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Carmax Inc (KMX)
NYSE:KMX
KMX Analyst Ratings
Moderate Buy
8 Buy
7 Hold
1 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
KMX Stock 12 Month Forecast
Average Price Target
$59.23
▲(32.00% Upside)
| Highest Price Target$78.00 | Average Price Target$59.23 | Lowest Price Target$45.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Morgan Stanley
$80→$56
Buy
24.80%
Upside
Reiterated
10/01/25
Seaport Global
―
Hold
―
Downgraded
09/28/25
Truist Financial
$74→$47
Hold
4.75%
Upside
Reiterated
09/26/25
Oppenheimer
―
Hold
―
Downgraded
09/26/25
Oppenheimer downgrades CarMax (KMX) to a HoldWe downgrade CarMax (KMX) to Perform (from Outperform) and remove our 12-18 month price target on shares (previously $105). As discussed below, Q2 (Aug.) results from KMX proved much weaker than expected. We studied carefully recent trends and connected with KMX management. While we do not view the KMX operating model as broken, we are now increasingly concerned that the company must endure a potentially elongated strategic retrenchment, focused upon restrengthening and marketing better core consumer propositions, all the while contending with a potentially weakening demand backdrop. While certain aspects of recent sales and profit weakness at KMX is likely self-induced and shorter term in nature, we do not envision investors bidding up shares, meaningfully, in the absence of clear signals of sustained fundamental recovery at the chain.
J.P. Morgan
$65→$50
Hold
11.43%
Upside
Reiterated
09/26/25
Mizuho Securities
$78
Hold
73.84%
Upside
Reiterated
09/26/25
TR | OpenAI - 4o
$60→$47
Hold
4.75%
Upside
Reiterated
09/26/25
AI Generated ArticleAI Generated Article
Evercore ISI
$80→$52
Hold
15.89%
Upside
Downgraded
09/26/25
Needham
$60
Buy
33.72%
Upside
Reiterated
09/26/25
Buy Rating on CarMax Despite Challenges: Potential Recovery and Conservative OutlookWe reiterate our Buy rating and lower our price target to $60 following Q2 results and commentary. KMX continues to struggle to find consistent footing, with a return to negative unit comps and continued elevated loan losses as twin headwinds to earnings power. We see the potential for a recovery in unit growth given the potentially 1x issues intra-quarter, and negative CAF earnings continue to be confined to '22 and '23 vintage loans, but KMX's broader omni-channel strategy is still unproven, and fears of further economic weakness are driving elevated uncertainty on '24 and '25 vintage loans, even against solid performance to date. Our $60 target is 7.5x our FY27E adj EBITDA (vs. 10x prior) on lower unit growth assumptions in our model, now building in minimal KMX share gains.
Robert W. Baird
$90→$60
Buy
33.72%
Upside
Reiterated
09/26/25
RBC Capital
$81→$59
Buy
31.49%
Upside
Reiterated
09/25/25
Wedbush
$84→$54
Hold
20.35%
Upside
Downgraded
09/25/25
William Blair
―
Buy
―
Reiterated
09/25/25
Bank of America Securities
$45
Sell
0.29%
Upside
Reiterated
09/25/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Morgan Stanley
$80→$56
Buy
24.80%
Upside
Reiterated
10/01/25
Seaport Global
―
Hold
―
Downgraded
09/28/25
Truist Financial
$74→$47
Hold
4.75%
Upside
Reiterated
09/26/25
Oppenheimer
―
Hold
―
Downgraded
09/26/25
Oppenheimer downgrades CarMax (KMX) to a HoldWe downgrade CarMax (KMX) to Perform (from Outperform) and remove our 12-18 month price target on shares (previously $105). As discussed below, Q2 (Aug.) results from KMX proved much weaker than expected. We studied carefully recent trends and connected with KMX management. While we do not view the KMX operating model as broken, we are now increasingly concerned that the company must endure a potentially elongated strategic retrenchment, focused upon restrengthening and marketing better core consumer propositions, all the while contending with a potentially weakening demand backdrop. While certain aspects of recent sales and profit weakness at KMX is likely self-induced and shorter term in nature, we do not envision investors bidding up shares, meaningfully, in the absence of clear signals of sustained fundamental recovery at the chain.
