▲ +13.73% Upside Potential
This price target is based on 18 analysts offering 12 month price targets for CarMax in the last 3 months. The average price target is $103.44, with a high forecast of $130.00 and a low forecast of $73.00. The average price target represents a 13.73% upside from the last price of $90.95.
The current consensus among 18 polled investment analysts is to buy stock in CarMax.
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 29, 2020, it operated approximately 216 stores and 2 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.