CarMax (NYSE:KMX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Posted by Brian Himes on Jun 11th, 2026

CarMax (NYSE:KMX – Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $35.00 to $37.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 27.09% from the company’s current price.

Several other analysts also recently issued reports on the company. UBS Group assumed coverage on CarMax in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 price objective on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Barclays reduced their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Thursday, April 16th. Evercore set a $45.00 price objective on CarMax in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $41.40.

View Our Latest Analysis on KMX

CarMax Price Performance

Shares of NYSE:KMX traded up $2.25 on Thursday, hitting $50.75. The company had a trading volume of 1,720,647 shares, compared to its average volume of 3,332,873. 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 52-week low of $30.26 and a 52-week high of $71.99. The business has a 50 day moving average of $41.42 and a 200 day moving average of $41.97. The company has a market cap of $7.20 billion, a PE ratio of 31.79, a PEG ratio of 1.82 and a beta of 1.21.

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

Institutional Investors Weigh In On CarMax

A number of large investors have recently modified their holdings of KMX. SRS Investment Management LLC grew its stake in shares of CarMax by 1,717.5% in the fourth quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after buying an additional 5,327,603 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of CarMax by 151.8% in the fourth quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock valued at $306,429,000 after buying an additional 4,780,903 shares in the last quarter. Norges Bank acquired a new stake in shares of CarMax in the fourth quarter valued at about $159,232,000. Arrowstreet Capital Limited Partnership grew its stake in shares of CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after buying an additional 1,494,205 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its stake in shares of CarMax by 135.2% in the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after buying an additional 1,338,134 shares in the last quarter.

About CarMax

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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.