NYSE:KMX - CarMax Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $123.50
Forecasted Upside: 9.14 %
Number of Analysts: 14
Breakdown:
2 Sell Ratings
3 Hold Ratings
9 Buy Ratings
0 Strong Buy Ratings

^$113.16 As of 06/18/2021 01:00 AM ET

▼ -2.76 (-2.38%)

1 month | 3 months | 12 months

Get New CarMax Analyst Ratings Delivered To Your Inbox

Sign-up to receive the latest news and ratings for KMX and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for KMX

^$123.50

▲ +9.14% Upside Potential

This price target is based on 14 analysts offering 12 month price targets for CarMax in the last 3 months. The average price target is $123.50, with a high forecast of $165.00 and a low forecast of $73.00. The average price target represents a 9.14% upside from the last price of $113.16.

Buy

The current consensus among 14 contributing investment analysts is to buy stock in CarMax. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
10 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

12/28/2019

0 strong buy ratings
11 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

3/27/2020

1 strong buy ratings
10 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

6/25/2020

1 strong buy ratings
10 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

9/23/2020

1 strong buy ratings
10 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

12/22/2020

1 strong buy ratings
10 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

3/22/2021

0 strong buy ratings
9 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

5/21/2021

0 strong buy ratings
9 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

6/20/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/25/2021	Wedbush	Reiterated Rating	Outperform ➝ Neutral	$155.00 ➝ $130.00	Low
5/19/2021	Wedbush	Downgrade	Outperform ➝ Neutral	$155.00 ➝ $130.00	Medium
4/9/2021	Oppenheimer	Boost Price Target	Outperform	$130.00 ➝ $153.00	Medium
4/5/2021	Royal Bank of Canada	Boost Price Target	Outperform	$140.00 ➝ $148.00	High
4/5/2021	Stephens	Boost Price Target	Overweight	$130.00 ➝ $154.00	High
4/5/2021	Robert W. Baird	Boost Price Target	Outperform	$110.00 ➝ $130.00	High
3/31/2021	Seaport Global Securities	Downgrade	Buy ➝ Neutral		Medium
2/17/2021	Wedbush	Boost Price Target	Outperform	$120.00 ➝ $140.00	Low
1/19/2021	Northcoast Research	Upgrade	Neutral ➝ Buy	$130.00	High
12/28/2020	Argus	Boost Price Target		$105.00 ➝ $110.00	N/A
12/23/2020	Morgan Stanley	Lower Price Target	Overweight	$165.00	N/A
12/23/2020	Oppenheimer	Initiated Coverage	Buy	$130.00	N/A
12/9/2020	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$115.00	Medium
11/17/2020	Bank of America	Lower Price Target	Buy	$130.00 ➝ $121.00	Low
10/19/2020	Seaport Global Securities	Initiated Coverage	Buy	$113.00 ➝ $113.00	Low
10/16/2020	Wedbush	Reiterated Rating	Outperform		Low
10/15/2020	Bank of America	Lower Price Target	Buy	$135.00 ➝ $130.00	Medium
10/5/2020	Exane BNP Paribas	Initiated Coverage	Underperform	$73.00	Low
10/5/2020	BNP Paribas	Initiated Coverage	Underperform	$73.00	Low
9/25/2020	Robert W. Baird	Boost Price Target	Outperform	$100.00 ➝ $110.00	Low
9/24/2020	Oppenheimer	Reiterated Rating	Buy	$130.00	Medium
9/23/2020	Bank of America	Boost Price Target	Buy	$130.00 ➝ $135.00	High
9/22/2020	Royal Bank of Canada	Boost Price Target		$100.00 ➝ $110.00	High
8/18/2020	Wedbush	Boost Price Target	Outperform	$100.00 ➝ $120.00	Medium
8/12/2020	Guggenheim	Boost Price Target	Positive ➝ Buy	$106.00 ➝ $114.00	Medium
7/2/2020	Oppenheimer	Boost Price Target	Outperform	$87.00 ➝ $108.00	Low
6/23/2020	Argus	Boost Price Target	Buy	$75.00 ➝ $105.00	High
