CarMax - KMX Stock Price Target and Predictions

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

Consensus Rating: Hold
Consensus Price Target: $83.80
Forecasted Upside: 20.42 %
Number of Analysts: 11
Breakdown:
1 Sell Ratings
4 Hold Ratings
6 Buy Ratings
0 Strong Buy Ratings

^$69.59 As of 12/2/2022 10:00 PM ET

▲ +0.49 (0.71%)

1 month | 3 months | 12 months

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Analyst Price Target for KMX

^$83.80

▲ +20.42% Upside Potential

This price target is based on 11 analysts offering 12 month price targets for CarMax in the last 3 months. The average price target is $83.80, with a high forecast of $130.00 and a low forecast of $60.00. The average price target represents a 20.42% upside from the last price of $69.59.

Current Consensus is Hold

The current consensus among 11 polled investment analysts is to hold stock in CarMax. This rating has held steady since September 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

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

Ratings as of

6/12/2021

0 strong buy ratings
5 buy ratings
3 hold ratings
3 sell ratings

Ratings as of

9/10/2021

0 strong buy ratings
6 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

12/9/2021

0 strong buy ratings
7 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

3/9/2022

0 strong buy ratings
7 buy ratings
5 hold ratings
1 sell ratings

Ratings as of

6/7/2022

0 strong buy ratings
7 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

9/5/2022

0 strong buy ratings
6 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

11/4/2022

0 strong buy ratings
6 buy ratings
4 hold ratings
1 sell ratings

Ratings as of

12/4/2022

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
11/18/2022	JPMorgan Chase & Co.	Lower Target	Neutral	$70.00 ➝ $60.00	Low
11/17/2022	Wedbush	Lower Target		$67.00	Low
10/4/2022	Morgan Stanley	Lower Target	Overweight	$124.00 ➝ $90.00	Low
10/3/2022	Stephens	Downgrade	Overweight ➝ Equal Weight	$105.00 ➝ $64.00	Low
9/30/2022	Oppenheimer	Lower Target	Outperform	$125.00 ➝ $100.00	Low
9/30/2022	Evercore ISI	Lower Target		$90.00 ➝ $73.00	Low
9/30/2022	Wedbush	Lower Target	Neutral	$105.00 ➝ $70.00	Low
9/30/2022	Royal Bank of Canada	Lower Target	Outperform	$108.00 ➝ $72.00	Low
9/30/2022	Robert W. Baird	Lower Target	Outperform	$120.00 ➝ $82.00	Low
9/29/2022	Stephens	Lower Target		$105.00	Low
9/9/2022	JPMorgan Chase & Co.	Lower Target	Neutral	$100.00 ➝ $95.00	Low
9/9/2022	Bank of America	Downgrade	Neutral ➝ Underperform	$146.00 ➝ $100.00	Low
7/14/2022	Morgan Stanley	Lower Target	Overweight	$140.00 ➝ $124.00	Low
6/27/2022	Royal Bank of Canada	Boost Target	Outperform	$104.00 ➝ $108.00	Low
6/27/2022	Wedbush	Boost Target	Neutral	$90.00 ➝ $105.00	Low
6/7/2022	JPMorgan Chase & Co.	Lower Target		$110.00 ➝ $105.00	High
5/2/2022	Needham & Company LLC	Initiated Coverage	Hold		High
4/13/2022	Royal Bank of Canada	Lower Target	Outperform	$140.00 ➝ $104.00	Medium
4/13/2022	Wedbush	Lower Target		$95.00 ➝ $90.00	Low
4/13/2022	Robert W. Baird	Lower Target		$140.00 ➝ $120.00	Low
4/13/2022	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$130.00 ➝ $110.00	Low
4/8/2022	Royal Bank of Canada	Reiterated Rating	Buy	$140.00	Low
4/8/2022	Oppenheimer	Lower Target	Outperform ➝ Outperform	$158.00 ➝ $125.00	High
4/6/2022	Bank of America	Downgrade	Buy ➝ Neutral	$195.00 ➝ $165.00	Medium
4/4/2022	Robert W. Baird	Lower Target	Outperform ➝ Outperform	$170.00 ➝ $140.00	High
3/11/2022	Wedbush	Lower Target		$100.00 ➝ $95.00	Medium
1/28/2022	Citic Securities	Initiated Coverage	Buy	$130.00	High
1/27/2022	Seaport Res Ptn	Upgrade	Neutral ➝ Buy		High
1/27/2022	Royal Bank of Canada	Lower Target		$157.00 ➝ $140.00	Medium
12/30/2021	Robert W. Baird	Boost Target	Outperform	$150.00 ➝ $170.00	Low
12/23/2021	Royal Bank of Canada	Boost Target	Outperform	$156.00 ➝ $157.00	Medium
12/7/2021	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$140.00 ➝ $160.00	High
11/16/2021	Wedbush	Boost Target	Average ➝ Neutral	$135.00 ➝ $160.00	Low
10/1/2021	Morgan Stanley	Reiterated Rating	Buy	$165.00	High
10/1/2021	Wolfe Research	Upgrade	Buy	$160.00	Medium
10/1/2021	Guggenheim	Downgrade	Buy ➝ Neutral		High
10/1/2021	Royal Bank of Canada	Lower Target	Outperform	$160.00 ➝ $156.00	Low
10/1/2021	Robert W. Baird	Boost Target	Outperform	$140.00 ➝ $150.00	Low
9/23/2021	Wedbush	Boost Target	Neutral	$130.00 ➝ $150.00	Low
7/16/2021	Bank of America	Boost Target	Buy ➝ Buy	$150.00 ➝ $200.00	Medium
6/28/2021	Stephens	Boost Target	Overweight	$154.00 ➝ $163.00	Low
6/28/2021	Royal Bank of Canada	Boost Target	Outperform	$148.00 ➝ $160.00	Low
6/28/2021	Robert W. Baird	Boost Target	Outperform	$125.00 ➝ $140.00	Medium
6/28/2021	JPMorgan Chase & Co.	Boost Target	Neutral	$115.00 ➝ $120.00	Medium
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 Target	Outperform	$130.00 ➝ $153.00	Medium
4/5/2021	Royal Bank of Canada	Boost Target	Outperform	$140.00 ➝ $148.00	High
4/5/2021	Stephens	Boost Target	Overweight	$130.00 ➝ $154.00	High
4/5/2021	Robert W. Baird	Boost Target	Outperform	$110.00 ➝ $130.00	High
