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CarMax (KMX) Stock Forecast, Price Target & Predictions

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KMX Stock Forecast

CarMax stock forecast is as follows: an average price target of $84.29 (represents a 0.02% upside from KMX’s last price of $84.27) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

KMX Price Target

The average price target for CarMax (KMX) is $84.29 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $72.00. This represents a potential 0.02% upside from KMX's last price of $84.27.

KMX Analyst Ratings

Buy

According to 12 Wall Street analysts, CarMax's rating consensus is 'Buy'. The analyst rating breakdown for KMX stock is 0 'Strong Buy' (0.00%), 8 'Buy' (66.67%), 4 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

CarMax Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 27, 2024Steven ShemeshRBC Capital$82.00$78.214.85%-2.69%
Sep 27, 2024Michael MontaniEvercore ISI$79.00$77.322.17%-6.25%
Sep 23, 2024Scot CiccarelliTruist Financial$75.00$76.39-1.82%-11.00%
Aug 27, 2024Garrett NelsonCFRA$100.00$84.4118.47%18.67%
Jul 17, 2024Seth BashamWedbush$95.00$84.0213.07%12.73%
Jun 24, 2024Steven ShemeshRBC Capital$75.00$71.365.11%-11.00%
Jun 24, 2024Chris PierceNeedham$87.00$72.6819.70%3.24%
Jun 21, 2024Scot CiccarelliTruist Financial$70.00$71.63-2.28%-16.93%
Jun 21, 2024Seth BashamWedbush$90.00$71.3626.12%6.80%
Jun 18, 2024David BellingerMizuho Securities$72.00$71.500.70%-14.56%
Jun 18, 2024Michael MontaniEvercore ISI$68.00$71.50-4.90%-19.31%
Apr 19, 2024Glenn ChinSeaport Global$95.00$68.3439.01%12.73%
Apr 12, 2024Chris PierceNeedham$91.00$71.9826.42%7.99%
Apr 12, 2024David BellingerMizuho Securities$75.00$71.984.20%-11.00%
Apr 12, 2024Craig KennisonRobert W. Baird$84.00$71.9816.70%-0.32%
Apr 12, 2024Steven ShemeshRBC Capital$73.00$71.981.42%-13.37%
Apr 12, 2024Michael MontaniEvercore ISI$74.00$71.982.81%-12.19%
Apr 11, 2024Garrett NelsonCFRA$70.00$70.05-0.07%-16.93%
Mar 28, 2024Glenn ChinSeaport Global$100.00$87.3514.48%18.67%
Mar 20, 2024Chris PierceNeedham$99.00$82.5919.86%17.48%
Dec 21, 2023Daniel ImbroStephens$70.00$74.68-6.27%-16.93%
Dec 21, 2023Scot CiccarelliTruist Financial$72.00$74.68-3.59%-14.56%
Sep 29, 2023Steven ShemeshRBC Capital$80.00$70.2813.83%-5.07%
Sep 26, 2023Brian NagelOppenheimer$105.00$78.2534.19%24.60%
Jun 26, 2023Chris PierceNeedham$86.21$81.256.10%2.30%
Jun 23, 2023Scot CiccarelliTruist Financial$64.00$78.32-18.28%-24.05%
Jun 20, 2023Steven ShemeshRBC Capital$70.00$78.88-11.26%-16.93%
Apr 11, 2023Adam JonasMorgan Stanley$75.00$72.213.86%-11.00%
Apr 11, 2023Seth BashamWedbush$55.00$65.86-16.49%-34.73%
Apr 11, 2023Scot CiccarelliTruist Financial$66.00$65.860.21%-21.68%
Apr 06, 2023Sharon ZackfiaWilliam Blair$2.29K$64.333455.11%2613.90%
Dec 23, 2022Steven SeedhouseRaymond James$35.00$58.52-40.19%-58.47%
Dec 23, 2022Oppenheimer$75.00$60.1624.67%-11.00%
Dec 23, 2022Michael MontaniEvercore ISI$60.00$57.204.90%-28.80%
Nov 18, 2022J.P. Morgan$60.00$66.11-9.24%-28.80%
Sep 30, 2022Brian NagelOppenheimer$100.00$65.1653.47%18.67%
May 16, 2022Michael MontaniEvercore ISI$105.00$92.6613.32%24.60%
Apr 19, 2022Rajat GuptaJ.P. Morgan$110.00$96.2914.24%30.53%
Dec 23, 2021Adam JonasMorgan Stanley$165.00$126.3130.63%95.80%
Oct 01, 2021Greg BadishkanianWolfe Research$160.00$127.1825.81%89.87%
Jun 30, 2021Kristina RuggeriArgus Research$145.00$129.1512.27%72.07%
Jun 28, 2021Scot CiccarelliTruist Financial$160.00$129.0124.02%89.87%
Jun 28, 2021Rick NelsonStephens$163.00$129.0126.35%93.43%

