CarMax (NYSE:KMX) Upgraded by UBS Group to “Hold” Rating

Posted by on May 29th, 2026

CarMax (NYSE:KMX – Get Free Report) was upgraded by equities research analysts at UBS Group to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on KMX. Stephens boosted their price objective on CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, April 2nd. Argus upgraded CarMax to a “hold” rating in a research report on Thursday, April 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Robert W. Baird boosted their price objective on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Barclays lowered their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $41.27.

Get Our Latest Research Report on CarMax

CarMax Stock Up 3.7%

KMX opened at $43.83 on Wednesday. The company has a market cap of $6.22 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.60 and a beta of 1.19. The business’s 50-day moving average price is $40.59 and its 200-day moving average price is $41.17. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. CarMax has a 12 month low of $30.26 and a 12 month high of $71.99.

CarMax (NYSE:KMX – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities analysts expect that CarMax will post 2.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KMX. SRS Investment Management LLC raised its position in CarMax by 1,717.5% during the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after purchasing an additional 5,327,603 shares during the last quarter. AQR Capital Management LLC raised its position in CarMax by 151.8% during the 4th quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock valued at $306,429,000 after purchasing an additional 4,780,903 shares during the last quarter. Norges Bank bought a new position in CarMax during the 4th quarter valued at approximately $159,232,000. Arrowstreet Capital Limited Partnership raised its position in CarMax by 73.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after purchasing an additional 1,494,205 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its position in CarMax by 135.2% during the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after purchasing an additional 1,338,134 shares during the last quarter.

CarMax Company Profile

(Get Free Report)

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.

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