2/17/2021	Wedbush	Boost Target	Outperform	$120.00 ➝ $140.00	Low
1/19/2021	Northcoast Research	Upgrade	Neutral ➝ Buy	$130.00	High
12/28/2020	Argus	Boost Target		$105.00 ➝ $110.00	N/A
12/23/2020	Morgan Stanley	Lower 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 Target	Buy	$130.00 ➝ $121.00	Low
10/16/2020	Wedbush	Reiterated Rating	Outperform		Low
10/15/2020	Bank of America	Lower 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 Target	Outperform	$100.00 ➝ $110.00	Low
9/24/2020	Oppenheimer	Reiterated Rating	Buy	$130.00	Medium
9/23/2020	Bank of America	Boost Target	Buy	$130.00 ➝ $135.00	High
9/22/2020	Royal Bank of Canada	Boost Target		$100.00 ➝ $110.00	High
8/18/2020	Wedbush	Boost Target	Outperform	$100.00 ➝ $120.00	Medium
8/12/2020	Guggenheim	Boost Target	Positive ➝ Buy	$106.00 ➝ $114.00	Medium
7/2/2020	Oppenheimer	Boost Target	Outperform	$87.00 ➝ $108.00	Low
6/23/2020	Argus	Boost Target	Buy	$75.00 ➝ $105.00	High
6/22/2020	Royal Bank of Canada	Boost Target	Outperform	$80.00 ➝ $100.00	Low
6/22/2020	Stephens	Boost Target	Overweight	$82.00 ➝ $103.00	High
6/22/2020	Morgan Stanley	Boost Target	Overweight	$89.00 ➝ $116.00	High
6/19/2020	Oppenheimer	Initiated Coverage	Buy	$87.00	High
6/16/2020	Wedbush	Boost 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 Target	Neutral	$53.00 ➝ $70.00	Medium
4/3/2020	Oppenheimer	Lower Target	Outperform	$118.00 ➝ $87.00	Low
4/3/2020	Royal Bank of Canada	Lower Target	Outperform	$62.00 ➝ $58.00	Low
4/3/2020	Wedbush	Lower Target	Sell ➝ Neutral	$90.00 ➝ $53.00	Low
4/3/2020	Stephens	Lower Target	Overweight	$115.00 ➝ $82.00	Low
4/3/2020	Credit Suisse Group	Lower Target	Outperform	$100.00 ➝ $76.00	High
4/2/2020	Cfra	Lower Target	Strong-Buy	$115.00 ➝ $75.00	High
3/30/2020	Morgan Stanley	Lower 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 Target	Buy	$100.00 ➝ $110.00	Low
12/24/2019	Credit Suisse Group	Boost Target	Outperform	$95.00 ➝ $100.00	Low
12/23/2019	Morgan Stanley	Boost 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 Target	Outperform	$105.00 ➝ $108.00	Low
12/18/2019	Buckingham Research	Boost Target	Neutral	$96.00 ➝ $102.00	Medium
12/16/2019	Oppenheimer	Boost Target	Outperform	$100.00 ➝ $118.00	High
12/6/2019	William Blair	Reiterated Rating	Buy		Low
12/4/2019	Morgan Stanley	Boost Target	Overweight	$97.00 ➝ $107.00	Low
11/18/2019	Wedbush	Boost Target	Neutral	$80.00 ➝ $98.00	Low
10/3/2019	Wedbush	Reiterated Rating	Neutral		Low
9/25/2019	Guggenheim	Boost Target	Buy	$95.00 ➝ $100.00	Low
9/25/2019	Wedbush	Reiterated Rating	Neutral	$80.00	Low
9/25/2019	Buckingham Research	Boost Target	Neutral	$94.00 ➝ $96.00	Low
9/25/2019	Stephens	Boost Target	Overweight	$95.00 ➝ $103.00	Low
9/3/2019	Morgan Stanley	Lower 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 Target		$95.00 ➝ $112.00	Low
6/24/2019	Guggenheim	Boost Target	Buy ➝ Outperform	$87.00 ➝ $95.00	Low
6/24/2019	Robert W. Baird	Boost Target	Outperform	$80.00 ➝ $99.00	High
6/24/2019	Wedbush	Boost 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 Target	Outperform	$86.00 ➝ $92.00	Low
6/17/2019	Credit Suisse Group	Set Target	Outperform	$84.00 ➝ $90.00	Low
6/14/2019	Oppenheimer	Boost Target	Outperform	$88.00 ➝ $100.00	Low
5/17/2019	Wedbush	Reiterated Rating	Neutral		Low
4/17/2019	Morgan Stanley	Boost Target	Overweight ➝ Overweight	$89.00 ➝ $93.00	Medium
4/17/2019	Credit Suisse Group	Boost Target	Outperform ➝ Outperform	$75.00 ➝ $84.00	High
4/1/2019	Buckingham Research	Boost 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 Target	Buy	$70.00	Low
12/24/2018	Guggenheim	Upgrade	Neutral ➝ Buy		Low
12/24/2018	Wedbush	Lower Target	Outperform	$87.00 ➝ $70.00	Low
12/20/2018	Oppenheimer	Reiterated Rating	Buy		Low
12/19/2018	Royal Bank of Canada	Lower Target	Outperform	$67.00	High
12/14/2018	Wedbush	Set Target	Buy	$87.00	Medium
10/2/2018	Wolfe Research	Initiated Coverage	Underperform ➝ Peer Perform		Low
9/27/2018	Wedbush	Set Target	Buy	$87.00	Low
9/27/2018	Robert W. Baird	Upgrade	Neutral ➝ Outperform		High
8/29/2018	Morgan Stanley	Set 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 Target	Outperform	$81.00 ➝ $87.00	Low
6/25/2018	Robert W. Baird	Boost 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 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 Target	Buy	$75.00	Medium
4/16/2018	Guggenheim	Initiated Coverage	Buy	$72.00	Low
4/6/2018	Credit Suisse Group	Lower Target	Outperform ➝ Outperform	$78.00 ➝ $76.00	Low
4/5/2018	Bank of America	Lower 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 Target	Hold ➝ Hold	$76.00 ➝ $63.00	Low
4/2/2018	Wedbush	Lower Target	Outperform	$75.00 ➝ $61.94	High
3/27/2018	William Blair	Reiterated Rating	Outperform		Medium
3/16/2018	Wedbush	Set Target	Buy	$75.00	Medium
3/13/2018	Credit Suisse Group	Set Target	Buy	$78.00	Low
1/26/2018	Credit Suisse Group	Lower 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 Target	Hold	$68.00	Medium
12/28/2017	Wedbush	Set Target	Buy	$81.00	Low
12/26/2017	Susquehanna Bancshares	Set 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

