The Latest Analyst Ratings For CarMax
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for CarMax (NYSE:KMX) over the past three months, with a slight increase in the average 12-month price target. The company's financial performance shows challenges in revenue growth but strong profitability metrics.
September 17, 2024 | 2:01 pm
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CarMax has received mixed analyst ratings, with a slight increase in the average 12-month price target to $84.2. Analysts have maintained or raised their ratings, reflecting cautious optimism. Despite a decline in revenue growth, CarMax shows strong profitability metrics.
The mixed analyst ratings and slight increase in price target suggest a neutral short-term impact on CarMax's stock price. While the company faces revenue growth challenges, its strong profitability metrics provide a positive counterbalance. Analysts' actions, such as maintaining or raising ratings, indicate cautious optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100