CarMax Inc (NYSE:KMX) traded at a new 52-week high today of $136.45. This new high was reached on below average trading volume as 235,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
CarMax sells, finances, and services used and new cars through a chain of 220 used retail stores plus two new vehicle stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales account for about 85% of revenue, wholesale about 12%, and the remaining portion is composed of extended service plans and repair. In fiscal 2020, the company retailed and wholesaled 832,640 and 466,177 used vehicles, respectively.
Potential upside of 17.5% exists for CarMax Inc, based on a current level of $133.80 and analysts’ average consensus price target of $157.24.
In the past 52 weeks, CarMax Inc share prices are bracketed by a low of $47.06 and a high of $136.45 and is now at $133.80, 184% above that low price.
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