J.P. Morgan
$65→$50
Hold
11.43%
Upside
Reiterated
09/26/25
Mizuho Securities
$78
Hold
73.84%
Upside
Reiterated
09/26/25
TR | OpenAI - 4o
$60→$47
Hold
4.75%
Upside
Reiterated
09/26/25
AI Generated ArticleAI Generated Article
Evercore ISI
$80→$52
Hold
15.89%
Upside
Downgraded
09/26/25
Needham
$60
Buy
33.72%
Upside
Reiterated
09/26/25
Buy Rating on CarMax Despite Challenges: Potential Recovery and Conservative OutlookWe reiterate our Buy rating and lower our price target to $60 following Q2 results and commentary. KMX continues to struggle to find consistent footing, with a return to negative unit comps and continued elevated loan losses as twin headwinds to earnings power. We see the potential for a recovery in unit growth given the potentially 1x issues intra-quarter, and negative CAF earnings continue to be confined to '22 and '23 vintage loans, but KMX's broader omni-channel strategy is still unproven, and fears of further economic weakness are driving elevated uncertainty on '24 and '25 vintage loans, even against solid performance to date. Our $60 target is 7.5x our FY27E adj EBITDA (vs. 10x prior) on lower unit growth assumptions in our model, now building in minimal KMX share gains.
Robert W. Baird
$90→$60
Buy
33.72%
Upside
Reiterated
09/26/25
RBC Capital
$81→$59
Buy
31.49%
Upside
Reiterated
09/25/25
Wedbush
$84→$54
Hold
20.35%
Upside
Downgraded
09/25/25
William Blair
―
Buy
―
Reiterated
09/25/25
Bank of America Securities
$45
Sell
0.29%
Upside
Reiterated
09/25/25
Best Analysts Covering CarMax
1 Month
xxx
Success Rate
12/26 ratings generated profit
Average Return
+0.90%
reiterated a xxx
rating 6 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 46.15% of your transactions generating a profit, with an average return of +0.90% per trade.
3 Months
xxx
Success Rate
14/26 ratings generated profit
Average Return
+0.15%
reiterated a xxx
rating 6 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 53.85% of your transactions generating a profit, with an average return of +0.15% per trade.
1 Year
Success Rate
7/14 ratings generated profit
Average Return
+19.50%
reiterated a buy rating 7 days ago
Copying Sharon Zackfia's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +19.50% per trade.
2 Years
xxx
Success Rate
8/14 ratings generated profit
Average Return
+17.02%
reiterated a xxx
rating 7 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 57.14% of your transactions generating a profit, with an average return of +17.02% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
KMX Analyst Recommendation Trends
Rating
May 25
Jun 25
Jul 25
Aug 25
Sep 25
Strong Buy
0
0
0
0
0
Buy
18
25
17
19
21
Hold
6
8
11
12
19
Sell
4
6
4
4
2
Strong Sell
0
0
0
0
0
total
28
39
32
35
42
Each month's total comprises the sum of three months' worth of ratings.
KMX Financial Forecast
KMX Stock Forecast FAQ
What is KMX’s average 12-month price target, according to analysts?
Based on analyst ratings, Carmax Inc’s 12-month average price target is 59.23.
What is KMX’s upside potential, based on the analysts’ average price target?
Carmax Inc has 32.00% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is KMX a Buy, Sell or Hold?
Carmax Inc has a consensus rating of Moderate Buy which is based on 8 buy ratings, 7 hold ratings and 1 sell ratings.
What is Carmax Inc’s price target?
The average price target for Carmax Inc is 59.23. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $78.00 ,the lowest forecast is $45.00. The average price target represents 32.00% Increase from the current price of $44.87.
The highest analyst price target is $78.00 ,the lowest forecast is $45.00. The average price target represents 32.00% Increase from the current price of $44.87.
What do analysts say about Carmax Inc?
Carmax Inc’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 16 Wall Streets Analysts.
How can I buy shares of KMX?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.