Do Analysts Agree Wednesday on CarMax, Inc (KMX) Stock's Target Price?

Wednesday, November 29, 2023 03:05 PM | InvestorsObserver Analysts

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Wall Street is positive on CarMax, Inc (KMX). On average, analysts give the stock a Buy rating. The average price target is $78.333, which means analysts expect the stock to increase by 24.04% over the next twelve months. That average ranking earns the stock an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating KMX a Buy today. Find out what this means to you and get the rest of the rankings on KMX!
See Full KMX Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With CarMax, Inc Stock Today?

CarMax, Inc (KMX) stock is lower by -0.83% while the S&P 500 is higher by 0.1% as of 3:02 PM on Wednesday, Nov 29. KMX is lower by -$0.53 from the previous closing price of $63.68 on volume of 1,178,478 shares. Over the past year the S&P 500 is higher by 15.20% while KMX is lower by -5.91%. KMX earned $2.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.11. Click Here to get the full Stock Report for CarMax, Inc stock.

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