What 8 Analyst Ratings Have To Say About CarMax
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for CarMax (NYSE:KMX) show a mix of opinions, with an average 12-month price target of $84.62, up 14.74% from the previous target. The ratings reflect varied sentiments, from bullish to bearish, with recent actions including ratings maintenance and adjustments to price targets. CarMax, a leading used-vehicle retailer, faces a revenue decline of -5.49% over the last 3 months but showcases strong financial performance with above-average net margin, ROE, and ROA.
April 08, 2024 | 5:00 pm
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POSITIVE IMPACT
CarMax has received mixed analyst ratings with an updated average 12-month price target of $84.62, indicating a positive sentiment shift. Despite a recent revenue decline, the company's strong financial metrics suggest resilience.
The positive shift in the average price target suggests analysts see potential for CarMax's stock price to rise, despite recent revenue challenges. The company's strong net margin, ROE, and ROA, along with its significant market presence, contribute to a positive outlook. However, the recent revenue decline and the mixed nature of analyst ratings introduce some uncertainty, hence the importance and confidence scores.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100