CarMax (KMX) Stock Forecast & Price Target

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$71.49

-0.19 (-0.27%)

(As of 06/18/2024 ET)

CarMax - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 11 Analyst Ratings

Consensus Price Target

$76.17
6.54% Upside

High Forecast	$105.00
Average Forecast	$76.17
Low Forecast	$50.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$76.17	$77.42	$79.92	$65.40
Forecasted Upside	6.54% Upside	3.55% Upside	5.38% Upside	-0.25% Downside

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KMX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KMX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CarMax Stock vs. The Competition

Type	CarMax	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.27	2.42	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	6.54% Upside	46.33% Upside	11.30% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$72.00 ➝ $66.00	-7.73%
6/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$75.00 ➝ $72.00	+0.46%
6/18/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$90.00 ➝ $90.00	+25.58%
6/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$72.00 ➝ $68.00	-4.05%
4/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$60.00 ➝ $55.00	-22.98%
4/12/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$88.00 ➝ $84.00	+16.70%
Get the Latest News and Ratings for KMX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for CarMax and its competitors with MarketBeat's FREE daily newsletter.
4/12/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$99.00 ➝ $91.00	+26.42%
4/9/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$105.00	+26.70%
4/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$83.00	-0.84%
2/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$44.00 ➝ $50.00	-35.80%
9/29/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$78.00 ➝ $70.00	+1.39%
6/28/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$75.00 ➝ $80.00	-2.94%
6/12/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
1/5/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:07 AM ET.

KMX Forecast - Frequently Asked Questions

What is CarMax's stock forecast and purchase recommendation?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for CarMax is $76.17, with a high forecast of $105.00 and a low forecast of $50.00. The consensus rating for CarMax stock is Hold based on the current 2 sell ratings, 4 hold ratings and 5 buy ratings for KMX. Learn more on KMX's analyst rating history.
Do Wall Street analysts like CarMax more than its competitors?: Analysts like CarMax less than other "retail/wholesale" companies. The consensus rating score for CarMax is 2.27 while the average consensus rating score for "retail/wholesale" companies is 2.43. Learn more on how KMX compares to other companies.
Does CarMax's stock price have much upside?: According to analysts, CarMax's stock has a predicted upside of 2.35% based on their 12-month stock forecasts.