one-year high of $136.43 and a one-year low of $47.06. Currently, CarMax has an average volume of 1.29M.
Based on the recent corporate insider activity of 71 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 January 2021, Edwin Hill, the EVP & COO of KMX sold 35,000 shares for a total of $4,224,583.
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.
