CarMax Inc ($KMX) Stock Forecast: Up 9.8% Today

What is CarMax Inc?

CarMax (KMX) is the largest used-vehicle retailer in the US, with a focus on expanding its market share. Despite a recent surge in stock price, it still trades below its 52-week high.

Why is CarMax Inc going up?

KMX stock is up 9.8% on Feb 18, 2026 18:55

• CarMax's stock rose by 7.4% following an increase in its price target to $48, driven by optimistic industry forecasts for used car buyers and improved inventory levels.
• The positive outlook on CarMax's future performance, along with an reaffirmed Outperform rating, supported the bullish movement in its stock.
• An industry survey highlighting drivers' underestimation of car ownership costs potentially boosted CarMax's stock indirectly, as consumers consider more affordable options such as purchasing used vehicles from retailers like CarMax.

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Why Is CarMax (KMX) Stock Soaring Today

Shares of CarMax (KMX) jumped 7.4% after an analyst at Baird raised the company's price target to $48 from $42, maintaining an Outperform rating. This more optimistic valuation was influenced by industry forecasts predicting a favorable market for used car buyers in 2026 due to improved inventory levels. Despite the recent rise, CarMax's stock is still trading 49% below its 52-week high from February 2025.

https://www.tradingview.com/news/stockstory:b5ec00763094b:0-why-is-carmax-kmx-stock-soaring-today/

Baird Raises Price Target for CarMax (KMX) to $48 | KMX Stock Ne

Baird has reaffirmed its "Outperform" rating for CarMax (KMX) and increased the price target from $44 to $48, reflecting a positive outlook on the company's future performance. This adjustment follows several recent analyst ratings for CarMax, with both increases and decreases in price targets. CarMax, the largest used-vehicle retailer in the US, aims to expand its market share beyond the current estimated 3.7% of vehicles 0-10 years old.

https://www.gurufocus.com/news/8627456/baird-raises-price-target-for-carmax-kmx-to-48-kmx-stock-news

Carmax To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Wednesday

This article compiles

https://www.benzinga.com/analyst-stock-ratings/price-target/26/02/50686099/carmax-to-rally-around-14-here-are-10-top-analyst-forecasts-for-wednesday

CarMax Inc (KMX) Shares Up 2.99% on Feb 17

CarMax Inc (KMX) shares surged 2.99% in mid-day trading on February 17, closing at $42.67. This places the stock 52.31% below its 52-week high and 41.01% above its 52-week low. Analysts provide an average price target of $40.09, suggesting a potential downside, while GuruFocus estimates a one-year GF Value of $73.57, indicating a significant upside.

https://www.gurufocus.com/news/8624151/carmax-inc-kmx-shares-up-299-on-feb-17

Drivers Underestimate the Annual Cost of Car Ownership by More Than $4,500, New Synchrony Survey Finds

A new survey by Synchrony reveals that drivers significantly underestimate the annual cost of car ownership, paying nearly 167% more than expected, a discrepancy of over $4,500. This misinformation puts a strain on household budgets and shifts consumer behavior, with many opting to keep their vehicles longer. The survey highlights that insurance is the biggest contributor to these rising costs, followed by maintenance and repairs, and indicates that younger generations (Gen Z and Millennials) are leading spenders across various car-related expenses.

https://www.prnewswire.com/news-releases/drivers-underestimate-the-annual-cost-of-car-ownership-by-more-than-4-500--new-synchrony-survey-finds-302688075.html

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CarMax Inc Price History

19.11.2025 - KMX Stock was down 8.7%

• CarMax (KMX) reported Q3 earnings that surpassed expectations but showed a decline in revenues year-over-year, leading to investor concerns about the company's growth prospects.
• The ongoing securities class action lawsuits against CarMax alleging overstated growth prospects due to tariff speculation have likely contributed to the negative sentiment surrounding the stock.
• The evaluation of GM's Sterling Anderson as a potential CEO successor indicates a shift towards technology leadership in the automotive industry, possibly impacting investor confidence in traditional dealership models like CarMax.
• The disappointing financial results reported by CarMax for the second quarter of fiscal year 2026 have further fueled uncertainties among shareholders, triggering a significant drop in the stock price.

12.01.2026 - KMX Stock was down 5.6%

• The bearish movement in CarMax Inc's stock price could be attributed to the uncertainty surrounding the company's strategic direction and leadership transition.
• The market may be reacting negatively to the news of a CEO from outside the auto industry taking the helm, signaling a departure from traditional leadership in the sector.
• Investors might be cautious due to recent disappointing financial results and layoffs at CarMax, looking for reassurance that the new CEO can navigate the company through its challenges and drive future growth effectively.

12.01.2026 - KMX Stock was down 9.6%

• The appointment of Keith Barr, a seasoned executive with expertise in customer experience and digital transformation, as the new President and CEO of CarMax, was expected to bring positive changes to the company, despite the market's negative reaction.
• The exit of Wallace Weitz, a prominent investor, from CarMax Inc. and the impact on the portfolio by -1.58% could have contributed to the bearish movement, prompting investors to sell CarMax shares.
• Despite Keith Barr's strong leadership background, investors may be wary of challenges in the automotive retail sector and CarMax's strategies to stand out from competitors like Carvana.
• The market sentiment towards CarMax could also be influenced by broader economic factors or industry trends affecting the automotive retail sector, contributing to the bearish trend in today's trading session.

