CarMax (KMX) Stock Forecast, Price Target & Predictions
KMX Stock Forecast
CarMax stock forecast is as follows: an average price target of $218.00 (represents a 189.51% upside from KMX’s last price of $75.30) 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 $218.00 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $2.29K to $35.00. This represents a potential 189.51% upside from KMX's last price of $75.30.
KMX Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 27, 2024 | Steven Shemesh | RBC Capital | $82.00 | $78.21 | 4.85% | 8.90% |
| Sep 27, 2024 | Michael Montani | Evercore ISI | $79.00 | $77.32 | 2.17% | 4.91% |
| Sep 23, 2024 | Scot Ciccarelli | Truist Financial | $75.00 | $76.39 | -1.82% | -0.40% |
| Aug 27, 2024 | Garrett Nelson | CFRA | $100.00 | $84.41 | 18.47% | 32.80% |
| Jul 17, 2024 | Seth Basham | Wedbush | $95.00 | $84.02 | 13.07% | 26.16% |
| Jun 24, 2024 | Steven Shemesh | RBC Capital | $75.00 | $71.36 | 5.11% | -0.40% |
| Jun 24, 2024 | Chris Pierce | Needham | $87.00 | $72.68 | 19.70% | 15.54% |
| Jun 21, 2024 | Scot Ciccarelli | Truist Financial | $70.00 | $71.63 | -2.28% | -7.04% |
| Jun 21, 2024 | Seth Basham | Wedbush | $90.00 | $71.36 | 26.12% | 19.52% |
| Jun 18, 2024 | David Bellinger | Mizuho Securities | $72.00 | $71.50 | 0.70% | -4.38% |
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 8.90% increase from KMX last price ($75.30).
CarMax Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 22 |
| Avg Price Target | - | $84.00 | $81.64 |
| Last Closing Price | $75.30 | $75.30 | $75.30 |
| Upside/Downside | -100.00% | 11.55% | 8.42% |
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 $75.30. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | Wedbush | Buy | Buy | Hold |
| Oct 03, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Sep 27, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 26, 2024 | Wedbush | Outperform | Outperform | Hold |
| Sep 26, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Sep 26, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 17, 2024 | Wedbush | Buy | Buy | Hold |
| Aug 16, 2024 | Wedbush | Buy | Buy | Hold |
| Aug 16, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Jul 17, 2024 | Wedbush | Outperform | Outperform | Hold |
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 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | May 19 | Mar 19 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $7.69M | - | - | $8.14B | $9.31B | - | - | $7.99B | $7.70B | - | - | $5.37B | $3.23B | - | - | $5.20B | $5.37B | - | - |
| Avg Forecast | $5.95B | $6.24B | $7.11B | $7.27B | $5.79B | $6.03B | $6.83B | $7.16B | $5.78B | $6.29B | $7.02B | $7.49B | $6.11B | $7.16B | $8.54B | $9.06B | $7.50B | $7.38B | $6.91B | $6.18B | $5.17B | $5.01B | $5.20B | $2.71B | $4.71B | $4.68B | $5.05B | $5.17B | $4.36B | $4.61B |
| High Forecast | $6.22B | $6.52B | $7.43B | $7.60B | $6.04B | $6.14B | $6.87B | $7.16B | $5.79B | $6.48B | $7.34B | $7.83B | $6.38B | $7.48B | $8.92B | $9.46B | $7.83B | $7.70B | $7.21B | $6.45B | $5.40B | $5.23B | $5.43B | $2.83B | $4.91B | $4.88B | $5.27B | $5.40B | $4.55B | $5.54B |
| Low Forecast | $5.70B | $5.98B | $6.81B | $6.96B | $5.55B | $5.88B | $6.79B | $7.16B | $5.77B | $6.07B | $6.72B | $7.17B | $5.85B | $6.85B | $8.22B | $8.71B | $7.21B | $7.10B | $6.64B | $5.95B | $4.98B | $4.82B | $5.00B | $2.61B | $4.53B | $4.50B | $4.86B | $4.98B | $4.19B | $3.69B |
| # Analysts | 8 | 4 | 4 | 4 | 10 | 10 | 5 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 6 | 6 | 12 | 10 | 10 | 9 | 8 | 5 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.00% | - | - | 0.95% | 1.03% | - | - | 1.16% | 1.24% | - | - | 1.03% | 1.19% | - | - | 1.03% | 1.04% | - | - |
CarMax's average Quarter revenue forecast for Aug 23 based on 5 analysts is $7.02B, with a low forecast of $6.72B, and a high forecast of $7.34B. 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 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | May 19 | Mar 19 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 4 | 4 | 4 | 10 | 10 | 5 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 6 | 6 | 12 | 10 | 10 | 9 | 8 | 5 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $257.60K | - | - | $330.25M | $484.65M | - | - | $517.77M | $650.21M | - | - | $552.74M | $86.46M | - | - | $378.57M | $420.55M | - | - |
