CarMax Down 5.8% Since Q2 Earnings: Buy, Sell or Hold KMX?
KMX's shares fell 5.8% since Q2 results as higher vehicle sales, cost discipline and CAF growth were accompanied by margin pressures and rising credit exposure.
KMX - CarMax, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$60.63
DETAILS
HIGH:
$74.00
LOW:
$43.00
MEDIAN:
$61.00
CONSENSUS:
$60.63
UPSIDE:
11.84%
Stock News
CarMax (NYSE:KMX) Shares Down 4.2% – Here’s What Happened
CarMax, Inc. (NYSE: KMX - Get Free Report)'s stock price was down 4.2% during trading on Wednesday. The company traded as low as $56.25 and last traded at $56.7640. 720,608 shares traded hands during trading, a decline of 77% from the average session volume of 3,151,084 shares. The stock had previously closed at $59.23. Key Headlines
Here's Why CarMax (KMX) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is Carmax a Buy After Its Latest Earnings Report?
CarMax reported earnings yesterday, causing the stock price to jump. However, the stock slipped today, to below its pre-earnings price.
CarMax to Host Strategic Update Webcast on November 3, 2026
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will host a Strategic Update webcast on Tuesday, November 3, 2026, beginning at 8:00 a.m. ET and concluding at approximately 9:30 a.m. ET. During the webcast, Keith Barr, President and CEO, Enrique Mayor-Mora, Executive Vice President, CFO and Jon Daniels, Executive Vice President, CarMax Auto Finance will provide an update on the Company's Shift into GEAR strategy, growth priorities and multi-year financial framework. Interested participa.
CarMax: Turnaround Strategy Is Already Working
CarMax, Inc. reported fiscal Q2 results that justify the stock's recent months' rally. Competitive pricing has improved KMX's sales volume considerably, also boosting earnings. The turnaround is still in its early stages; KMX's earnings have further rebound potential.
CarMax Q2 Earnings Beat Estimates on Strong Unit Sales, CAF Growth
KMX Q2 earnings beat estimates as strong unit sales, pricing and CAF growth lift results, while cost control supports margins.
CarMax Analysts Boost Their Forecasts After Upbeat Q2 Results
Carmax Inc (NYSE:KMX) on Tuesday reported better-than-expected second-quarter financial results.
CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
CarMax TodayKMXCarMax$60.10 +3.55 (+6.28%) As of 03:00 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$30.26▼$65.28P/E Ratio39.05Price Target$53.15Add to WatchlistCarMax's NYSE: KMX latest results suggest its turnaround strategy is gaining traction.
CarMax, Inc. (KMX) Q2 2027 Earnings Call Transcript
CarMax, Inc. (KMX) Q2 2027 Earnings Call Transcript
Compared to Estimates, CarMax (KMX) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for CarMax (KMX) give a sense of how the business performed in the quarter ended August 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tuesday's First Moves: CCL & KMX Rally on Earnings, NFLX Upgrade
Carnival (CCL) shares cruised on an earnings beat and strong guidance, says George Tsilis, who points to the company's yields as the cruise line's strongest metric. CarMax (KMX) sacrificed some margin power to boost earnings, an effort that investors rewarded with a rally.
What CarMax (KMX) Said on Its Q2 Earnings Call
CarMax NYSE: KMX reported fiscal 2027 second-quarter results marked by higher vehicle sales, expanded earnings and improving operating leverage, as the used-car retailer pointed to early benefits from its “Shift into GEAR” strategy.
CarMax earnings surge as used vehicle sales jump
CarMax Inc (NYSE:KMX) increased second-quarter diluted earnings per share 81.3% to $1.16 despite pricing actions that squeezed retail profit per vehicle. Revenue rose 19.5% to $7.9 billion in the quarter ended August 31, 2026, part of financial year 2027, while net earnings reached $165.3 million.
Stock Futures Rebound as Tech Turns Higher
Stock futures are higher as oil prices and Treasury yields ease and tech bounces back
CarMax Jumps 6% as Quarterly Earnings Hit $1.16 per Share and Buybacks Set to Resume; Carvana Rises 3%, Lithia Motors Ticks Up
CarMax (NYSE:KMX | KMX Price Prediction) stock is up 6% to $59.75 early in the session after the used-car retailer posted stronger fiscal 2027 second-quarter earnings and indicated a return to share buybacks.
CarMax (KMX) Tops Q2 Earnings and Revenue Estimates
CarMax (KMX) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.64 per share a year ago.
CarMax Posts Higher Profit as Vehicle Sales Rise
CarMax logged higher profit and sales in the latest quarter, as the used-care retailer sold more vehicles at higher prices.
CarMax Beats Earnings Estimates as Revenue Jumps 20%. The Stock Rises.
CarMax stock rises after the used-car retailer posts better-than-expected quarterly earnings.
CarMax Announces Leadership Appointments to Further Unify End-to-End Customer Experience, Advance Strategy for Growth
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX) today announced two key leadership appointments to advance the company's new Shift into GEAR strategy for growth and strengthen its industry-leading customer experience. Elizabeth Dirgins has been named Executive Vice President, Chief Digital and Customer Officer, a newly created role that will further unify the end-to-end customer experience, from customer acquisition through vehicle transaction. In this capacity, Dirgins will oversee th.
Price Targets
CarMax price target raised to $53 from $47 at Morgan Stanley
$53.00
(was $56.91)
Andrew Percoco
·
Morgan Stanley
CarMax price target raised to $56 from $45 at RBC Capital
$56.00
(was $56.94)
RBC Capital
CarMax price target raised to $60 from $50 at Truist
$60.00
(was $59.23)
Truist Financial
CarMax price target raised to $62 from $57 at UBS
$62.00
(was $59.23)
UBS
CarMax price target raised to $70 from $64 at Baird
$70.00
(was $59.23)
Craig Kennison
·
Robert W. Baird
CarMax price target raised to $67 from $61 at Barclays
$67.00
(was $59.23)
John Babcock
·
Barclays
CarMax price target raised to $74 from $66 at Stephens
$74.00
(was $56.36)
Jeff Lick
·
Stephens
CarMax price target raised to $47 from $44 at Morgan Stanley
$47.00
(was $56.84)
Andrew Percoco
·
Morgan Stanley
JPMorgan Upgrades CarMax (KMX) to Neutral
$60.00
(was $58.88)
UBS
Barclays Upgrades CarMax (KMX) to Equalweight
$61.00
(was $55.91)
John Babcock
·
Barclays
CarMax price target raised to $44 from $35 at Morgan Stanley
$44.00
(was $52.41)
Morgan Stanley
CarMax price target raised to $57 from $42 at UBS
$57.00
(was $52.41)
UBS
CarMax upgraded to Overweight from Equal Weight at Stephens
$66.00
(was $52.28)
Stephens
CarMax price target raised to $50 from $47 at Truist
$50.00
(was $47.35)
Truist Financial
CarMax price target raised to $45 from $41 at RBC Capital
$45.00
(was $47.35)
RBC Capital
CarMax (KMX) PT Raised to $43 at Mizuho
$43.00
(was $47.35)
David Bellinger
·
Mizuho Securities
CarMax price target raised to $55 from $48 at Baird
$55.00
(was $47.35)
Robert W. Baird
CarMax price target raised to $37 from $31 at Barclays
$37.00
(was $47.35)
Barclays
CarMax (KMX) PT Raised to $31 at Barclays
$31.00
(was $51.57)
John Babcock
·
Barclays
UBS Starts CarMax (KMX) at Neutral
$42.00
(was $40.64)
Joseph Spak
·
UBS