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Overview
Forecast
Valuation

Line

Candle

YTD

High

66.900

Open

65.810

VWAP

66.08

Vol

791.85K

Mkt Cap

9.93B

Low

65.000

Amount

52.33M

EV/EBITDA(TTM)

56.83

Total Shares

156.35M

28.57B

EV/OCF(TTM)

45.75

P/S(TTM)

0.39

CarMax, Inc. is a retailer of used vehicles. The Company’s segments include CarMax Sales Operations and CarMax Auto Finance (CAF). Its CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. Its CAF segment consists of its own finance operation that provides financing to customers buying retail vehicles from CarMax. The CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. Its omni-channel platform provides multiple ways for its customers to interact. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services. EPP products include extended service plans and guaranteed asset protection that covers the unpaid balance on an auto loan in the event of a total loss of the vehicle or unrecovered theft.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q3

FY2026Q2

FY2026Q1

6.47B

+4.01%

0.827

+2.09%

7.27B

+3.7%

1.067

+25.52%

7.59B

+6.65%

1.205

+24.27%

Estimates Revision

The market is revising Upward the revenue expectations for CarMax, Inc. (KMX) for FY2026, with the revenue forecasts being adjusted by 0.8% over the past three months. During the same period, the stock price has changed by -23.52%.

Revenue Estimates for FY2026

Revise Upward

+0.8%

In Past 3 Month

EPS Estimates for FY2026

Revise Downward

-2.31%

In Past 3 Month

Stock Price

Go Down

-23.52%

In Past 3 Month

14 Analyst Rating

28.29% Upside

Wall Street analysts forecast KMX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMX is 83.67 USD with a low forecast of 60.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

10 Buy

2 Hold

2 Sell

Moderate Buy

28.29% Upside

Current: 65.220

Low

60.00

Averages

83.67

High

100.00

28.29% Upside

Current: 65.220

Low

60.00

Averages

83.67

High

100.00

Wedbush

Seth Basham

Buy

Maintains

$90

2025-04-21

Reason

Wedbush

Seth Basham

Price Target

$90

2025-04-21

Maintains

Buy

Reason

Wedbush

Seth Basham

Buy

Reiterates

$90

2025-04-16

Reason

Wedbush

Seth Basham

Price Target

$90

2025-04-16

Reiterates

Buy

Reason

Needham

Chris Pierce

Strong Buy

Maintains

$101 → $92

2025-04-11

Reason

Needham

Chris Pierce

Price Target

$101 → $92

2025-04-11

Maintains

Strong Buy

Reason

Needham analyst Chris Pierce lowered the firm's price target on CarMax to $92 from $101 but keeps a Buy rating on the shares after its Q4 results. The firm continues to see CarMax as a beneficiary of an improving used vehicle unit backdrop and finally poised to lever omni-channel investments, but warns that investor enthusiasm is likely to remain muted given the comp miss even with used vehicles providing a potentially safer hiding place vs retail peers, the analyst tells investors in a research note. Macro uncertainty is re-entering the picture, with bears highlighting increasing used average sales prices and the potential for eventual demand destruction similar to FY22, but the firm views this as unlikely given the vastly different backdrops, Needham adds.

Baird

Craig Kennison

Buy

Maintains

$95 → $90

2025-04-11

Reason

Baird

Craig Kennison

Price Target

$95 → $90

2025-04-11

Maintains

Buy

Reason

Baird analyst Craig Kennison lowered the firm's price target on CarMax to $90 from $95 and keeps an Outperform rating on the shares. The firm updated its model as Q4 results fell short of expectations.

Wedbush

Seth Basham

Buy

Maintains

$100 → $90

2025-04-11

Reason

Wedbush

Seth Basham

Price Target

$100 → $90

2025-04-11

Maintains

Buy

Reason

RBC Capital

Steven Shemesh

Buy

Maintains

$103 → $80

2025-04-11

Reason

RBC Capital

Steven Shemesh

Price Target

$103 → $80

2025-04-11

Maintains

Buy

Reason

RBC Capital analyst Steven Shemesh lowered the firm's price target on CarMax to $80 from $103 and keeps an Outperform rating on the shares. The company posted strong Q4 results and indicated that momentum has carried forward into Q1, the analyst tells investors in a research note. The stock price weakness on the print is likely related to the management's expectation for higher loan loss provisions in Q1 along with the broader macro dynamics and is likely overdone, RBC adds.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Carmax Inc (KMX.N) is 17.14, compared to its 5-year average forward P/E of 21.51. For a more detailed relative valuation and DCF analysis to assess Carmax Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

21.51

Current PE

17.14

Overvalued PE

26.03

Undervalued PE

16.99

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

26.55

Current EV/EBITDA

25.54

Overvalued EV/EBITDA

31.80

Undervalued EV/EBITDA

21.30

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

0.54

Current PS

0.36

Overvalued PS

0.69

Undervalued PS

0.39