The latest CarMax stock forecast, released on Sep 27, 2024 by Steven Shemesh from RBC Capital, set a price target of $82.00, which represents a 4.85% increase from the stock price at the time of the forecast ($78.21), and a -2.69% decrease from KMX last price ($84.27).

CarMax Price Target by Period

1M3M12M
# Anlaysts-322
Avg Price Target-$78.67$81.64
Last Closing Price$84.27$84.27$84.27
Upside/Downside-100.00%-6.65%-3.12%

In the current month, the average price target of CarMax stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CarMax's last price of $84.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024WedbushBuyBuyHold
Oct 03, 2024Truist FinancialUnderperformUnderperformHold
Sep 27, 2024Evercore ISIPositivePositiveHold
Sep 26, 2024WedbushOutperformOutperformHold
Sep 26, 2024OppenheimerOutperformOutperformHold
Sep 26, 2024RBC CapitalOutperformOutperformHold
Sep 17, 2024WedbushBuyBuyHold
Aug 16, 2024WedbushBuyBuyHold
Aug 16, 2024Truist FinancialUnderperformUnderperformHold
Jul 17, 2024WedbushOutperformOutperformHold
Jul 16, 2024WedbushBuyBuyHold
Jun 24, 2024RBC CapitalOutperformOutperformHold
Jun 24, 2024NeedhamBuyBuyHold
Jun 21, 2024WedbushOutperformOutperformHold
Jun 21, 2024OppenheimerOutperformOutperformHold
Jun 06, 2024WedbushBuyBuyHold
May 16, 2024WedbushBuyBuyHold
Apr 19, 2024Seaport GlobalBuyBuyHold
Apr 12, 2024Mizuho SecuritiesNeutralNeutralHold
Apr 12, 2024NeedhamBuyBuyHold
Apr 12, 2024RBC CapitalOutperformOutperformHold
Apr 11, 2024CFRAHoldHoldHold
Apr 09, 2024StephensEqual-WeightEqual-WeightHold
Apr 08, 2024WedbushBuyBuyHold
Apr 02, 2024WedbushOutperformOutperformHold
Mar 28, 2024Seaport GlobalBuyBuyHold
Mar 19, 2024WedbushHoldHoldHold
Feb 16, 2024WedbushHoldHoldHold
Jan 17, 2024WedbushHoldHoldHold
Dec 22, 2023WedbushEqual-WeightEqual-WeightHold
Dec 21, 2023WedbushOutperformOutperformHold
Dec 21, 2023StephensEqual-WeightEqual-WeightHold
Sep 29, 2023NeedhamHoldHoldHold
Sep 29, 2023RBC CapitalOutperformOutperformHold
Sep 26, 2023OppenheimerOutperformOutperformHold
Sep 25, 2023WedbushNeutralOutperformUpgrade
Jun 26, 2023NeedhamHoldHoldHold
Jun 23, 2023StephensEqual-WeightEqual-WeightHold
Jun 23, 2023OppenheimerOutperformOutperformHold
Jun 23, 2023WedbushNeutralNeutralHold
Jun 20, 2023RBC CapitalOutperformOutperformHold
Apr 12, 2023NeedhamHoldHoldHold
Apr 11, 2023Morgan StanleyOutperformOutperformHold
Apr 11, 2023OppenheimerOutperformOutperformHold
Apr 11, 2023WedbushNeutralNeutralHold
Apr 11, 2023StephensEqual-WeightEqual-WeightHold
Apr 06, 2023William BlairOutperformOutperformHold
Jan 05, 2023Argus ResearchHoldDowngrade
Dec 29, 2022Morgan StanleyOverweightOverweightHold
Dec 23, 2022NeedhamBuyBuyHold
Dec 23, 2022OppenheimerOutperformOutperformHold
Dec 23, 2022WedbushOutperformOutperformHold
Oct 04, 2022Morgan StanleyBuyBuyHold
Sep 29, 2022RBC CapitalOutperformOutperformHold
Jun 27, 2022RBC CapitalOutperformOutperformHold
Jun 27, 2022NeedhamHoldHoldHold
May 16, 2022Evercore ISIOutperformInitialise
May 02, 2022NeedhamHoldInitialise
Apr 26, 2022Seaport GlobalBuyUpgrade
Sep 29, 2021WedbushNeutralNeutralHold

