CarMax (KMX, Financial), a leading retailer of used vehicles, has received a positive update from Morgan Stanley. Analyst Daniela Haigian has given CarMax a rating of "Overweight," indicating a favorable view on the company's stock prospects.
In addition to the updated rating, Morgan Stanley announced a price target of $80.00 for CarMax (KMX, Financial). This target reflects the analyst's confidence in the company's growth potential and market position. The price target is expressed in USD and represents the analyst's forward-looking estimates.
The announcement highlights Morgan Stanley's optimistic outlook for CarMax (KMX, Financial), suggesting that investors might consider the stock as a promising option in the automotive retail sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for CarMax Inc (KMX, Financial) is $84.01 with a high estimate of $122.13 and a low estimate of $52.00. The average target implies an upside of 21.17% from the current price of $69.33. More detailed estimate data can be found on the CarMax Inc (KMX) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, CarMax Inc's (KMX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CarMax Inc (KMX, Financial) in one year is $77.71, suggesting a upside of 12.09% from the current price of $69.33. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CarMax Inc (KMX) Summary page.