6/22/2020	Royal Bank of Canada	Boost Price Target	Outperform	$80.00 ➝ $100.00	Low
6/22/2020	Stephens	Boost Price Target	Overweight	$82.00 ➝ $103.00	High
6/22/2020	Morgan Stanley	Boost Price Target	Overweight	$89.00 ➝ $116.00	High
6/19/2020	Oppenheimer	Initiated Coverage	Buy	$87.00	High
6/16/2020	Wedbush	Boost Price Target	Positive ➝ Outperform	$90.00 ➝ $100.00	Low
6/1/2020	JPMorgan Chase & Co.	Initiated Coverage	Overweight ➝ Overweight	$105.00	Medium
5/12/2020	Wedbush	Upgrade	Neutral ➝ Outperform	$70.00 ➝ $90.00	High
4/24/2020	Oppenheimer	Initiated Coverage	Buy	$87.00	High
4/14/2020	Wedbush	Boost Price Target	Neutral	$53.00 ➝ $70.00	Medium
4/3/2020	Oppenheimer	Lower Price Target	Outperform	$118.00 ➝ $87.00	Low
4/3/2020	Royal Bank of Canada	Lower Price Target	Outperform	$62.00 ➝ $58.00	Low
4/3/2020	Wedbush	Lower Price Target	Sell ➝ Neutral	$90.00 ➝ $53.00	Low
4/3/2020	Stephens	Lower Price Target	Overweight	$115.00 ➝ $82.00	Low
4/3/2020	Credit Suisse Group	Lower Price Target	Outperform	$100.00 ➝ $76.00	High
4/2/2020	Cfra	Lower Price Target	Strong-Buy	$115.00 ➝ $75.00	High
3/30/2020	Morgan Stanley	Lower Price Target	Overweight	$112.00 ➝ $82.00	Low
2/6/2020	Evercore ISI	Initiated Coverage	Outperform		Low
1/2/2020	Stephens	Reiterated Rating	Buy	$115.00	Medium
12/26/2019	Argus	Boost Price Target	Buy	$100.00 ➝ $110.00	Low
12/24/2019	Credit Suisse Group	Boost Price Target	Outperform	$95.00 ➝ $100.00	Low
12/23/2019	Morgan Stanley	Boost Price Target	Overweight	$107.00 ➝ $112.00	High
12/23/2019	Wedbush	Reiterated Rating	Sell ➝ Neutral	$80.00 ➝ $90.00	High
12/18/2019	Royal Bank of Canada	Boost Price Target	Outperform	$105.00 ➝ $108.00	Low
12/18/2019	Buckingham Research	Boost Price Target	Neutral	$96.00 ➝ $102.00	Medium
12/16/2019	Oppenheimer	Boost Price Target	Outperform	$100.00 ➝ $118.00	High
12/6/2019	William Blair	Reiterated Rating	Buy		Low
12/4/2019	Morgan Stanley	Boost Price Target	Overweight	$97.00 ➝ $107.00	Low
11/18/2019	Wedbush	Boost Price Target	Neutral	$80.00 ➝ $98.00	Low
10/3/2019	Wedbush	Reiterated Rating	Neutral		Low
9/25/2019	Guggenheim	Boost Price Target	Buy	$95.00 ➝ $100.00	Low
9/25/2019	Wedbush	Reiterated Rating	Neutral	$80.00	Low
9/25/2019	Buckingham Research	Boost Price Target	Neutral	$94.00 ➝ $96.00	Low
9/25/2019	Stephens	Boost Price Target	Overweight	$95.00 ➝ $103.00	Low
9/3/2019	Morgan Stanley	Lower Price Target	Overweight	$99.00 ➝ $97.00	Low
6/28/2019	Argus	Initiated Coverage	Buy ➝ Buy	$100.00	Low
6/28/2019	Northcoast Research	Downgrade	Buy ➝ Neutral	$86.50	Low
6/24/2019	Bank of America	Boost Price Target		$95.00 ➝ $112.00	Low
6/24/2019	Guggenheim	Boost Price Target	Buy ➝ Outperform	$87.00 ➝ $95.00	Low
6/24/2019	Robert W. Baird	Boost Price Target	Outperform	$80.00 ➝ $99.00	High
6/24/2019	Wedbush	Boost Price Target	Neutral ➝ Average	$65.00 ➝ $80.00	High
6/24/2019	Buckingham Research	Downgrade	Buy ➝ Neutral	$81.00 ➝ $94.00	High
6/19/2019	Royal Bank of Canada	Boost Price Target	Outperform	$86.00 ➝ $92.00	Low
6/17/2019	Credit Suisse Group	Set Price Target	Outperform	$84.00 ➝ $90.00	Low
6/14/2019	Oppenheimer	Boost Price Target	Outperform	$88.00 ➝ $100.00	Low
5/17/2019	Wedbush	Reiterated Rating	Neutral		Low
4/17/2019	Morgan Stanley	Boost Price Target	Overweight ➝ Overweight	$89.00 ➝ $93.00	Medium
4/17/2019	Credit Suisse Group	Boost Price Target	Outperform ➝ Outperform	$75.00 ➝ $84.00	High
4/1/2019	Buckingham Research	Boost Price Target	Buy ➝ Buy	$76.00 ➝ $81.00	Medium
4/1/2019	Stephens	Upgrade	Equal Weight ➝ Overweight	$83.00 ➝ $93.00	Low
1/18/2019	Wedbush	Downgrade	Outperform ➝ Neutral	$70.00 ➝ $60.00	High
