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KMX Overview

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$
0.000
0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
43.215
Open
42.500
VWAP
42.45
Vol
4.05M
Mkt Cap
5.98B
Low
42.000
Amount
171.95M
EV/EBITDA(TTM)
48.34
Total Shares
141.80M
EV
23.29B
EV/OCF(TTM)
9.38
P/S(TTM)
0.24
CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. 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. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.
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Events Timeline

(ET)
2026-03-10
21:00:00
Starboard Value Invests $350M in CarMax
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link
2026-02-27 (ET)
2026-02-27
10:40:00
CarMax Becomes First U.S. Auto Retailer with ChatGPT Shopping App
select
2026-02-24 (ET)
2026-02-24
10:10:00
Stardust Power Joins U.S. Defense Department's Cornerstone Consortium
select
2026-02-23 (ET)
2026-02-23
14:50:00
U.S. Justice Department Settles with CarMax for $420,000
select
link
2026-02-12 (ET)
2026-02-12
07:30:00
CarMax Appoints Keith Barr as New CEO
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News

seekingalpha
8.5
05:13 AMseekingalpha
PinnedStarboard Value Acquires $350 Million Stake in CarMax to Drive Turnaround
  • Stake Acquisition: Starboard Value has acquired approximately $350 million in CarMax Inc (KMX), indicating confidence in the company's potential turnaround under incoming CEO Keith Barr, which could accelerate its recovery efforts.
  • Board Nominations: As an activist investor, Starboard has nominated its CEO Jeff Smith and Frontdoor's chairman Bill Cobb to join the CarMax board, aiming to drive strategic changes and enhance governance through fresh leadership.
  • Market Performance: Despite a 9% gain for CarMax so far in 2026, Seeking Alpha's Quant system remains cautious, assigning a 'Hold' rating, which reflects investor concerns regarding the company's valuation and competitive positioning.
  • Technological Innovation: CarMax has launched a ChatGPT app to personalize the car shopping experience, aiming to enhance customer satisfaction and market competitiveness, although it faces skepticism regarding its competitive advantages.
stocktwits
8.5
10:10 AMstocktwits
Starboard Nominates Directors to Drive CarMax Turnaround
  • Board Nominations: Starboard has nominated Jeff Smith and Bill Cobb to CarMax's board, aiming to drive the company's turnaround under new CEO Keith Barr, enhancing performance amid competitive pressures.
  • Shareholder Confidence: Following Starboard's announcement of a $350 million stake and board nominations, CarMax shares rose 4% in early trading on Wednesday, indicating a positive market sentiment towards the company's future.
  • Strategic Change Proposals: Starboard's proposed changes include improving vehicle refurbishment efficiency, cutting over $300 million in administrative and overhead costs, and implementing dynamic pricing strategies to boost CarMax's competitiveness.
  • Market Sentiment Shift: Despite a 42% decline in CarMax's stock over the past year compared to a 77% rise for rival Carvana, retail sentiment on Stocktwits has shifted from neutral to bullish, reflecting expectations for the company's turnaround efforts.
CNBC
7.5
03-06CNBC
Used Vehicle Price Index Rises 4%
  • Index Increase: Cox Automotive reported a 4% year-over-year increase in the used vehicle price index for February 2026, reaching 212.3, which is up 0.8% from January 2023, indicating strong demand and an increase in dealer inventories.
  • Sales Conversion Rates Rise: Jeremy Robb, Cox's chief economist, noted that since the beginning of 2026, sales conversion rates at Manheim have been solid, reflecting dealers' strong appetite for purchasing, particularly with prices rising unexpectedly in the latter half of February.
  • Tax Refund Impact: Robb suggested that anticipated higher tax returns for American consumers could boost vehicle demand, although risks from the war in Iran may dampen consumer appetite in the short term, especially as gas prices rise.
  • Historical Price Comparison: While used vehicle prices remain high compared to historical levels, the average listing price in January was $25,533, down from over $28,000 in 2022, yet still demonstrating market resilience, with expectations for wholesale prices to end 2% higher than December 2025.
CNBC
4.5
03-06CNBC
U.S. Oil Prices Surge, Market Eyes Jobs Data
  • Oil Price Surge: U.S. oil futures have surged to their highest level since 2024, creating anticipation in the market that could impact overall economic sentiment and investor confidence.
  • Jobs Data Expectations: The February payroll report is set to be released, with a consensus forecast of 50,000 new jobs, although some experts suggest a potential negative number, indicating a cautious outlook on economic recovery.
  • Robinhood Stock Fluctuations: Robinhood's stock is down 47% from its October peak but has gained 67% over the past year, indicating a gradual recovery in investor confidence, further bolstered by positive comments from the CEO.
  • Biotech Industry Challenges: The biotech ETF and related indices have declined by 6.2% and 11% respectively since January highs, reflecting pressures from recent FDA rejections, prompting investors to closely monitor market reactions.
Businesswire
7.0
03-02Businesswire
CarMax Under Investigation Following Poor Q2 Results
  • Declining Financial Performance: CarMax's Q2 FY2026 results, announced on September 25, 2025, revealed a 5.4% drop in retail unit sales, a 6.3% decline in comparable store sales, and a 2.2% decrease in wholesale units, with net earnings per diluted share falling to $0.64 from $0.85 a year ago, indicating significant sales pressure and declining profitability.
  • Significant Net Income Drop: The company's net income for the second quarter was approximately $95.4 million, down 28.1% from $132.8 million in the prior year, raising concerns among investors about the company's future profitability and potentially impacting stock performance.
  • Executive Departure Impact: On November 6, 2025, CarMax unexpectedly announced the departure of its CEO and issued a weak preliminary outlook for Q3, which may further undermine market confidence in the company's management and lead to shareholder concerns regarding corporate governance.
  • Securities Litigation Risk: CarMax and its executives are facing a class action lawsuit for failing to disclose material information as required by securities laws, with KSF investigating whether the company's officers breached their fiduciary duties to shareholders, potentially exposing the company to legal and financial risks.
seekingalpha
5.0
02-27seekingalpha
CarMax Launches AI-Powered Vehicle Shopping App
  • App Innovation: CarMax's newly launched app features an AI-powered search engine that enhances the vehicle shopping experience, allowing customers to conduct more personalized searches based on their specific needs, which is expected to attract more user engagement.
  • Competitive Edge: Similar to Carvana's 'Shaqbot', this app leverages generative AI technology combined with CarMax's inventory information to streamline the car buying and selling process, thereby enhancing customer satisfaction and market competitiveness.
  • Market Reaction: Following the app's launch, CarMax shares turned positive on Friday, indicating a favorable response from investors towards the company's innovative initiatives, which may improve its market performance.
  • Strategic Implications: By introducing this app, CarMax not only enhances its technological capabilities but also demonstrates its commitment to digital transformation, aiming to improve customer experience and drive future growth through technological innovation.
Wall Street analysts forecast KMX stock price to rise
13 Analyst Rating
Wall Street analysts forecast KMX stock price to rise
0 Buy
10 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
24.00
Averages
33.60
High
37.00
Current: 0.000
sliders
Low
24.00
Averages
33.60
High
37.00
Baird
Craig Kennison
Outperform
maintain
$44 -> $48
AI Analysis
2026-02-18
Reason
Baird
Craig Kennison
Price Target
$44 -> $48
AI Analysis
2026-02-18
maintain
Outperform
Reason
Baird analyst Craig Kennison raised the firm's price target on CarMax to $48 from $44 and keeps an Outperform rating on the shares. The firm updated its model following the company's investor meeting.
Evercore ISI
In Line
maintain
$40 -> $42
2026-02-10
Reason
Evercore ISI
Price Target
$40 -> $42
2026-02-10
maintain
In Line
Reason
Evercore ISI raised the firm's price target on CarMax to $42 from $40 and keeps an In Line rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for KMX
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Valuation Metrics

