CarMax traded at $51.55 this Friday October 23rd, decreasing $1.41 or 2.66 percent since the previous trading session. Looking back, over the last four weeks, CarMax lost 8.53 percent. Over the last 12 months, its price rose by 16.47 percent. Looking ahead, we forecast CarMax to be priced at 52.20 by the end of this quarter and at 48.97 in one year, according to Trading Economics global macro models projections and analysts expectations.
CarMax, Inc. (CarMax) is a holding company. CarMax is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company's CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. CarMax's CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. CarMax operates approximately 225 used car stores in over 106 United States television markets. The Company's products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit. The Company's CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. CAF operates in the auto finance sector of the consumer finance market.