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CarMax - KMX Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $79.73
  • Forecasted Upside: 4.00%
  • Number of Analysts: 13
  • Breakdown:
  • 3 Sell Ratings
  • 4 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$76.66 As of 11/20/2024 01:00 AM ET
▲ +1.36 (1.81%)

This chart shows the closing price for KMX by one month, three months, or twelve months.

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Analyst Price Target for KMX

Analyst Price Target is $79.73
▲ +4.00% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for CarMax in the last 3 months. The average price target is $79.73, with a high forecast of $105.00 and a low forecast of $50.00. The average price target represents a 4.00% upside from the last price of $76.66.

This chart shows the closing price for KMX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 13 contributing investment analysts is to hold stock in CarMax. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
5/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 2 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
8/22/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 3 sell ratings
Ratings as of
10/21/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 3 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 3 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/17/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$76.00 ➝ $79.00
10/16/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$82.00 ➝ $82.00
10/16/2024WedbushReiterated RatingOutperform ➝ Outperform$95.00 ➝ $95.00
10/16/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$90.00 ➝ $90.00
10/4/2024OppenheimerReiterated RatingOutperform ➝ Outperform$105.00 ➝ $105.00
10/3/2024Evercore ISILower TargetIn-Line ➝ In-Line$79.00 ➝ $76.00
9/27/2024BNP ParibasUpgradeStrong Sell
9/27/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$75.00 ➝ $82.00
9/27/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$76.00 ➝ $79.00
9/27/2024Needham & Company LLCBoost TargetBuy ➝ Buy$87.00 ➝ $90.00
9/23/2024Truist FinancialBoost TargetHold ➝ Hold$70.00 ➝ $75.00
9/19/2024JPMorgan Chase & Co.Boost TargetUnderweight ➝ Underweight$55.00 ➝ $65.00
9/17/2024WedbushReiterated RatingOutperform ➝ Outperform$95.00 ➝ $95.00
8/16/2024WedbushReiterated RatingOutperform ➝ Outperform$95.00 ➝ $95.00
7/17/2024WedbushBoost TargetOutperform ➝ Outperform$85.00 ➝ $95.00
7/16/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$68.00 ➝ $72.00
6/25/2024ArgusUpgradeHold
6/24/2024OppenheimerReiterated RatingOutperform ➝ Outperform$105.00 ➝ $105.00
6/24/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$73.00 ➝ $75.00
6/24/2024Truist FinancialBoost TargetHold ➝ Hold$66.00 ➝ $70.00
6/24/2024Needham & Company LLCLower TargetBuy ➝ Buy$91.00 ➝ $87.00
6/21/2024Morgan StanleyReiterated RatingOverweight ➝ Overweight$80.00 ➝ $80.00
6/20/2024Evercore ISILower TargetIn-Line ➝ In-Line$73.00 ➝ $68.00
6/18/2024Truist FinancialLower TargetHold ➝ Hold$72.00 ➝ $66.00
6/18/2024MizuhoLower TargetNeutral ➝ Neutral$75.00 ➝ $72.00
6/18/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00 ➝ $90.00
6/6/2024Evercore ISILower TargetIn-Line ➝ In-Line$72.00 ➝ $68.00
5/16/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00
4/16/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00
4/15/2024JPMorgan Chase & Co.Lower TargetUnderweight ➝ Underweight$60.00 ➝ $55.00
4/12/2024Evercore ISILower TargetIn-Line ➝ In-Line$85.00 ➝ $74.00
4/12/2024Truist FinancialLower TargetHold ➝ Hold$75.00 ➝ $72.00
4/12/2024Robert W. BairdLower TargetOutperform ➝ Outperform$88.00 ➝ $84.00
4/12/2024MizuhoLower TargetNeutral ➝ Neutral$80.00 ➝ $75.00
4/12/2024Needham & Company LLCLower TargetBuy ➝ Buy$99.00 ➝ $91.00
4/9/2024OppenheimerReiterated RatingOutperform ➝ Outperform$105.00
4/8/2024Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$83.00
4/2/2024WedbushBoost TargetOutperform ➝ Outperform$90.00 ➝ $100.00
3/26/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$78.00 ➝ $85.00
3/20/2024Needham & Company LLCUpgradeHold ➝ Buy$99.00
3/19/2024MizuhoInitiated CoverageNeutral$80.00
2/29/2024Bank of AmericaBoost TargetUnderperform ➝ Underperform$44.00 ➝ $50.00