1/7/2019	Buckingham Research	Upgrade	Neutral ➝ Buy		High
1/2/2019	Wedbush	Set Price Target	Buy	$70.00	Low
12/24/2018	Guggenheim	Upgrade	Neutral ➝ Buy		Low
12/24/2018	Wedbush	Lower Price Target	Outperform	$87.00 ➝ $70.00	Low
12/20/2018	Oppenheimer	Reiterated Rating	Buy		Low
12/19/2018	Royal Bank of Canada	Lower Price Target	Outperform	$67.00	High
12/14/2018	Wedbush	Set Price Target	Buy	$87.00	Medium
10/2/2018	Wolfe Research	Initiated Coverage	Underperform ➝ Peer Perform		Low
9/27/2018	Wedbush	Set Price Target	Buy	$87.00	Low
9/27/2018	Robert W. Baird	Upgrade	Neutral ➝ Outperform		High
8/29/2018	Morgan Stanley	Set Price Target	Buy	$89.00	Low
8/16/2018	Wedbush	Reiterated Rating	Outperform	$85.00	Low
7/10/2018	Morgan Stanley	Upgrade	Underweight ➝ Overweight		Medium
6/28/2018	Northcoast Research	Reiterated Rating	Buy	$85.00	Low
6/25/2018	Credit Suisse Group	Boost Price Target	Outperform	$81.00 ➝ $87.00	Low
6/25/2018	Robert W. Baird	Boost Price Target	Neutral ➝ Neutral	$80.00 ➝ $90.00	Low
6/25/2018	Buckingham Research	Downgrade	Buy ➝ Neutral	$75.00 ➝ $84.00	Medium
6/25/2018	Wedbush	Boost Price Target	Outperform ➝ Outperform	$75.00 ➝ $85.00	Medium
6/25/2018	Guggenheim	Downgrade	Buy ➝ Neutral	$72.00	Medium
6/6/2018	Gabelli	Initiated Coverage	Buy	$95.00	Medium
5/29/2018	Wedbush	Set Price Target	Buy	$75.00	Medium
4/16/2018	Guggenheim	Initiated Coverage	Buy	$72.00	Low
4/6/2018	Credit Suisse Group	Lower Price Target	Outperform ➝ Outperform	$78.00 ➝ $76.00	Low
4/5/2018	Bank of America	Lower Price Target	Buy ➝ Buy	$104.00 ➝ $98.00	Low
4/5/2018	Buckingham Research	Upgrade	Neutral ➝ Buy	$75.00	Medium
4/5/2018	Deutsche Bank Aktiengesellschaft	Lower Price Target	Hold ➝ Hold	$76.00 ➝ $63.00	Low
4/2/2018	Wedbush	Lower Price Target	Outperform	$75.00 ➝ $61.94	High
3/27/2018	William Blair	Reiterated Rating	Outperform		Medium
3/16/2018	Wedbush	Set Price Target	Buy	$75.00	Medium
3/13/2018	Credit Suisse Group	Set Price Target	Buy	$78.00	Low
1/26/2018	Credit Suisse Group	Lower Price Target	Outperform	$83.00 ➝ $71.54	Low
1/18/2018	Oppenheimer	Upgrade	Market Perform ➝ Outperform	$80.00 ➝ $88.00	Low
1/18/2018	Wood & Company	Upgrade	Market Perform ➝ Outperform	$80.00 ➝ $88.00	Low
1/18/2018	UBS Group	Upgrade	Market Perform ➝ Outperform		Low
1/10/2018	Wedbush	Reiterated Rating	Outperform	$81.00	Low
1/8/2018	Berenberg Bank	Upgrade	Hold ➝ Buy	$83.00	Medium
1/1/2018	Susquehanna Bancshares	Set Price Target	Hold	$68.00	Medium
12/28/2017	Wedbush	Set Price Target	Buy	$81.00	Low
12/26/2017	Susquehanna Bancshares	Set Price Target	Hold	$68.00	Low
12/25/2017	Credit Suisse Group	Upgrade	Buy	$83.00	Low
12/22/2017	Wedbush	Reiterated Rating	Outperform ➝ Outperform	$81.00	Low
12/14/2017	Northcoast Research	Upgrade	Neutral ➝ Buy		Low
12/6/2017	Oppenheimer	Reiterated Rating	Hold	$80.00	Medium
12/4/2017	Moffett Nathanson	Initiated Coverage	Neutral		Low
11/26/2017	Deutsche Bank Aktiengesellschaft	Lower Price Target	Buy ➝ Hold	$84.00 ➝ $76.00	Low
11/17/2017	Deutsche Bank Aktiengesellschaft	Downgrade	Buy ➝ Hold	$76.00	N/A
10/5/2017	CIBC	Reiterated Rating	Outperform ➝ Market Perform		N/A
10/5/2017	Oppenheimer	Downgrade	Outperform ➝ Market Perform	$80.00	N/A
10/5/2017	UBS Group	Downgrade	Outperform ➝ Market Perform		N/A
10/4/2017	Berenberg Bank	Initiated Coverage	Hold ➝ Hold	$83.00	Low
9/29/2017	Credit Suisse Group	Boost Price Target	Outperform	$75.00 ➝ $83.00	Low
9/26/2017	Susquehanna Bancshares	Reiterated Rating	Neutral	$66.00 ➝ $75.00	Low
9/25/2017	Deutsche Bank Aktiengesellschaft	Reiterated Rating	Buy	$84.00	Low
9/25/2017	Buckingham Research	Boost Price Target	Neutral	$66.00 ➝ $75.00	Low
