CarMax Likely To Report Lower Q2 Sales; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

CarMax, Inc. KMX is expected to report financial results for the second quarter ended Aug. 31, 2023, before the opening bell on Sept. 28, 2023.

Analysts expect the company to post quarterly earnings at 78 cents per share, compared to year-ago earnings of 79 cents per share. The company’s revenue might come in at $7.03 billion, compared to $8.54 billion in the year-ago period.

CarMax shares rose 1.8% to close at $79.69 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Seth Basham upgraded the stock from Neutral to Outperform and raised the price target from $85 to $90 on Sept. 25, 2023. This analyst has an accuracy rate of 81%.
• Baird analyst Craig Kennison maintained an Outperform rating and boosted the price target from $90 to $96 on Aug. 17, 2023. This analyst has an accuracy rate of 71%.
• Oppenheimer analyst Brian Nagel maintained an Outperform rating and increased the price target from $85 to $105 on July 14, 2023. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Rajat Gupta maintained an Underweight rating and raised the price target from $55 to $60 on June 26, 2023. This analyst has an accuracy rate of 77%.
• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and increased the price target from $64 to $82 on June 26, 2023. This analyst has an accuracy rate of 79%.

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