CarMax is Well-Positioned to Continue Taking Share of the Fragmented Used Car Market

Analysts at RBC Capital provided their outlook on CarMax, Inc. (NYSE:KMX), noting that the company, the market leader in a highly fragmented industry of used cars, is well-positioned for continued share gains with omni-channel capabilities now broadly available and stepped-up advertising driving increased consumer awareness.

The pace of new car production and its resulting impact on the used car market will undoubtedly have a material impact on how the company’s shares will perform in the near future. However, given that currently nobody really knows when new car inventory will improve, the analysts lowered their price target to $140 from $157.