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KMX

CarMax (KMX) Stock Forecast & Price Target

CarMax (KMX) Analyst Ratings

Based on 13 analyst ratings
Hold
Strong Buy 15%
Buy 8%
Hold 54%
Sell 23%
Strong Sell 0%

Bulls say

CarMax reported an increase in sales of older, higher mileage vehicles, which grew from 35% to 40% of total sales year-over-year, indicating a strengthening demand in this segment. The company’s continued focus on enhancing advertising efforts aims to further drive sales awareness and support the anticipated increase in revenue, alongside a projected total revenue of $5.7 billion for the fourth quarter of fiscal 2026, reflecting a slight upward revision from previous estimates. Additionally, CarMax's CAF income rose by 9.3% year-over-year, demonstrating effective management of financial services and solid performance in vehicle sales, which collectively contribute to a positive outlook for the stock.

Bears say

CarMax experienced a decline in retail unit sales, with a -8.0% year-over-year decrease in retail units and a -9% drop in used unit comps, which was worse than the company's preliminary guidance. Despite retail average selling prices (ASP) being slightly higher than expectations at $26.4K, the retail gross profit per unit fell by -3% year-over-year to $2.2K, indicating pressures on profitability. Additionally, the company reported a 7% year-over-year decline in 3Q retail sales, amounting to $4.5 billion, while its gross profit from wholesale operations declined significantly by 11.4%.

CarMax (KMX) has been analyzed by 13 analysts, with a consensus rating of Hold. 15% of analysts recommend a Strong Buy, 8% recommend Buy, 54% suggest Holding, 23% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of CarMax and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About CarMax (KMX) Forecast

Analysts have given CarMax (KMX) a Hold based on their latest research and market trends.

According to 13 analysts, CarMax (KMX) has a Hold consensus rating as of Mar 21, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $39.31, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $39.31, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

CarMax (KMX)


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