2/16/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00
1/17/2024WedbushReiterated RatingOutperform ➝ Outperform$90.00
12/22/2023Truist FinancialBoost TargetHold ➝ Hold$72.00 ➝ $75.00
12/22/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$80.00 ➝ $83.00
12/20/2023WedbushBoost TargetOverweight ➝ Overweight$80.00 ➝ $90.00
11/29/2023JPMorgan Chase & Co.Lower TargetUnderweight ➝ Underweight$70.00 ➝ $60.00
11/16/2023WedbushLower TargetOutperform ➝ Outperform$90.00 ➝ $80.00
10/31/2023WedbushReiterated RatingOutperform ➝ Outperform$90.00
10/18/2023Truist FinancialReiterated RatingHold ➝ Hold$72.00
10/18/2023WedbushReiterated RatingOutperform ➝ Outperform$90.00
9/29/2023Truist FinancialLower TargetHold ➝ Hold$82.00 ➝ $72.00
9/29/2023Royal Bank of CanadaLower TargetOutperform ➝ Outperform$90.00 ➝ $80.00
9/29/2023StephensLower TargetEqual Weight ➝ Equal Weight$78.00 ➝ $70.00
9/29/2023Robert W. BairdLower TargetOutperform ➝ Outperform$96.00 ➝ $88.00
9/25/2023Evercore ISILower TargetIn-Line ➝ In-Line$80.00 ➝ $79.00
9/25/2023WedbushUpgradeNeutral ➝ Outperform$85.00 ➝ $90.00
9/19/2023WedbushReiterated RatingNeutral ➝ Neutral$85.00
8/17/2023Robert W. BairdBoost TargetOutperform ➝ Outperform$90.00 ➝ $96.00
8/17/2023WedbushReiterated RatingNeutral ➝ Neutral$85.00
7/14/2023OppenheimerBoost TargetOutperform$85.00 ➝ $105.00
6/28/2023Morgan StanleyBoost Target$75.00 ➝ $80.00
6/26/2023Truist FinancialBoost Target$64.00 ➝ $82.00
6/26/2023Royal Bank of CanadaBoost Target$70.00 ➝ $90.00
6/26/2023Evercore ISIBoost Target$76.00 ➝ $83.00
6/26/2023WedbushBoost Target$70.00 ➝ $85.00
6/26/2023JPMorgan Chase & Co.Boost Target$55.00 ➝ $60.00
6/12/2023Northcoast ResearchDowngradeBuy ➝ Neutral
4/24/2023WedbushBoost Target$55.00 ➝ $70.00
4/14/2023OppenheimerBoost TargetOutperform$75.00 ➝ $85.00
4/13/2023Bank of AmericaBoost TargetUnderperform$40.00 ➝ $44.00
4/13/2023Royal Bank of CanadaBoost TargetOutperform$60.00 ➝ $70.00
4/12/2023WedbushReiterated RatingNeutral$55.00
4/12/2023Truist FinancialLower TargetHold$66.00 ➝ $64.00
4/12/2023Robert W. BairdBoost Target$65.00 ➝ $80.00
3/31/2023StephensLower TargetEqual Weight$53.00 ➝ $51.00
3/16/2023WedbushReiterated RatingNeutral$55.00
3/10/2023JPMorgan Chase & Co.Lower TargetUnderweight$60.00 ➝ $55.00
2/23/2023Truist FinancialInitiated CoverageHold$66.00
1/11/2023JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$60.00
1/5/2023ArgusDowngradeBuy ➝ Hold
12/28/2022Morgan StanleyLower TargetOverweight$90.00 ➝ $75.00
12/23/2022OppenheimerLower TargetOutperform$100.00 ➝ $75.00
12/23/2022Evercore ISILower TargetIn-Line$63.00 ➝ $60.00
12/23/2022StephensLower Target$64.00 ➝ $53.00
12/23/2022Robert W. BairdLower Target$82.00 ➝ $65.00
12/23/2022Bank of AmericaLower TargetUnderperform$100.00 ➝ $49.00
12/20/2022WedbushLower Target$67.00 ➝ $55.00
11/18/2022JPMorgan Chase & Co.Lower TargetNeutral$70.00 ➝ $60.00
11/17/2022WedbushLower Target$67.00
10/4/2022Morgan StanleyLower TargetOverweight$124.00 ➝ $90.00
10/3/2022StephensDowngradeOverweight ➝ Equal Weight$105.00 ➝ $64.00
9/30/2022OppenheimerLower TargetOutperform$125.00 ➝ $100.00
9/30/2022Evercore ISILower Target$90.00 ➝ $73.00
9/30/2022WedbushLower TargetNeutral$105.00 ➝ $70.00
9/30/2022Royal Bank of CanadaLower TargetOutperform$108.00 ➝ $72.00
9/30/2022Robert W. BairdLower TargetOutperform$120.00 ➝ $82.00
9/29/2022StephensLower Target$105.00
9/9/2022JPMorgan Chase & Co.Lower TargetNeutral$100.00 ➝ $95.00
9/9/2022Bank of AmericaDowngradeNeutral ➝ Underperform$146.00 ➝ $100.00
7/14/2022Morgan StanleyLower TargetOverweight$140.00 ➝ $124.00
6/27/2022Royal Bank of CanadaBoost TargetOutperform$104.00 ➝ $108.00
6/27/2022WedbushBoost TargetNeutral$90.00 ➝ $105.00
6/7/2022JPMorgan Chase & Co.Lower Target$110.00 ➝ $105.00
5/2/2022Needham & Company LLCInitiated CoverageHold
4/13/2022Royal Bank of CanadaLower TargetOutperform$140.00 ➝ $104.00
4/13/2022WedbushLower Target$95.00 ➝ $90.00
4/13/2022Robert W. BairdLower Target$140.00 ➝ $120.00
4/13/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$130.00 ➝ $110.00
4/8/2022Royal Bank of CanadaReiterated RatingBuy$140.00
4/8/2022OppenheimerLower TargetOutperform ➝ Outperform$158.00 ➝ $125.00
4/6/2022Bank of AmericaDowngradeBuy ➝ Neutral$195.00 ➝ $165.00
