
CarMax (KMX) Stock Forecast & Price Target
CarMax (KMX) Analyst Ratings
Bulls say
CarMax is the nation's leading used car retailer, and its stock is expected to rise above $50/share supported by normalizing retail-vehicle gross-profit per unit margins, improving comps and cost-cutting measures. The company's focus on expanding its omni-channel offering and efforts to improve diversity and inclusion should provide significant competitive advantages, while risks include declines in consumer spending and competition within the industry.
Bears say
CarMax is facing intense competition in the used vehicle retailing industry, making it challenging for the company to increase market share. The recent investment in price and advertising may result in short-term pressure on profits, while the company works towards cost reductions and expansion of financing options. The success of the company's omni-channel rollout and the availability of used vehicle supplies will be key drivers of future growth. Additionally, any tightening in auto lending standards or worsening of Covid-19 variants could negatively impact sales.
This aggregate rating is based on analysts' research of CarMax and is not a guaranteed prediction by Public.com or investment advice.
CarMax (KMX) Analyst Forecast & Price Prediction
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