CarMax's last stock rating was published by Wedbush on Oct 22, 2024. The company gave KMX a "Buy" rating, the same as its previous rate.

CarMax Financial Forecast

CarMax Revenue Forecast

Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
Revenue---------------$7.69M--$8.14B$9.31B--$7.99B$7.70B--$5.37B$3.23B--
Avg Forecast$6.06B$6.40B$7.24B$7.49B$6.05B$6.30B$7.11B$7.30B$5.80B$6.04B$6.83B$7.16B$5.78B$6.29B$7.02B$7.49B$6.11B$8.61B$8.54B$9.06B$7.50B$7.38B$6.91B$6.18B$5.17B$5.01B$5.20B$2.71B$4.71B$4.68B
High Forecast$6.34B$6.70B$7.58B$7.84B$6.33B$6.59B$7.44B$7.64B$6.04B$6.15B$6.87B$7.16B$5.79B$6.48B$7.35B$7.84B$6.40B$10.33B$8.92B$9.46B$7.83B$7.70B$7.21B$6.45B$5.40B$5.23B$5.43B$2.83B$4.91B$4.88B
Low Forecast$5.75B$6.08B$6.88B$7.11B$5.75B$5.98B$6.75B$6.93B$5.55B$5.88B$6.79B$7.16B$5.77B$6.07B$6.67B$7.12B$5.80B$6.89B$8.22B$8.71B$7.21B$7.10B$6.64B$5.95B$4.98B$4.82B$5.00B$2.61B$4.53B$4.50B
# Analysts5107510854111055911588174455510566121010
Surprise %---------------0.00%--0.95%1.03%--1.16%1.24%--1.03%1.19%--

CarMax's average Quarter revenue forecast for Aug 23 based on 5 analysts is $7.02B, with a low forecast of $6.67B, and a high forecast of $7.35B. KMX's average Quarter revenue forecast represents a 91278.02% increase compared to the company's last Quarter revenue of $7.69M (May 23).