4/4/2022Robert W. BairdLower TargetOutperform ➝ Outperform$170.00 ➝ $140.00
3/11/2022WedbushLower Target$100.00 ➝ $95.00
1/28/2022Citic SecuritiesInitiated CoverageBuy$130.00
1/27/2022Seaport Res PtnUpgradeNeutral ➝ Buy
1/27/2022Royal Bank of CanadaLower Target$157.00 ➝ $140.00
12/30/2021Robert W. BairdBoost TargetOutperform$150.00 ➝ $170.00
12/23/2021Royal Bank of CanadaBoost TargetOutperform$156.00 ➝ $157.00
12/7/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$140.00 ➝ $160.00
11/16/2021WedbushBoost TargetAverage ➝ Neutral$135.00 ➝ $160.00
10/1/2021Morgan StanleyReiterated RatingBuy$165.00
10/1/2021Wolfe ResearchUpgradeBuy$160.00
10/1/2021GuggenheimDowngradeBuy ➝ Neutral
10/1/2021Royal Bank of CanadaLower TargetOutperform$160.00 ➝ $156.00
10/1/2021Robert W. BairdBoost TargetOutperform$140.00 ➝ $150.00
9/23/2021WedbushBoost TargetNeutral$130.00 ➝ $150.00
7/16/2021Bank of AmericaBoost TargetBuy ➝ Buy$150.00 ➝ $200.00
6/28/2021StephensBoost TargetOverweight$154.00 ➝ $163.00
6/28/2021Royal Bank of CanadaBoost TargetOutperform$148.00 ➝ $160.00
6/28/2021Robert W. BairdBoost TargetOutperform$125.00 ➝ $140.00
6/28/2021JPMorgan Chase & Co.Boost TargetNeutral$115.00 ➝ $120.00
5/25/2021WedbushReiterated RatingOutperform ➝ Neutral$155.00 ➝ $130.00
5/19/2021WedbushDowngradeOutperform ➝ Neutral$155.00 ➝ $130.00
4/9/2021OppenheimerBoost TargetOutperform$130.00 ➝ $153.00
4/5/2021Royal Bank of CanadaBoost TargetOutperform$140.00 ➝ $148.00
4/5/2021StephensBoost TargetOverweight$130.00 ➝ $154.00
4/5/2021Robert W. BairdBoost TargetOutperform$110.00 ➝ $130.00
2/17/2021WedbushBoost TargetOutperform$120.00 ➝ $140.00
1/19/2021Northcoast ResearchUpgradeNeutral ➝ Buy$130.00
12/28/2020ArgusBoost Target$105.00 ➝ $110.00
12/23/2020Morgan StanleyLower TargetOverweight$165.00
12/23/2020OppenheimerInitiated CoverageBuy$130.00
12/9/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$115.00
11/17/2020Bank of AmericaLower TargetBuy$130.00 ➝ $121.00
10/16/2020WedbushReiterated RatingOutperform
10/15/2020Bank of AmericaLower TargetBuy$135.00 ➝ $130.00
10/5/2020Exane BNP ParibasInitiated CoverageUnderperform$73.00
10/5/2020BNP ParibasInitiated CoverageUnderperform$73.00
9/25/2020Robert W. BairdBoost TargetOutperform$100.00 ➝ $110.00
9/24/2020OppenheimerReiterated RatingBuy$130.00
9/23/2020Bank of AmericaBoost TargetBuy$130.00 ➝ $135.00
9/22/2020Royal Bank of CanadaBoost Target$100.00 ➝ $110.00
8/18/2020WedbushBoost TargetOutperform$100.00 ➝ $120.00
8/12/2020GuggenheimBoost TargetPositive ➝ Buy$106.00 ➝ $114.00
7/2/2020OppenheimerBoost TargetOutperform$87.00 ➝ $108.00
6/23/2020ArgusBoost TargetBuy$75.00 ➝ $105.00
6/22/2020Royal Bank of CanadaBoost TargetOutperform$80.00 ➝ $100.00
6/22/2020StephensBoost TargetOverweight$82.00 ➝ $103.00
6/22/2020Morgan StanleyBoost TargetOverweight$89.00 ➝ $116.00
6/19/2020OppenheimerInitiated CoverageBuy$87.00
6/16/2020WedbushBoost TargetPositive ➝ Outperform$90.00 ➝ $100.00
6/1/2020JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Overweight$105.00
5/12/2020WedbushUpgradeNeutral ➝ Outperform$70.00 ➝ $90.00
4/24/2020OppenheimerInitiated CoverageBuy$87.00
4/14/2020WedbushBoost TargetNeutral$53.00 ➝ $70.00
4/3/2020OppenheimerLower TargetOutperform$118.00 ➝ $87.00
4/3/2020Royal Bank of CanadaLower TargetOutperform$62.00 ➝ $58.00
4/3/2020WedbushLower TargetSell ➝ Neutral$90.00 ➝ $53.00
4/3/2020StephensLower TargetOverweight$115.00 ➝ $82.00
4/3/2020Credit Suisse GroupLower TargetOutperform$100.00 ➝ $76.00
4/2/2020CfraLower TargetStrong-Buy$115.00 ➝ $75.00
3/30/2020Morgan StanleyLower TargetOverweight$112.00 ➝ $82.00
2/6/2020Evercore ISIInitiated CoverageOutperform
1/2/2020StephensReiterated RatingBuy$115.00
12/26/2019ArgusBoost TargetBuy$100.00 ➝ $110.00
12/24/2019Credit Suisse GroupBoost TargetOutperform$95.00 ➝ $100.00
12/23/2019Morgan StanleyBoost TargetOverweight$107.00 ➝ $112.00
12/23/2019WedbushReiterated RatingSell ➝ Neutral$80.00 ➝ $90.00
12/18/2019Royal Bank of CanadaBoost TargetOutperform$105.00 ➝ $108.00
12/18/2019Buckingham ResearchBoost TargetNeutral$96.00 ➝ $102.00
12/16/2019OppenheimerBoost TargetOutperform$100.00 ➝ $118.00
12/6/2019William BlairReiterated RatingBuy
12/4/2019Morgan StanleyBoost TargetOverweight$97.00 ➝ $107.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

