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KMX Stock Forecast: CarMax, Inc. Price Predictions for 2026-2027

Last close, 11 Sept 2026
$61
+1.32% on the day

The 19 Wall Street analysts covering CarMax, Inc. hold a median 12-month price target of $55 — -10.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 61 of 100 as at 12 Sept 2026 — in the upper half.

Market cap
$8.7B
Ticker Nerd rank
61 / 100
Median analyst target
$55
Analysts covering
19
Revenue$8.0B+6.2% y/y
Operating income$31.7M
Net income$185.6M
Free cash flow−$85.7M
Quarterly, 8 quarters to 31 May 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−2.1%
1M
+5.4%
YTD
+58.7%
1Y
+0.1%
From 52W high
−4.5%
From 52W low
+98.6%
$31
$64
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

KMX stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores CarMax, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 12 Sept 2026
61 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Issuance
98
Revisions
84
Accruals
75
Momentum
52
Value
52
Volatility
43
Quality
37
Growth
25
Size
17

Issuance (98): The share count has been shrinking and the company is not leaning on new borrowing.

Growth (25): Sales and profits are flat, shrinking, or growing more slowly than they were.

Size (17): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

KMX stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on KMX, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$40$60$80$100Oct 25Jan 26Apr 26Jul 26KMXHigh $96Median $55Low $33

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says19 analysts
3 Buy14 Hold2 Sell
Low $33Median $55High $96

The green dot is the last close — the median target sits −10.3% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 10 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
29 July 2026JP MorganUpgradeNeutral$38 → $60
21 July 2026BarclaysUpgradeEqual-Weight—
21 July 2026BarclaysUpgradeEqual-Weight$37 → $61
23 June 2026Morgan StanleyMaintainsEqual-Weight$35 → $44
23 June 2026Morgan StanleyMaintainsEqual-Weight—
23 June 2026UBSMaintainsNeutral—
23 June 2026UBSMaintainsNeutral$42 → $57
22 June 2026BarclaysMaintainsUnderweight—
22 June 2026BarclaysMaintainsUnderweight$31 → $37
18 June 2026B of A SecuritiesMaintainsUnderperform$40 → $45
18 June 2026B of A SecuritiesMaintainsUnderperform—
18 June 2026BairdMaintainsOutperform—
18 June 2026BairdMaintainsOutperform$48 → $55
18 June 2026Evercore ISI GroupMaintainsIn-Line$45 → $58
18 June 2026Evercore ISI GroupMaintainsIn-Line—
18 June 2026JP MorganMaintainsUnderweight$37 → $38
18 June 2026JP MorganMaintainsUnderweight—
18 June 2026MizuhoMaintainsNeutral$38 → $43
18 June 2026MizuhoMaintainsNeutral—
18 June 2026RBC CapitalMaintainsSector Perform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. KMX appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

KMX vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 11 Sept 2026, CarMax, Inc. returned +0.1% against +17.5% for the S&P 500, dividends included.

KMX vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Oct 25Jan 26Apr 26Jul 26KMXS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

KMX analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+17.7%
Analysts raising
2
Analysts cutting
0
Fundamentals

CarMax, Inc. (KMX) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
38.1×

Cheaper than 20% of US stocks

Price / sales
0.3×

Cheaper than 89% of US stocks

Price / book
1.4×

Cheaper than 58% of US stocks

EV / EBITDA
26.6×

Cheaper than 10% of US stocks

Growth & margins
Revenue growth (YoY)
5.5%

Higher than 40% of US stocks

Earnings growth (YoY)
−11.8%

Higher than 25% of US stocks

Gross margin
10.7%

Higher than 10% of US stocks

Operating margin
3.4%

Higher than 51% of US stocks

Net margin
0.8%

Higher than 49% of US stocks

Returns & dividend
Return on equity
3.6%

Higher than 51% of US stocks

Return on assets
1.6%

Higher than 55% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

CarMax, Inc. (KMX) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • CarMax, Inc. has a market value of $8.7B and an enterprise value of $27.4B.

  • Revenue in the twelve months to 31 May 2026: $26.3B. The latest quarter grew 5.5% year on year.

  • Net income over the same four quarters: $222.5M, a 0.8% net margin.

  • Diluted earnings per share, trailing twelve months: $1.53.

  • Free cash flow in the twelve months to 31 May 2026: $994.3M, after $507.6M of capital spending.

  • CarMax, Inc. spent $441.1M on share buybacks in the twelve months to 31 May 2026.

  • Shares outstanding: 141.9M.

  • Trailing P/E: 38.1×; forward P/E: 20.0× — the forward figure prices analyst consensus estimates, not reported earnings.

