CarMax Inc ($KMX) Stock Forecast: Down 13.7% Today

What is CarMax Inc?

CarMax, Inc. (NYSE: KMX) is a well-known company in the automotive retail industry, specializing in the sale of used cars and related services. The stock had a significant bearish movement today in the market.

Why is CarMax Inc going down?

KMX stock is down 13.7% on Nov 7, 2025 14:56

• The bearish movement in CarMax's stock price can be attributed to the termination of CEO Bill Nash and the subsequent appointment of an interim CEO, causing uncertainty and lack of confidence among investors.
• The announcement of a securities class action pending against CarMax may have further fueled negative sentiment and led to increased selling pressure on the stock.
• Downgrades by top Wall Street analysts, including the change in outlook from Buy to Hold, also contributed to the downward pressure on CarMax's stock price.
• Overall, the combination of leadership changes, legal challenges, and analyst downgrades likely played a significant role in the bearish market movement of CarMax today.

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This CarMax Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday - Cogent Comms Hldgs ( NASDAQ:CCOI ) , Golden Entertainment ( NASDAQ:GDEN )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Needham analyst Chris Pierce downgraded CarMax, Inc. ( NYSE:KMX ) from Buy to Hold.

https://www.benzinga.com/analyst-stock-ratings/downgrades/25/11/48717989/this-carmax-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday-2

CarMax, Inc. ( KMX ) Tumbles Again Amid CEO Termination, Preliminary Q3 Results; Securities Class Action Pending - Hagens Berman - CarMax ( NYSE:KMX )

SAN FRANCISCO, Nov. 06, 2025 ( GLOBE NEWSWIRE ) -- On November 6, 2025, investors saw the price of CarMax, Inc. ( NYSE:KMX ) shares tumble as much as $9.48 ( -23% ) after the company announced that CEO Bill Nash has been fired and will leave the Board, both effective December 1, 2025.

https://www.benzinga.com/pressreleases/25/11/g48708335/carmax-inc-kmx-tumbles-again-amid-ceo-termination-preliminary-q3-results-securities-class-action-p

CarMax Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Substantial Losses of Lead Plaintiff Deadline in Class Action Lawsuit Against CarMax, Inc. - KMX - CarMax ( NYSE:KMX )

NEW YORK and NEW ORLEANS, Nov. 06, 2025 ( GLOBE NEWSWIRE ) -- Kahn Swick & Foti, LLC ( "KSF" ) and KSF partner, former Attorney General of Louisiana, Charles C.

https://www.benzinga.com/pressreleases/25/11/g48700773/carmax-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investor

KMX INVESTOR ALERT: RGRD Law Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CarMax ( NYSE:KMX )

SAN DIEGO, Nov. 06, 2025 ( GLOBE NEWSWIRE ) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of CarMax, Inc. ( NYSE:KMX ) publicly traded securities between June 20, 2025 and September 24, 2025, both dates inclusive ( the "Class Period" ) , have until ...

https://www.benzinga.com/pressreleases/25/11/g48700119/kmx-investor-alert-rgrd-law-announces-that-carmax-inc-investors-with-substantial-losses-have-oppor

CarMax stock falls more than 10% as CEO steps down

CarMax said board member David McCreight, a retail clothing executive who has served as CEO of Lulu's Fashion Lounge Holdings, will serve as interim CEO.

https://www.cnbc.com/2025/11/06/carmax-stock-kmx-ceo.html

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CarMax Inc Price History

02.09.2025 - KMX Stock was up 5.6%

• Despite previous investor concerns and unforeseen financial setbacks, CarMax (KMX) exhibited a notable bullish trend.
• Recent scrutiny from legal entities and analyst downgrades had a pessimistic impact on the stock's perception.
• Initial sell-offs triggered by unanticipated losses and weaker second-quarter results may have shifted with the current bullish trend, indicating a potential shift in investor sentiment.
• It seems that investors are interpreting recent challenges as temporary hurdles, fostering a renewed optimism in CarMax's future outlook.

21.09.2025 - KMX Stock was up 4.5%

• CarMax (KMX) experienced a strong bullish movement today.
• The ongoing investigation by Bragar Eagel & Squire, P.C. might have initially caused some uncertainty among investors, but it seems that the market has responded positively to the news.
• The recognition of CarMax as one of the top 3 consumer stocks set to perform well in October might have boosted investor confidence and attracted more buyers to the stock.
• The oversold status of consumer discretionary stocks, including CarMax, might have created a buying opportunity for investors looking to capitalize on undervalued companies, leading to the bullish movement in the stock.

26.08.2025 - KMX Stock was up 5.3%

• Despite recent downgrades and missing earnings estimates, CarMax experienced a strong bullish movement today.
• The market may have reacted positively due to CarMax's consistent recognition as a top workplace and its ability to maintain a strong position in the retail sector.
• Investors might be optimistic about CarMax's future performance, possibly expecting improvements in retail sales and financial results following recent challenges.
• The bullish movement could also be influenced by broader market trends or sector-specific factors impacting the automotive industry.

