CarMax, Inc. (NYSE:KMX) is a leading company in the used vehicle retail market in the United States. It offers a wide range of vehicles and related services, making it a significant player in the industry. Analysts closely monitor CarMax's stock, and their consensus price targets provide valuable insights into market expectations.
Over the past year, the consensus price target for CarMax's stock has experienced some changes. Last year, the average price target was approximately $82.67. This figure reflected analysts' expectations for the stock's performance, considering the company's market position and financial health.
In the last quarter, the average price target remained steady at $90. This suggests that analysts maintained a positive outlook on CarMax's potential, possibly due to consistent performance or favorable market conditions. The stability in the price target over the last month, holding at $90, indicates that analysts' expectations have not changed significantly in the short term.
CarMax is preparing to announce its fourth-quarter earnings, with the Zacks Consensus Estimate predicting earnings of 64 cents per share and revenues of $5.97 billion. Analyst Michael Montani from Evercore ISI has set a price target of $105 for CarMax, reflecting a more optimistic view of the company's future prospects.
As CarMax gears up for its earnings report, investors and analysts are closely watching these figures to gauge the company's financial health and future prospects. The increase in the price target from $82.67 a year ago to $90 in recent months suggests growing confidence in CarMax's business model and market prospects.
