CarMax
KMX
Market cap $10.3B

68.78 USD

-1.83

2.59%

At close Jul 7, 4:00 PM EDT

After hours

68.78

+0.00

0.00%

1 day

-2.59%

5 days

3.23%

1 month

2.35%

3 months

-6.75%

6 months

-13.07%

Year to date

-15.32%

1 year

-5.78%

5 years

-22.36%

10 years

3.27%

About: CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.

Employees: 30,048

Consumer Discretionary Auto & Truck Dealerships

0

Funds holding %

of 7,311 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

70% more call options, than puts

Call options by funds: $237M | Put options by funds: $140M

16% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 77

0% more funds holding

Funds holding: 739 [Q4 2024] → 739 (+0) [Q1 2025]

8% less repeat investments, than reductions

Existing positions increased: 257 | Existing positions reduced: 279

5.12% less ownership

Funds ownership: 106.92% [Q4 2024] → 101.8% (-5.12%) [Q1 2025]

8% less funds holding in top 10

Funds holding in top 10: 24 [Q4 2024] → 22 (-2) [Q1 2025]

11% less capital invested

Capital invested by funds: $13.8B [Q4 2024] → $12.2B (-$1.56B) [Q1 2025]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$74

8%

upside

Avg. target

$84

23%

upside

High target

$92

34%

upside

9 analyst ratings

7 positive

78%

2 neutral

22%

0 negative

0%

Mizuho David Bellinger	13%upside $78	Neutral Maintained	3 Jul 2025
Morgan Stanley Daniela Haigian	16%upside $80	Overweight Assumed	1 Jul 2025
Truist Securities Scot Ciccarelli	8%upside $74	Hold Maintained	23 Jun 2025
RBC Capital Steven Shemesh	18%upside $81	Outperform Maintained	23 Jun 2025
Needham Chris Pierce	34%upside $92	Buy Reiterated	23 Jun 2025

See Analyst Rankings

Financial journalist opinion

Based on 31 articles about KMX published over the past 30 days

CarMax: Solid Execution, But I Still Have Lingering Concerns (Rating Upgrade To Hold)

I am upgrading CarMax from sell to hold after strong 1Q26 results and impressive retail growth, despite a tough macro environment. Management's execution on pricing and inventory, especially the Value Max program, drove robust sales across both budget and premium segments. Credit quality in the CarMax Auto Finance segment remains a concern, with elevated loan loss provisions and declining financing penetration posing earnings headwinds.

CarMax: Solid Execution, But I Still Have Lingering Concerns (Rating Upgrade To Hold)

Buy, Sell Or Hold CarMax Stock?

CarMax (NYSE:KMX) stock surged nearly 6% during trading on Friday. These gains were driven by the company reporting better-than-expected Q1 results, with revenue rising around 6% year-over-year to $7.55 billion, aligning with estimates, while earnings exceeded predictions at $1.38 per share.

Buy, Sell Or Hold CarMax Stock?

CarMax Beat Expectations, But Here's What Could Still Hold It Back

RBC Capital analyst Steven Shemesh maintained CarMax KMX with an Outperform and raised the price target from $80 to $81 on Friday.

CarMax Beat Expectations, But Here's What Could Still Hold It Back

These Analysts Increase Their Forecasts On CarMax After Upbeat Q1 Results

CarMax, Inc. KMX reported better-than-expected first-quarter financial results on Friday.

These Analysts Increase Their Forecasts On CarMax After Upbeat Q1 Results

CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook'

Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. In response, the company's CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.2 million in the same quarter a year earlier, according to a Friday (June 20) earnings release.

CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook'

CarMax, Inc. (KMX) Q1 2026 Earnings Call Transcript

CarMax, Inc. (NYSE:KMX ) Q1 2026 Earnings Conference Call June 20, 2025 9:00 AM ET Company Participants David L. Lowenstein - Vice President of Investor Relations Enrique N.

CarMax, Inc. (KMX) Q1 2026 Earnings Call Transcript

CNBC Television

'Halftime' Investment Committee Stocks on the Move: CarMax, Accenture and Rocket Companies

The Investment Committee debate how to trade some of their stocks on the move.

'Halftime' Investment Committee Stocks on the Move: CarMax, Accenture and Rocket Companies

Zacks Investment Research

CarMax Q1 Earnings Surpass Expectations, Revenues Increase Y/Y

KMX surpasses Q1 earnings estimates, driven by strong used-vehicle sales and rising unit volumes.

CarMax Q1 Earnings Surpass Expectations, Revenues Increase Y/Y

Top Stock Movers Now: Kroger, CarMax, Accenture, and More

U.S. equities were mixed at midday as uncertainty about the fighting between Israel and Iran led investors to be cautious ahead of the weekend. The Nasdaq fell, the Dow Jones Industrial Average rose, and the S&P 500 was little changed.

Top Stock Movers Now: Kroger, CarMax, Accenture, and More

CarMax: Tariffs Support Q1 But Credit Headwinds Persist (Upgrade)

CarMax delivered a strong Q1 beat, driven by higher volumes and record margins, but some gains may be temporary due to tariff pull-forward. Financing profits remain pressured by rising credit losses, and I expect ongoing provisioning to weigh on future earnings. CarMax shares now trade near my fair value target, reflecting a balanced risk/reward after recent underperformance and improved cost controls.

CarMax: Tariffs Support Q1 But Credit Headwinds Persist (Upgrade)

See News Rankings

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