CarMax EBITDA Forecast

Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts5107510854111055911588174455510566121010
EBITDA---------------$257.60K--$330.25M$484.65M--$517.77M$650.21M--$552.74M$86.46M--
Avg Forecast$327.54M$346.27M$391.72M$404.91M$327.29M$340.50M$384.41M$394.79M$313.65M$326.84M$369.37M$387.26M$513.89M$340.34M$379.81M$405.25M$467.18M$482.57M$437.90M$464.36M$424.71M$378.15M$354.11M$316.93M$653.07M$256.92M$266.59M$139.14M$302.89M$239.86M
High Forecast$342.79M$362.39M$409.96M$423.75M$342.53M$356.35M$402.30M$413.17M$326.81M$332.29M$371.45M$387.26M$616.67M$350.64M$397.48M$424.11M$560.61M$579.08M$457.01M$484.62M$509.65M$394.65M$369.56M$330.76M$783.69M$268.13M$278.22M$145.22M$363.47M$250.33M
Low Forecast$311.08M$328.87M$372.04M$384.56M$310.85M$323.39M$365.09M$374.95M$299.94M$318.11M$367.29M$387.26M$411.11M$328.42M$360.72M$384.88M$373.74M$386.06M$421.16M$446.61M$339.76M$363.70M$340.57M$304.81M$522.46M$247.10M$256.40M$133.83M$242.31M$230.70M
Surprise %---------------0.00%--0.75%1.04%--1.46%2.05%--2.07%0.62%--

5 analysts predict KMX's average Quarter EBITDA for Aug 23 to be $379.81M, with a high of $397.48M and a low of $360.72M. This is 147340.53% upper than CarMax's previous annual EBITDA (May 23) of $257.60K.

CarMax Net Income Forecast

Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts5107510854111055911588174455510566121010
Net Income---------------$199.00K--$125.91M$252.26M--$285.27M$436.76M--$296.70M$4.98M--
Avg Forecast$118.96M$126.79M$186.27M$201.92M$107.78M$118.74M$164.13M$192.08M$85.48M$95.82M$133.46M$148.56M$235.18M$65.82M$117.61M$123.65M$213.80M$257.28M$218.13M$237.08M$194.36M$226.74M$294.72M$255.79M$208.28M$176.56M$172.18M$5.81M$182.60M$180.91M
High Forecast$126.16M$134.46M$197.54M$214.14M$114.30M$125.92M$174.06M$203.70M$101.97M$122.53M$134.69M$148.57M$282.21M$90.31M$124.72M$131.14M$256.56M$308.73M$227.67M$250.53M$233.23M$239.60M$311.44M$270.30M$249.93M$186.58M$181.95M$6.14M$219.12M$191.18M
Low Forecast$111.19M$118.50M$174.10M$188.73M$100.74M$110.98M$153.41M$179.53M$64.48M$80.11M$132.24M$148.55M$188.14M$42.86M$109.92M$115.58M$171.04M$205.82M$208.59M$225.30M$155.49M$215.47M$280.07M$243.08M$166.62M$167.79M$163.62M$5.52M$146.08M$171.93M
Surprise %---------------0.00%--0.58%1.06%--0.97%1.71%--1.72%0.86%--

CarMax's average Quarter net income forecast for Aug 23 is $117.61M, with a range of $109.92M to $124.72M. KMX's average Quarter net income forecast represents a 58998.40% increase compared to the company's last Quarter net income of $199.00K (May 23).

CarMax SG&A Forecast

Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts5107510854111055911588174455510566121010
SG&A---------------$559.80K--$681.90M$671.40M--$586.69M$554.10M--$501.60M$373.72M--
Avg Forecast$531.28M$561.66M$635.39M$656.77M$530.88M$552.30M$623.53M$640.36M$508.75M$530.14M$599.13M$628.14M$932.40M$552.04M$616.06M$657.33M$847.64M$562.03M$749.30M$794.58M$770.58M$647.06M$605.92M$542.30M$597.32M$439.62M$456.17M$238.09M$411.80M$410.44M
High Forecast$556.01M$587.81M$664.96M$687.34M$555.59M$578.01M$652.55M$670.17M$530.10M$538.99M$602.51M$628.14M$1.12B$568.75M$644.73M$687.92M$1.02B$674.44M$782.00M$829.25M$924.70M$675.30M$632.36M$565.97M$716.79M$458.80M$476.08M$248.48M$494.17M$428.35M
Low Forecast$504.58M$533.44M$603.46M$623.76M$504.20M$524.55M$592.19M$608.18M$486.51M$515.98M$595.75M$628.14M$745.92M$532.70M$585.10M$624.29M$678.11M$449.63M$720.67M$764.21M$616.46M$622.33M$582.76M$521.58M$477.86M$422.82M$438.74M$228.99M$329.44M$394.75M
Surprise %---------------0.00%--0.91%0.84%--0.97%1.02%--1.10%1.57%--

