CarMax’s (KMX) “Strong Sell” Rating Reiterated at BNP Paribas Exane

Posted by Brenda Bartman on Oct 3rd, 2026

BNP Paribas Exane restated their strong sell rating on shares of CarMax (NYSE:KMX – Free Report) in a research note released on Wednesday morning, MarketBeat.com reports. BNP Paribas Exane currently has a $48.00 price objective on the stock, up from their previous price objective of $33.00.

KMX has been the subject of a number of other research reports. Zacks Research lowered CarMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. UBS Group set a $60.00 price target on shares of CarMax in a research report on Wednesday, July 29th. Morgan Stanley upped their price target on shares of CarMax from $44.00 to $47.00 and gave the stock a “cautious” rating in a research note on Wednesday, September 23rd. Stephens increased their price objective on shares of CarMax from $66.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, September 25th. Finally, Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $56.71.

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CarMax Price Performance

Shares of NYSE KMX opened at $54.91 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.33 and a quick ratio of 0.82. The firm has a market capitalization of $7.79 billion, a PE ratio of 26.79, a P/E/G ratio of 1.68 and a beta of 1.23. CarMax has a 1-year low of $30.26 and a 1-year high of $65.28. The business’s fifty day moving average price is $59.40 and its two-hundred day moving average price is $50.43.

CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.43. CarMax had a net margin of 1.06% and a return on equity of 7.76%. The company had revenue of $7.88 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts expect that CarMax will post 2.89 EPS for the current year.

Institutional Investors Weigh In On CarMax

Several large investors have recently modified their holdings of KMX. State Street Corp increased its holdings in shares of CarMax by 5.6% in the 2nd quarter. State Street Corp now owns 5,156,276 shares of the company’s stock valued at $272,715,000 after purchasing an additional 271,216 shares during the period. Jupiter Topco LLC acquired a new stake in shares of CarMax during the second quarter worth approximately $245,676,000. Janus Henderson Group PLC grew its position in CarMax by 1.1% during the first quarter. Janus Henderson Group PLC now owns 4,580,807 shares of the company’s stock valued at $190,471,000 after purchasing an additional 49,987 shares in the last quarter. Primecap Management Co. CA purchased a new position in CarMax during the second quarter valued at approximately $230,548,000. Finally, Dimensional Fund Advisors LP increased its stake in CarMax by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,275,663 shares of the company’s stock valued at $177,767,000 after buying an additional 289,768 shares during the period.

CarMax Company Profile

(Get Free Report)

CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.

In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.