The current forward P/E ratio for Carmax Inc (KMX.N) is 17.36, compared to its 5-year average forward P/E of 21.45. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
21.45
Current PE
17.36
Overvalued PE
26.14
Undervalued PE
16.76

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
27.23
Current EV/EBITDA
27.17
Overvalued EV/EBITDA
32.04
Undervalued EV/EBITDA
22.42

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.47
Current PS
0.45
Overvalued PS
0.61
Undervalued PS
0.34

Financials

AI Analysis
Annual
Quarterly

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Whales Holding KMX

D
Diamond Hill Capital Management, Inc.
Holding
KMX
+1.70%
3M Return
F
First Pacific Advisors, LP
Holding
KMX
-3.89%
3M Return
A
Apollo Global Management, Inc.
Holding
KMX
-4.58%
3M Return
A
Arlington Value Capital, LLC
Holding
KMX
-7.01%
3M Return
M
Mane Global Capital Management LP
Holding
KMX
-8.97%
3M Return
S
SRS Investment Management, LLC
Holding
KMX
-9.53%
3M Return

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Frequently Asked Questions

What is Carmax Inc (KMX) stock price today?

The current price of KMX is 42.14 USD — it has decreased -0.85

What is Carmax Inc (KMX)'s business?

CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. 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. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.

What is the price predicton of KMX Stock?

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 is33.60 USD with a low forecast of 24.00 USD and a high forecast of 37.00 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.

What is Carmax Inc (KMX)'s revenue for the last quarter?

Carmax Inc revenue for the last quarter amounts to 5.79B USD, decreased -6.90

What is Carmax Inc (KMX)'s earnings per share (EPS) for the last quarter?

Carmax Inc. EPS for the last quarter amounts to 0.43 USD, decreased -46.91

How many employees does Carmax Inc (KMX). have?

Carmax Inc (KMX) has 30048 emplpoyees as of March 11 2026.

What is Carmax Inc (KMX) market cap?

Today KMX has the market capitalization of 5.98B USD.