
CarMax (KMX) Stock Forecast & Price Target
CarMax (KMX) Analyst Ratings
Bulls say
CarMax is the leading used-vehicle retailer in the US and has potential for growth as it works to improve its online presence and customer experience. The low hanging fruit for the company is evident in its recent earnings, with earnings growth and margins expected to accelerate over the next few quarters. The company's new CEO, Keith Barr, has a clear focus on making CarMax the best version of itself and we believe that its strong financials and industry tailwinds will lead to a positive stock trajectory in the coming months.
Bears say
CarMax is facing strong competition in the used-car market, potentially hindering their market share growth. Additionally, their reliance on CarMax Auto Finance earnings has been increasing, but with a decline in CAF income and pressure from higher interest rates and tightening credit, this could negatively impact their financials. Finally, their price competitiveness, reconditioning costs, and digital ease of use may have only seen a one-time benefit, making continued improvement challenging beyond the first quarter. Given these factors, it is unlikely that CarMax's stock will perform well in the near future.
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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