CarMax (KMX) Stock Forecast & Price Target

$77.15

-1.06 (-1.36%)

(As of 03:04 PM ET)

CarMax - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
2

Hold
5

Buy
6

Based on 13 Wall Street analysts who have issued ratings for CarMax in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 2 have given a sell rating, 5 have given a hold rating, and 6 have given a buy rating for KMX.

Consensus Price Target

$78.92
3.02% Upside

According to the 13 analysts' twelve-month price targets for CarMax, the average price target is $78.92. The highest price target for KMX is $105.00, while the lowest price target for KMX is $50.00. The average price target represents a forecasted upside of 3.02% from the current price of $77.15.

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KMX Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$78.92	$76.25	$75.50	$77.70
Forecasted Upside	3.02% Upside	-10.03% Downside	2.95% Upside	12.54% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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KMX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KMX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CarMax Stock vs. The Competition

Type	CarMax	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.31	2.48	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-0.86% Downside	37.20% Upside	6.56% Upside
News Sentiment Rating	Neutral News See Recent KMX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/27/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$75.00 ➝ $82.00	+5.20%
9/27/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$76.00 ➝ $79.00	+1.06%
9/27/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$87.00 ➝ $90.00	+15.13%
9/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$70.00 ➝ $75.00	-2.13%
9/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$55.00 ➝ $65.00	-17.16%
9/17/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$95.00 ➝ $95.00	+20.19%
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6/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Corridore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$105.00 ➝ $105.00	+45.13%
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$80.00 ➝ $80.00	+11.44%
6/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$75.00 ➝ $72.00	+0.46%
4/12/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$88.00 ➝ $84.00	+16.70%
2/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$44.00 ➝ $50.00	-35.80%
9/29/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$78.00 ➝ $70.00	+1.39%
6/12/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:21 PM ET.

KMX Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for CarMax is $78.92, with a high forecast of $105.00 and a low forecast of $50.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarMax in the last year. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KMX, but not buy additional shares or sell existing shares.
: According to analysts, CarMax's stock has a predicted upside of 2.29% based on their 12-month stock forecasts.
: CarMax has been rated by research analysts at Evercore ISI, JPMorgan Chase & Co., Needham & Company LLC, Royal Bank of Canada, Truist Financial, and Wedbush in the past 90 days.
: Analysts like CarMax less than other "retail/wholesale" companies. The consensus rating score for CarMax is 2.31 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how KMX compares to other companies.