01.04.2025 - KMX Stock was up 5.1%

• The bullish movement in KMX stock could be attributed to the announcement of the investigation by a law firm, which might have reassured investors and signaled transparency in the company's operations.
• Investors may have reacted positively to the news, interpreting it as a proactive step by CarMax to address any potential issues and maintain trust in the market.
• This development could have instilled confidence in shareholders, leading to increased buying activity and driving the stock price higher as a result.
• Overall, the market's reaction to the investigation news suggests that investors view CarMax's handling of the situation favorably, contributing to the bullish movement in the stock.

20.05.2025 - KMX Stock was up 0.6%

• Strong Q1 earnings and revenues were reported by CarMax, surpassing estimates significantly and enhancing investor confidence in the stock.
• The company demonstrated its ability to leverage the growing used car market, with a 9% increase in retail used unit sales and a 12.8% rise in total gross profit, driving the stock's positive momentum.
• Despite concerns about increasing loan delinquencies, analysts maintain a positive outlook on CarMax's performance, citing robust demand, strong credit capabilities, and favorable used car trends.
• Positive sentiment towards CarMax was reinforced as analysts adjusted their expectations prior to the earnings announcement, further propelling the stock's upward trajectory.

06.10.2025 - KMX Stock was down 12.8%

• CarMax's stock dropped over 10% following the CEO's resignation, leading to investor uncertainty.
• Numerous class action lawsuits alleging securities fraud and financial mismanagement have exacerbated negative sentiment around the stock.
• The unexpected $142 million loss provision and Q2 growth challenges have raised concerns about CarMax's financial well-being, contributing to the significant stock decline.
• Leadership changes, legal disputes, and financial difficulties have created a challenging environment for CarMax, resulting in today's bearish market movement.

22.07.2025 - KMX Stock was up 5.4%

• The expansion of same-day delivery services to over 15 states by a competitor may have positively impacted KMX's stock as investors see potential for increased competition and innovation in the used-car market.
• The mention of CarMax alongside other companies like Uber and IBM on a financial news program could have brought additional visibility and investor interest to KMX, contributing to its bullish movement.
• The overall positive sentiment surrounding the used-car market, as highlighted by a competitor's sales speed and market share growth, likely boosted investor confidence in companies like CarMax, leading to the bullish market movement for KMX today.

25.08.2025 - KMX Stock was down 23.5%

• CarMax (KMX) experienced a strong bearish movement due to its second-quarter earnings missing expectations, with weaker retail sales and higher loan loss provisions impacting the results.
• The breach of the 52-week low reflects investor concerns about the company's financial performance and future outlook.
• Despite being recognized for its workplace culture and ranking highly on lists such as Fortune's Best Workplaces in Retail, the positive news was overshadowed by the disappointing earnings report.
• The market reaction indicates that investors are closely monitoring the company's ability to address challenges in retail sales and loan provisions to regain confidence and improve financial performance.

07.10.2025 - KMX Stock was down 13.7%

• The bearish movement in CarMax's stock price can be attributed to the termination of CEO Bill Nash and the subsequent appointment of an interim CEO, causing uncertainty and lack of confidence among investors.
• The announcement of a securities class action pending against CarMax may have further fueled negative sentiment and led to increased selling pressure on the stock.
• Downgrades by top Wall Street analysts, including the change in outlook from Buy to Hold, also contributed to the downward pressure on CarMax's stock price.
• Overall, the combination of leadership changes, legal challenges, and analyst downgrades likely played a significant role in the bearish market movement of CarMax today.

22.03.2025 - KMX Stock was up 5.1%

• Insights into consumer trends in used electric vehicle shopping from CarMax garnered investor interest and confidence in the company's future prospects.
• Jim Cramer's advice not to sell CarMax during market fluctuations and China's new tariffs may have reassured investors, contributing to the bullish movement.
• The positive stock performance of Carvana, coupled with law firms investigating CarMax, could have indirectly influenced market sentiment, leading to increased buying activity.
• The optimistic market outlook for CarMax today may have been fueled by positive industry trends, analyst recommendations, and ongoing investigations.

06.10.2025 - KMX Stock was down 25.1%

• The bearish movement in CarMax's stock price today can be attributed to the following factors:
• The announcement of the CEO stepping down led to uncertainty and lack of confidence among investors, resulting in a sell-off of the stock.
• Multiple class action lawsuits against CarMax, with investors facing substantial losses, added to the negative sentiment surrounding the company.
• The legal implications and potential financial impact of the lawsuits created a cloud of uncertainty, causing investors to react by selling off their positions in CarMax.
• The combination of leadership changes and legal troubles likely contributed to the bearish trend in CarMax's stock price today.

24.05.2025 - KMX Stock was up 5.5%

• CarMax exceeded Q1 earnings and sales estimates, driven by a significant rise in used vehicle sales and unit volumes.
• Analysts have raised their forecasts for CarMax after the upbeat Q1 results, indicating confidence in the company's performance.
• The company's ability to capitalize on the booming used car market, with a notable increase in retail used unit sales, has contributed to the stock's surge.
• Despite the positive performance, concerns about loan loss provisions and macro risks could potentially hold back CarMax's growth in the future.