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CarMax Inc has a consensus price target of $80.08 based on the ratings of 15 analysts. The high is $105 issued by Oppenheimer on October 4, 2024. The low is $50 issued by B of A Securities on February 29, 2024. The 3 most-recent analyst ratings were released by Evercore ISI Group, Evercore ISI Group, and RBC Capital on October 22, 2024, October 17, 2024, and October 16, 2024, respectively. With an average price target of $79 between Evercore ISI Group, Evercore ISI Group, and RBC Capital, there's an implied -0.91% downside for CarMax Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for CarMax (NYSE:KMX) was reported by Evercore ISI Group on October 22, 2024. The analyst firm set a price target for $76.00 expecting KMX to fall to within 12 months (a possible -4.67% downside). 49 analyst firms have reported ratings in the last year.
The latest analyst rating for CarMax (NYSE:KMX) was provided by Evercore ISI Group, and CarMax maintained their in-line rating.
The last upgrade for CarMax Inc happened on March 20, 2024 when Needham raised their price target to $99. Needham previously had a hold for CarMax Inc.
The last downgrade for CarMax Inc happened on June 12, 2023 when Northcoast Research changed their price target from N/A to N/A for CarMax Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of CarMax, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for CarMax was filed on October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 2025.
While ratings are subjective and will change, the latest CarMax (KMX) rating was a maintained with a price target of $79.00 to $76.00. The current price CarMax (KMX) is trading at is $79.72, which is out of the analyst’s predicted range.
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