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

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]

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

positive
78%
neutral
22%
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

Financial journalist opinion

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

Positive
Seeking Alpha
1 week ago
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)
Positive
Forbes
1 week ago
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?
Positive
Benzinga
2 weeks ago
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
Positive
Benzinga
2 weeks ago
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
Negative
PYMNTS
2 weeks ago
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'
Neutral
Seeking Alpha
2 weeks ago
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
Neutral
CNBC Television
2 weeks ago
'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
Positive
Zacks Investment Research
2 weeks ago
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
Neutral
Investopedia
2 weeks ago
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
Neutral
Seeking Alpha
2 weeks ago
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)
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