On May 28, 2025, Evercore ISI Group analyst Michael Montani released an update regarding CarMax (KMX, Financial), maintaining an "Outperform" rating for the stock. Despite this positive stance, the firm has made a slight adjustment in the stock's price target.
The new price target for CarMax (KMX, Financial) is set at $84.00, down from the previous target of $85.00. This revision marks a marginal decrease of 1.18% in the expected price point. The adjustment reflects changes in the market conditions and projections, while still presenting a positive outlook on the stock’s future performance.
CarMax (KMX, Financial), a leading retailer of used vehicles, continues to receive attention from analysts, with Evercore ISI Group’s reaffirmation of the "Outperform" rating suggesting confidence in the company’s strategic positioning and potential for growth.
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 30.57% from the current price of $63.69. 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 $79.08, suggesting a upside of 24.17% from the current price of $63.685. 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.