  • CarMax, Inc. employs 28,000 people — $941K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 May 2026 · market figures as at 13 Sept 2026

Data provided by Twelve Data

Peers

KMX vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelAuto & Truck Dealerships
CompanyMarket capTKN rank
KMXCarMax, Inc.$8.7B
61
LADLithia Motors, Inc.$8.2B
49
ANAutoNation, Inc.$7.0B
58
RUSHARush Enterprises, Inc.$5.7B
90
PAGPenske Automotive Group, Inc.$14.2B
62
OPLNOPENLANE, Inc.$4.3B
68
VVVValvoline, Inc.$3.9B
52

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own CarMax, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest KMX news & analysis

CarMax Announces Second Quarter Conference Call

Business Wire · 9 Sept 2026neutral

CarMax announced it will report financial results for the second quarter ended August 31, 2026 before the market opens on September 29, 2026, and will host a conference call with investors at 8:00 a.m. ET to discuss the results. The call will include President and CEO Keith Barr, CFO Enrique Mayor-Mora, and Jon Daniels, Executive Vice President of CarMax Auto Finance.

Why it matters — KMX watchers would care because the upcoming earnings report and conference call will provide details on the company's second-quarter financial performance.

CARMAX, INC. (NYSE: KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty

GlobeNewsWire · 2 Sept 2026negative

Bernstein Liebhard LLP announced it is investigating potential breaches of fiduciary duty by certain directors and officers of CarMax, Inc. The investigation was disclosed in a shareholder alert on September 2, 2026.

Why it matters — KMX watchers may care because the shareholder investigation could signal governance or legal concerns involving CarMax leadership.

Will CarMax (KMX) Beat Estimates Again in Its Next Earnings Report?

Zacks Investment Research · 31 Aug 2026positive

Zacks reports that CarMax (KMX) has an impressive earnings surprise history and currently holds the right combination of key ingredients to potentially beat estimates in its next quarterly report.

Why it matters — KMX watchers would care because the item signals the company may continue its pattern of exceeding earnings expectations.

CARMAX, INC. (KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty

Newsfile Corp · 26 Aug 2026negative

Bernstein Liebhard LLP announced it is investigating potential breaches of fiduciary duty by certain directors and officers of CarMax, Inc. The law firm is examining whether the company's leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Why it matters — KMX investors would care because the investigation raises questions about the conduct of the company's leadership and the possibility of legal action against them.

Carvana Jumps 5% as Risk Appetite Returns to High-Beta Names; CarMax and Lithia Motors Inch Higher

24/7 Wall Street · 25 Aug 2026neutral

On Tuesday, risk appetite returned to high-beta auto retail names, with Carvana rising 5% while CarMax and Lithia Motors inched higher as investors showed renewed appetite for the sector.

Why it matters — A KMX watcher would care because shifts in risk appetite toward high-beta auto retailers can influence trading sentiment across the sector, including CarMax.

FAQ

Frequently asked questions about KMX stock

What is the KMX stock price forecast for 2026-2027?

The 19 Wall Street analysts covering CarMax, Inc. have a median 12-month price target of $55, with estimates ranging from $33 to $96. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is KMX stock a buy right now?

Of the 19 analysts covering CarMax, Inc., 3 rate it a Buy, 14 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks CarMax, Inc. 61 out of 100 across roughly 4,600 US stocks as at 12 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank KMX?

As at 12 Sept 2026, CarMax, Inc. ranks 61 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Issuance (98 of 100).

Will KMX stock go up?

No one can know that. What the data says: the median 12-month target from 19 analysts implies -10.3% from the last close, and Ticker Nerd's factor model ranks CarMax, Inc. 61 out of 100 as at 12 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the KMX stock forecast for 2030?

No analyst covering CarMax, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for KMX are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $33 to $96 over the next 12 months.

How has KMX stock performed over the past year?

CarMax, Inc. returned +0.1% over the 12 months to 11 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does CarMax, Inc. do?

CarMax Inc. is a leading used vehicle retailer in the United States that offers a broad selection of pre-owned cars, trucks, and SUVs through a combination of physical stores and digital shopping tools.

What is the latest news on KMX?

The most recent item we track (Business Wire, 9 Sept 2026): "CarMax Announces Second Quarter Conference Call". CarMax announced it will report financial results for the second quarter ended August 31, 2026 before the market opens on September 29, 2026, and will host a conference call with investors at 8:00 a.m. ET to discuss the results. The call will include President and CEO Keith Barr, CFO Enrique Mayor-Mora, and Jon Daniels, Executive Vice President of CarMax Auto Finance.

Company

About CarMax, Inc.

CarMax Inc. is a leading used vehicle retailer in the United States that offers a broad selection of pre-owned cars, trucks, and SUVs through a combination of physical stores and digital shopping tools. The company’s core business centers on buying, reconditioning, merchandising, and selling used vehicles, supported by vehicle service offerings and customer-friendly pricing. CarMax Inc. also operates CarMax Auto Finance, which provides financing solutions for retail vehicle buyers, adding an integrated lending component to its marketplace. In addition, the company participates in wholesale vehicle auctions, helping move inventory across its nationwide network. Its business model is built around a streamlined, omnichannel car-buying experience that serves individual consumers across multiple stages of ownership and financing. Founded in 1993 and headquartered in Richmond, Virginia, CarMax Inc. plays a major role in automotive retail and used-vehicle finance.

CEO Mr. Keith Barr · 28,000 employees · United States · https://www.carmax.com