CarMax Inc (NYSE:KMX) 52-Week Price Target At $61.56


Thomson Reuters, a distinguished research firm, has put a 52-week price target of $61.56 on CarMax Inc (NYSE:KMX) shares after it questioned top market analysts. Calculating projected earnings after factoring different elements, it is predicted to be $3.28 for the next fiscal and $N/A for in progress quarter.

Valuation Estimates

Analysts consider the price to earnings ratio to assess the firm’s valuation. This ratio, also known as the P/E ratio appraises the firm on relative expense factor. The method to estimate ratio is stock’s price/ per share earnings. CarMax Inc (NYSE:KMX)P/E ratio stands at 18.45.

In essence, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 20, the reading is that an investor is ready to pay $20 for $1 of present earnings.

Analysts work out Price/Earnings Growth ratio to assess the valuation of a firm. This ratio, commonly called as the PEG ratio hint at the stock’s valuation paralleled to earnings growth prospect. Investors want to invest in the stocks boasting a lower PEG ratio. For CarMax Inc, the PEG ratio for next 3-5 years is 1.21.

Technical Analysis

The technical study highlights that CarMax Inc current is trading $-2.05 points away or -3.51% from 50-day moving average of $58.51. It is trading $3.13 or +5.87% away 200-day moving average of $53.33.

The 52-week high of CarMax Inc (NYSE:KMX) was $62.96 while lowest point in 52-week was $41.25. It shows if stock price records a movement of over $-6.50, it will touch 52-week high. Conversely, in the case of +36.87% drop, it will hit a new 52-week low.

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