(Data available from 12/5/2017 forward)

News Sentiment Rating

0.51 (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

10 very positive mentions
39 positive mentions
6 negative mentions
2 very negative mentions

Mentions as of

5/8/2022

2 very positive mentions
10 positive mentions
2 negative mentions
1 very negative mentions

Mentions as of

6/7/2022

8 very positive mentions
34 positive mentions
4 negative mentions
0 very negative mentions

Mentions as of

7/7/2022

4 very positive mentions
14 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

8/6/2022

2 very positive mentions
9 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

9/5/2022

9 very positive mentions
39 positive mentions
12 negative mentions
4 very negative mentions

Mentions as of

10/5/2022

6 very positive mentions
24 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

11/4/2022

2 very positive mentions
6 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

12/4/2022

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric 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 wholesale 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, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

Today's Range

Now: $69.59

$67.14

$69.76

50 Day Range

MA: $65.97

$55.69

$86.42

52 Week Range

Now: $69.59

$54.85

$152.28

Volume

1,307,400 shs

Average Volume

1,833,067 shs

Market Capitalization

$11.00 billion

P/E Ratio

14.03

Dividend Yield

N/A

Beta

1.43

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: Bank of America Co., Citic Securities, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Oppenheimer Holdings Inc., Robert W. Baird, Royal Bank of Canada, Seaport Res Ptn, Stephens, StockNews.com, TheStreet, and Wedbush.
View the latest analyst ratings for KMX.
What is the current price target for CarMax?: 10 Wall Street analysts have set twelve-month price targets for CarMax in the last year. Their average twelve-month price target is $83.80, suggesting a possible upside of 20.4%. Citic Securities has the highest price target set, predicting KMX will reach $130.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $60.00 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 1 sell rating, 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, Asbury Automotive Group and Group 1 Automotive. 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.

CarMax - KMX Stock Price Target and Predictions

Analyst Price Target for KMX

Current Consensus is Hold

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.51 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of CarMax?

What is the current price target for CarMax?

What is the current consensus analyst rating for CarMax?

What other companies compete with CarMax?

How do I contact CarMax's investor relations team?