CarMax's average Quarter SG&A projection for Aug 23 is $616.06M, based on 5 Wall Street analysts, with a range of $585.10M to $644.73M. The forecast indicates a 109949.76% rise compared to KMX last annual SG&A of $559.80K (May 23).

CarMax EPS Forecast

Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts5107510854111055911588174455510566121010
EPS---------------$1.44--$0.79$1.57--$1.75$2.68--$1.82$0.03--
Avg Forecast$0.76$0.81$1.19$1.29$0.69$0.76$1.05$1.23$0.55$0.61$0.85$0.95$0.46$0.42$0.75$0.79$0.20$1.95$1.39$1.51$1.27$1.45$1.88$1.63$1.24$1.13$1.10$0.04$1.13$1.16
High Forecast$0.81$0.86$1.26$1.37$0.73$0.80$1.11$1.30$0.65$0.78$0.86$0.95$0.47$0.58$0.80$0.84$0.21$2.07$1.45$1.60$1.34$1.53$1.99$1.73$1.31$1.19$1.16$0.04$1.19$1.22
Low Forecast$0.71$0.76$1.11$1.21$0.64$0.71$0.98$1.15$0.41$0.51$0.84$0.95$0.45$0.27$0.70$0.74$0.18$1.83$1.33$1.44$1.21$1.38$1.79$1.55$1.18$1.07$1.05$0.04$1.07$1.10
Surprise %---------------1.82%--0.57%1.04%--0.93%1.64%--1.65%0.82%--

According to 5 Wall Street analysts, CarMax's projected average Quarter EPS for Aug 23 is $0.75, with a low estimate of $0.70 and a high estimate of $0.80. This represents a -47.82% decrease compared to KMX previous annual EPS of $1.44 (May 23).

CarMax Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ANAutoNation$170.49$229.0034.32%Buy
AAPAdvance Auto Parts$44.46$54.0021.46%Hold
ROSTRoss Stores$150.85$177.6717.78%Buy
AZOAutoZone$3.32K$3.40K2.47%Buy
KMXCarMax$83.12$84.291.41%Buy
ORLYO'Reilly Automotive$1.25K$1.24K-0.17%Buy

KMX Forecast FAQ

Is CarMax a good buy?

Yes, according to 12 Wall Street analysts, CarMax (KMX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 66.67% of KMX's total ratings.

What is KMX's price target?

CarMax (KMX) average price target is $84.29 with a range of $72 to $100, implying a 0.02% from its last price of $84.27. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will CarMax stock go up soon?

According to Wall Street analysts' prediction for KMX stock, the company can go up by 0.02% (from the last price of $84.27 to the average price target of $84.29), up by 18.67% based on the highest stock price target, and down by -14.56% based on the lowest stock price target.

Can CarMax stock reach $130?

KMX's average twelve months analyst stock price target of $84.29 does not support the claim that CarMax can reach $130 in the near future.

Did the KMX's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (May 2023), CarMax's revenue was $7.69M, missing the average analysts' forecast of $7.49B by -99.90%. The company's EBITDA was $257.6K, missing the average prediction of $405.25M by -99.94%. CarMax's net income was $199K, missing the average estimation of $123.65M by -99.84%. The company's SG&A was $559.8K, missing the average forecast of $657.33M by -99.91%. Lastly, the company's EPS was $1.44, beating the average prediction of $0.79 by 82.28%