9/25/2017	Wedbush	Reiterated Rating	Outperform	$77.00 ➝ $81.00	Low
9/25/2017	Royal Bank of Canada	Boost Price Target	Outperform ➝ Outperform	$77.00 ➝ $83.00	Medium
9/25/2017	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$74.00 ➝ $79.00	Medium
9/25/2017	Citigroup	Boost Price Target	Buy	$84.00	Medium
9/19/2017	CIBC	Boost Price Target	Outperform ➝ Outperform	$72.00 ➝ $80.00	Low
9/19/2017	Oppenheimer	Boost Price Target	Outperform	$72.00 ➝ $80.00	Low
9/13/2017	Wedbush	Reiterated Rating	Outperform	$73.00 ➝ $77.00	Medium
9/1/2017	Oppenheimer	Reiterated Rating	Buy		Low
8/25/2017	Oppenheimer	Reiterated Rating	Buy		Medium
7/11/2017	Wedbush	Set Price Target	Buy	$73.00	Low
7/4/2017	Royal Bank of Canada	Reiterated Rating	Market Perform	$71.00 ➝ $63.00	N/A
7/4/2017	Deutsche Bank Aktiengesellschaft	Lower Price Target	Buy	$73.00 ➝ $72.00	N/A
7/4/2017	CIBC	Reiterated Rating	Buy		N/A
7/3/2017	Oppenheimer	Reiterated Rating	Buy		Low
6/22/2017	Bank of America	Reiterated Rating	Buy	$80.00 ➝ $82.00	Low
6/22/2017	Deutsche Bank Aktiengesellschaft	Reiterated Rating	Buy	$71.00 ➝ $73.00	Low
6/22/2017	The Goldman Sachs Group	Reiterated Rating	Buy	$72.00 ➝ $74.00	Low
6/22/2017	Susquehanna Bancshares	Reiterated Rating	Positive ➝ Neutral	$66.00 ➝ $70.00	High
6/22/2017	UBS Group	Downgrade	Positive ➝ Neutral		N/A
6/22/2017	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$63.00 ➝ $69.00	High
6/19/2017	Oppenheimer	Set Price Target	Buy	$72.00	Medium
5/18/2017	Oppenheimer	Reiterated Rating	Buy		Low
5/18/2017	Wedbush	Upgrade	Neutral ➝ Outperform	$60.00 ➝ $70.00	High
4/21/2017	Oppenheimer	Set Price Target	Buy	$72.00	Low
4/11/2017	Oppenheimer	Reiterated Rating	Buy		Low
4/10/2017	Credit Suisse Group	Set Price Target	Buy	$75.00	Low
4/8/2017	Wedbush	Reiterated Rating	Hold		Low
4/7/2017	Susquehanna Bancshares	Set Price Target	Buy	$72.00 ➝ $70.00	Low
4/7/2017	Royal Bank of Canada	Lower Price Target	Sector Perform	$71.00 ➝ $63.00	Medium
4/6/2017	CIBC	Reiterated Rating	Buy		Low
4/6/2017	Deutsche Bank Aktiengesellschaft	Lower Price Target	Buy	$73.00 ➝ $72.00	Low
4/6/2017	Royal Bank of Canada	Reiterated Rating	Market Perform	$71.00 ➝ $63.00	High
4/5/2017	Oppenheimer	Reiterated Rating	Buy		High
3/27/2017	Wedbush	Reiterated Rating	Neutral	$60.00	Low
3/13/2017	Oppenheimer	Reiterated Rating	Outperform	$72.00	Low
2/1/2017	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$48.00	N/A
1/18/2017	Wedbush	Reiterated Rating	Neutral		N/A
12/25/2016	Credit Suisse Group	Set Price Target	Buy	$75.00	N/A
12/19/2016	Wedbush	Reiterated Rating	Neutral	$55.00	N/A
12/13/2016	Oppenheimer	Reiterated Rating	Outperform	$66.00 ➝ $72.00	N/A
11/16/2016	Wedbush	Reiterated Rating	Neutral	$55.00	N/A
10/24/2016	Deutsche Bank Aktiengesellschaft	Upgrade	Hold ➝ Buy	$66.00 ➝ $68.00	N/A
10/21/2016	Wedbush	Reiterated Rating	Neutral	$55.00	N/A
10/16/2016	Oppenheimer	Reiterated Rating	Outperform		N/A
9/22/2016	Deutsche Bank Aktiengesellschaft	Boost Price Target	Hold	$65.00 ➝ $66.00	N/A
9/19/2016	The Goldman Sachs Group	Set Price Target	Buy	$63.00	N/A
9/9/2016	Buckingham Research	Downgrade	Buy ➝ Neutral	$59.00 ➝ $63.00	N/A
9/7/2016	Robert W. Baird	Boost Price Target	Neutral	$58.00 ➝ $64.00	N/A
8/25/2016	Susquehanna Bancshares	Initiated Coverage	Positive	$70.00	N/A
8/18/2016	Wedbush	Boost Price Target	Neutral	$44.00 ➝ $55.00	N/A
7/20/2016	Wedbush	Reiterated Rating	Neutral	$44.00	N/A
6/22/2016	Oppenheimer	Reiterated Rating	Buy		N/A
6/22/2016	Robert W. Baird	Reiterated Rating	Neutral	$60.00 ➝ $58.00	N/A
6/21/2016	Buckingham Research	Reiterated Rating	Buy	$60.00	N/A

