CarMax Stock Target Price and Analyst Consensus
| KMX Stock | USD 70.27 0.58 0.83% |
The current analyst and expert consensus on CarMax is Buy with 7 hold recommendations. The current projected CarMax target price consensus is 77.25 with 20 analyst opinions. One of the most common ways CarMax Inc analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to CarMax vendors, executives, and/or customers. CarMax recommendation module provides expert sentiment on the projected CarMax Inc target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on CarMax to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 70.3 | Highest Forecast 85.75 | Target Price 77.25 |
CarMax |
It's important to approach CarMax's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize CarMax price targets
CarMax's stock target price is an estimate of its future price, usually made by analysts. Using CarMax's target price to determine if it is a suitable investment can be done through the following steps:- Look at CarMax's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if CarMax's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional CarMax Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of CarMax is a key component of CarMax valuation and have some predictive power on the future returns of a CarMax.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CarMax's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on CarMax to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for CarMax Stock analysis
When running CarMax's price analysis, check to measure CarMax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.
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The data published in CarMax's official financial statements usually reflect CarMax's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of CarMax Inc. For example, before you start analyzing numbers published by CarMax accountants, it's critical to develop an understanding of what CarMax's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of CarMax's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CarMax's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in CarMax's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of CarMax Inc. Please utilize our Beneish M Score to check the likelihood of CarMax's management manipulating its earnings.