Carmax Inc KMX:NYSE

Last Price$84.83Cboe Previous Close - Real-Time Last Sale as of 4:00PM ET 7/19/19
Cboe Real-Time Quotes
Today's Change0(0.00%)
Bid (Size)$75.00 (1)
Ask (Size)$84.84 (4)
Day Low / HighN/A - N/A
Volume1.9 M

Analyst Actions: RBC Raises Price Target on CarMax to $86 From $78, Maintains Outperform Rating

11:11AM ET 5/01/2019 MT Newswires
RBC Capital said Wednesday it has raised CarMax (KMX) price target to $86 from $78, while reiterating its outperform rating.

While the broker said it believes the company has been adversely impacted by high used vehicle prices, market share losses to on-line competitors like Carvana and relatively poor "value" showings through the marketplace windows, industry prices are moderating, early omni-channel reception is strong and efforts to improve "price perception" are improving.

The broker said it reiterates its outperform rating given strong strategic positioning and a relatively inexpensive valuation.

Price: 78.66, Change: +0.80, Percent Change: +1.03