| Avg Forecast | $321.73M | $337.61M | $384.59M | $393.29M | $313.01M | $325.89M | $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 | $258.94M | $265.18M | $295.45M | $308.34M |
| High Forecast | $336.12M | $352.71M | $401.79M | $410.88M | $326.71M | $331.88M | $371.45M | $387.26M | $616.67M | $350.64M | $396.79M | $423.37M | $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 | $270.24M | $276.75M | $354.54M | $370.01M |
| Low Forecast | $307.96M | $323.16M | $368.13M | $376.46M | $299.85M | $317.71M | $367.29M | $387.26M | $411.11M | $328.42M | $363.55M | $387.90M | $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 | $249.04M | $255.04M | $236.36M | $246.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.00% | - | - | 0.75% | 1.04% | - | - | 1.46% | 2.05% | - | - | 2.07% | 0.62% | - | - | 1.46% | 1.59% | - | - |
5 analysts predict KMX's average Quarter EBITDA for Aug 23 to be $379.81M, with a high of $396.79M and a low of $363.55M. This is 147340.53% upper than CarMax's previous annual EBITDA (May 23) of $257.60K.
CarMax Net Income Forecast
| Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | May 19 | Mar 19 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 4 | 4 | 4 | 10 | 10 | 5 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 6 | 6 | 12 | 10 | 10 | 9 | 8 | 5 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $199.00K | - | - | $125.91M | $252.26M | - | - | $285.27M | $436.76M | - | - | $296.70M | $4.98M | - | - | $233.60M | $266.74M | - | - |
| Avg Forecast | $106.12M | $118.02M | $164.35M | $190.02M | $83.48M | $94.54M | $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 | $207.73M | $232.89M | $175.89M | $136.19M |
| High Forecast | $112.29M | $124.88M | $173.91M | $201.07M | $101.36M | $122.90M | $134.69M | $148.57M | $282.21M | $90.31M | $124.44M | $130.84M | $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 | $219.52M | $246.10M | $211.07M | $163.42M |
| Low Forecast | $100.22M | $111.45M | $155.21M | $179.45M | $64.10M | $78.78M | $132.24M | $148.55M | $188.14M | $42.86M | $111.06M | $116.77M | $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 | $197.41M | $221.32M | $140.71M | $108.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.00% | - | - | 0.58% | 1.06% | - | - | 0.97% | 1.71% | - | - | 1.72% | 0.86% | - | - | 1.12% | 1.15% | - | - |
CarMax's average Quarter net income forecast for Aug 23 is $117.61M, with a range of $111.06M to $124.44M. 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 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | May 19 | Mar 19 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 4 | 4 | 4 | 10 | 10 | 5 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 6 | 6 | 12 | 10 | 10 | 9 | 8 | 5 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $559.80K | - | - | $681.90M | $671.40M | - | - | $586.69M | $554.10M | - | - | $501.60M | $373.72M | - | - | $480.83M | $489.66M | - | - |
| Avg Forecast | $521.86M | $547.61M | $623.82M | $637.93M | $507.71M | $528.60M | $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 | $443.07M | $453.75M | $391.84M | $455.80M |
| High Forecast | $545.20M | $572.10M | $651.72M | $666.46M | $529.94M | $538.33M | $602.51M | $628.14M | $1.12B | $568.75M | $643.61M | $686.72M | $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 | $462.41M | $473.55M | $470.21M | $546.96M |
| Low Forecast | $499.52M | $524.17M | $597.12M | $610.62M | $486.37M | $515.34M | $595.75M | $628.14M | $745.92M | $532.70M | $589.69M | $629.19M | $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 | $426.14M | $436.41M | $313.48M | $364.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.00% | - | - | 0.91% | 0.84% | - | - | 0.97% | 1.02% | - | - | 1.10% | 1.57% | - | - | 1.09% | 1.08% | - | - |
CarMax's average Quarter SG&A projection for Aug 23 is $616.06M, based on 5 Wall Street analysts, with a range of $589.69M to $643.61M. The forecast indicates a 109949.76% rise compared to KMX last annual SG&A of $559.80K (May 23).
