What Analysts Are Saying About CarMax Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on CarMax (NYSE:KMX), with recent ratings showing a shift towards a more cautious stance. The average 12-month price target is $78.00, indicating a 19.39% increase from the previous target. CarMax's financial performance shows a decline in revenue growth but strong profitability metrics. The company is the largest used-vehicle retailer in the U.S., aiming for over 5% market share by 2025.
March 19, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Analysts have mixed opinions on CarMax, with a cautious shift in ratings but an increased average price target of $78.00. Despite a revenue decline, CarMax shows strong profitability and aims for market share growth.
The mixed analyst ratings combined with an increased price target suggest a cautious but optimistic outlook for CarMax. The company's strong profitability metrics and market share growth ambitions support a positive short-term impact on the stock price. However, the recent decline in revenue growth introduces some caution, balancing the overall positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100