14.00.2026 - KMX Stock was up 7.5%

• CarMax (KMX) experienced a strong bullish movement today.
• The bullish trend could be attributed to the company's strategic decisions to optimize operations and resources, as highlighted in the consolidation of multiple locations into higher-performing dealerships.
• Additionally, positive news in the automotive industry, such as the upgrade of a competitor by Loop Capital, may have positively influenced investor sentiment towards CarMax.
• The ongoing securities investigation urged by a legal firm could have created some uncertainty in the market, but it seems that investors are focusing more on the company's operational improvements and industry trends.

07.00.2026 - KMX Stock was up 5.9%

• CarMax cutting prices and margins on used cars while increasing marketing spend to drive unit sales seemed to resonate well with investors, resulting in a bullish movement in the stock.
• The strategic shift to make vehicles more affordable and reduce overall expenses by $150 million annually reflects a proactive approach by CarMax to address declining sales and earnings, likely boosting investor confidence.
• The positive outlook for the used car market, with projected growth through 2033, could have also contributed to the bullish sentiment surrounding CarMax, aligning with the company's focus on this segment of the automotive industry.
• General Motors' mixed performance in the fourth quarter, with a decline in sales but strong full-year results, may have indirectly influenced investor sentiment towards CarMax, highlighting competitive dynamics within the automotive sector.

07.00.2026 - KMX Stock was up 6.2%

• CarMax experienced a strong bullish movement today, outperforming its competitors despite the overall market trend.
• The bullish movement can be attributed to the positive outlook for the used car market, as projected significant growth through 2033.
• Additionally, the news of a major shareholder selling shares of a competitor might have indirectly impacted CarMax's stock positively, as investors may have shifted their focus towards companies with stronger growth prospects.
• The ongoing investigations into potential breaches of fiduciary duties by certain officers and directors of CarMax and other companies did not seem to have a negative impact on the stock today.

25.10.2025 - KMX Stock was up 5.4%

• Despite ongoing legal challenges involving securities fraud allegations, CarMax's stock price saw a significant rise.
• The surge in stock value may be influenced by an upgrade in Carvana's stock by Wedbush, pointing towards a positive market sentiment within the automotive industry.
• Investors seem to hold positive expectations for CarMax's future performance, potentially overlooking the company's current legal hurdles.
• This sudden upward movement in stock value could be driven by market speculation or short-term trading strategies rather than reflecting the company's underlying financial performance.

18.01.2026 - KMX Stock was up 7.3%

• A raised price target of $48 and an "Outperform" rating were assigned to CarMax by analysts, exhibiting confidence in the company's future performance.
• Despite an average price target of $40.09, the stock increased by 2.99% to close at $42.67, showcasing strong investor belief in its growth potential.
• A survey highlighting drivers underestimating the annual cost of car ownership by over $4,500 may have underscored the attractiveness of companies like CarMax, prompting increased investor interest in the stock.
• The favorable sentiment towards CarMax could also be linked to the general market optimism towards the automotive industry, exemplified by the anticipated revenue growth of OPENLANE in an upcoming earnings announcement.

18.01.2026 - KMX Stock was up 9.8%

• CarMax's stock rose by 7.4% following an increase in its price target to $48, driven by optimistic industry forecasts for used car buyers and improved inventory levels.
• The positive outlook on CarMax's future performance, along with an reaffirmed Outperform rating, supported the bullish movement in its stock.
• An industry survey highlighting drivers' underestimation of car ownership costs potentially boosted CarMax's stock indirectly, as consumers consider more affordable options such as purchasing used vehicles from retailers like CarMax.

08.00.2026 - KMX Stock was up 5.1%

• CarMax's stock surged following the company's strategy to reduce prices and margins on used cars, ramp up marketing expenses, and lower overall costs to drive unit sales and increase affordability for customers.
• This shift in approach comes after a period of sales and earnings decline, prompting recent changes in senior leadership.
• The market responded positively to these strategic changes, possibly expecting an improvement in CarMax's financial performance and growth opportunities, leading to today's bullish movement in the stock price.

04.01.2026 - KMX Stock was up 5.2%

• CarMax's bullish movement today is due to the positive recognition from TIME Magazine as one of America's Most Iconic Companies. This showcases its brand recognition, cultural influence, and commitment to transparency and innovation in the used car market.
• The market responded favorably to CarMax's strategic initiatives, including new pricing and marketing strategies, significant cost-cutting measures, and layoffs to address a recent sales slump. Investors may view these actions as proactive steps towards revitalizing sales and improving the company's financial performance.
• Despite facing challenges such as declining retail sales and profit margins, the news of BML Capital Management's substantial investment in CarMax, with a $6 million bet on a potential turnaround, likely instilled confidence in the market about the company's future prospects, contributing to today's bullish movement.

10.11.2025 - KMX Stock was up 5.7%

• Investors may consider the recent legal issues and fraud accusations as temporary hurdles for CarMax, leading to the surge in the stock price.
• Despite the unfavorable Q2 Fiscal Year 2026 financial results and stock decline, the current stock price might have attracted investors, prompting increased demand and the upward movement in the market.
• The company's ability to navigate challenges and remain resilient could have boosted investor confidence, contributing to the favorable market performance witnessed today.