1.17 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 25 very positive mentions
  • 36 positive mentions
  • 23 negative mentions
  • 4 very negative mentions
Mentions as of
4/25/2024
  • 26 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 25 very positive mentions
  • 12 positive mentions
  • 5 negative mentions
  • 1 very negative mentions
Mentions as of
6/24/2024
  • 21 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
7/24/2024
  • 19 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 26 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 32 very positive mentions
  • 35 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2024
  • 17 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024

Current Sentiment

  • 17 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

CarMax logo
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.
Read More

Today's Range

Now: $76.66
Low: $74.63
High: $76.72

50 Day Range

MA: $75.10
Low: $71.11
High: $79.39

52 Week Range

Now: $76.66
Low: $62.90
High: $88.22

Volume

1,898,438 shs

Average Volume

1,469,751 shs

Market Capitalization

$11.88 billion

P/E Ratio

28.82

Dividend Yield

N/A

Beta

1.68

Frequently Asked Questions

What sell-side analysts currently cover shares of CarMax?

The following Wall Street analysts have issued reports on CarMax in the last year: Argus, Bank of America Co., BNP Paribas, Evercore ISI, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer Holdings Inc., Robert W. Baird, Royal Bank of Canada, StockNews.com, Truist Financial Co., and Wedbush.
View the latest analyst ratings for KMX.

What is the current price target for CarMax?

0 Wall Street analysts have set twelve-month price targets for CarMax in the last year. Their average twelve-month price target is $79.73, suggesting a possible upside of 4.0%. Oppenheimer Holdings Inc. has the highest price target set, predicting KMX will reach $105.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $50.00 for CarMax in the next year.
View the latest price targets for KMX.

What is the current consensus analyst rating for CarMax?

CarMax currently has 3 sell ratings, 4 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in KMX, but not buy more shares or sell existing shares.
View the latest ratings for KMX.

What other companies compete with CarMax?

Other companies that are similar to CarMax include Penske Automotive Group, Lithia Motors, AutoNation, Group 1 Automotive and Asbury Automotive Group. Learn More about companies similar to CarMax.

How do I contact CarMax's investor relations team?

CarMax's physical mailing address is 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA, 23238. The company's listed phone number is (804) 747-0422 and its investor relations email address is [email protected]. The official website for CarMax is www.carmax.com. Learn More about contacing CarMax investor relations.