CarMax EPS Forecast
| Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | May 19 | Mar 19 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 4 | 4 | 4 | 10 | 10 | 5 | 5 | 9 | 11 | 5 | 5 | 7 | 5 | 4 | 4 | 5 | 5 | 5 | 10 | 5 | 6 | 6 | 12 | 10 | 10 | 9 | 8 | 5 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $1.44 | - | - | $0.79 | $1.57 | - | - | $1.75 | $2.68 | - | - | $1.82 | $0.03 | - | - | $1.41 | $1.60 | - | - |
| Avg Forecast | $0.68 | $0.75 | $1.05 | $1.21 | $0.53 | $0.60 | $0.85 | $0.95 | $0.46 | $0.42 | $0.75 | $0.79 | $0.20 | $0.65 | $1.39 | $1.51 | $1.27 | $1.45 | $1.88 | $1.63 | $1.24 | $1.13 | $1.10 | $0.04 | $1.13 | $1.16 | $1.33 | $1.49 | $1.04 | $0.97 |
| High Forecast | $0.72 | $0.80 | $1.11 | $1.28 | $0.65 | $0.79 | $0.86 | $0.95 | $0.47 | $0.58 | $0.80 | $0.84 | $0.21 | $0.69 | $1.45 | $1.60 | $1.34 | $1.53 | $1.99 | $1.73 | $1.31 | $1.19 | $1.16 | $0.04 | $1.19 | $1.22 | $1.40 | $1.57 | $1.09 | $1.16 |
| Low Forecast | $0.64 | $0.71 | $0.99 | $1.15 | $0.41 | $0.50 | $0.84 | $0.95 | $0.45 | $0.27 | $0.71 | $0.75 | $0.19 | $0.62 | $1.33 | $1.44 | $1.21 | $1.38 | $1.79 | $1.55 | $1.18 | $1.07 | $1.05 | $0.04 | $1.07 | $1.10 | $1.26 | $1.41 | $0.98 | $0.78 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.82% | - | - | 0.57% | 1.04% | - | - | 0.93% | 1.64% | - | - | 1.65% | 0.82% | - | - | 1.06% | 1.08% | - | - |
According to 5 Wall Street analysts, CarMax's projected average Quarter EPS for Aug 23 is $0.75, with a low estimate of $0.71 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AAP | Advance Auto Parts | $38.50 | $154.32 | 300.83% | Hold |
| KMX | CarMax | $75.30 | $218.00 | 189.51% | Buy |
| AN | AutoNation | $164.83 | $193.00 | 17.09% | Buy |
| ROST | Ross Stores | $139.26 | $154.52 | 10.96% | Buy |
| AZO | AutoZone | $3.11K | $2.91K | -6.29% | Buy |
| ORLY | O'Reilly Automotive | $1.20K | $931.00 | -22.45% | Buy |