CarMax (KMX) Gets a Hold Rating from Needham

In a report released today, Chris Pierce from Needham reiterated a Hold rating on CarMax (KMXResearch Report). The company’s shares closed last Wednesday at $90.60, close to its 52-week low of $84.37.

According to, Pierce has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -48.4% and a 2.7% success rate. Pierce covers the Technology sector, focusing on stocks such as Esports Technologies, CarGurus, and TrueCar.

CarMax has an analyst consensus of Moderate Buy, with a price target consensus of $115.75.

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The company has a one-year high of $155.98 and a one-year low of $84.37. Currently, CarMax has an average volume of 1.82M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KMX in relation to earlier this year.

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CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.

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