(Data available from 6/20/2016 forward)

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

Today's Range

Now: $113.16

$113.05

$114.72

50 Day Range

MA: $123.05

$113.16

$137.90

52 Week Range

Now: $113.16

$84.70

$138.77

Volume

1,702,092 shs

Average Volume

1,214,614 shs

Market Capitalization

$18.46 billion

P/E Ratio

25.09

Dividend Yield

N/A

Beta

1.65

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, Exane BNP Paribas, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Northcoast Research, Oppenheimer Holdings Inc., Robert W. Baird, Royal Bank of Canada, Seaport Global Securities, Stephens, TheStreet, and Wedbush.
View the latest analyst ratings for KMX.

What is the current price target for CarMax?

14 Wall Street analysts have set twelve-month price targets for CarMax in the last year. Their average twelve-month price target is $123.50, suggesting a possible upside of 9.1%. Morgan Stanley has the highest price target set, predicting KMX will reach $165.00 in the next twelve months. BNP Paribas has the lowest price target set, forecasting a price of $73.00 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 2 sell ratings, 3 hold ratings and 9 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe KMX will outperform the market and that investors should add to their positions of CarMax.
View the latest ratings for KMX.

What other companies compete with CarMax?

Other companies that are similar to CarMax include O'Reilly Automotive, AutoZone, Advance Auto Parts, Lithia Motors, AutoNation, Penske Automotive Group, Asbury Automotive Group, Group 1 Automotive, Monro, Sonic Automotive, Prospect Capital and America's Car-Mart.

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.