Breaking Down CarMax: 12 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
CarMax (NYSE:KMX) has received mixed analyst ratings over the past three months, with a slight increase in the average 12-month price target. Analysts have varied in their recommendations, with some raising and others lowering their price targets. CarMax faces revenue challenges but maintains strong net margins and effective asset utilization.
October 03, 2024 | 3:01 pm
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CarMax has received a mix of bullish and bearish analyst ratings, with a slight increase in the average 12-month price target to $82.17. The company faces revenue challenges but maintains strong net margins and effective asset utilization.
The mixed analyst ratings indicate uncertainty in the market's perception of CarMax's future performance. The slight increase in the average price target suggests some optimism, but the revenue challenges and lower ROE compared to industry benchmarks may offset this. The strong net margin and effective asset utilization are positive indicators, but the overall impact on the stock price in the short term is likely neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100