CarMax (KMX, Financial), a leading used car retailer, receives continued support from Wedbush analyst Scott Devitt. On May 19, 2025, Wedbush reiterated its "Outperform" rating for CarMax, maintaining its price target at $90.00 USD. This comes as the analyst persists with the positive outlook previously held on the stock.
The consistent rating and price target suggest Wedbush's confidence in CarMax's market position and potential for growth. Investors can note that the rating and target have remained stable since prior evaluations, with the previous rating also set at "Outperform" and the price target at $90.00 USD.
While the price target indicates no percentage change from the prior forecast, it underscores a steady belief in the company's performance by Wedbush. This analysis might provide investors with insights into CarMax's expected trajectory as viewed by industry experts. CarMax (KMX, Financial) continues to be tracked closely by market watchers, as developments unfold in its business strategy and market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for CarMax Inc (KMX, Financial) is $83.15 with a high estimate of $105.00 and a low estimate of $55.00. The average target implies an upside of 24.54% from the current price of $66.77. More detailed estimate data can be found on the CarMax Inc (KMX) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, CarMax Inc's (KMX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CarMax Inc (KMX, Financial) in one year is $79.16, suggesting a upside of 18.57% from the current price of $66.765. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CarMax Inc (KMX) Summary page.
