CarMax Inc ($KMX) Stock Forecast: Up 5.5% Today

What is CarMax Inc?

CarMax (NYSE: KMX) is a used car retailer based in Richmond, Virginia. The company reported strong Q1 earnings and sales, surpassing expectations and experiencing a bullish market movement today.

Why is CarMax Inc going up?

KMX stock is up 5.5% on Jun 24, 2025 14:36

• 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.

KMX Price Chart

KMX Technical Analysis

KMX News

CarMax Beat Expectations, But Here's What Could Still Hold It Back - CarMax ( NYSE:KMX )

CarMax beat Q1 earnings and sales estimates; used unit comps rose 8.1%, topping expectations. RBC raised target to $81 on upside surprise, but flagged loan loss provisions and macro risks. Get access to the leaderboards pointing to tomorrow's biggest stock movers.

https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46057952/carmax-beat-expectations-but-heres-what-could-still-hold-it-back

These Analysts Increase Their Forecasts On CarMax After Upbeat Q1 Results - CarMax ( NYSE:KMX )

CarMax, Inc. KMX reported better-than-expected first-quarter financial results on Friday. The Richmond, Virginia-based used car retailer registered earnings per share of $1.38, beating the analyst consensus estimate of $1.21. Quarterly sales of $7.55 billion outpaced the analyst consensus ...

https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46057181/these-analysts-increase-their-forecasts-on-carmax-after-upbeat-q1-results

Company News for Jun 23, 2025

Companies in The News Are: ...

https://www.zacks.com/stock/news/2535223/company-news-for-jun-23-2025

CarMax Q1 Earnings Surpass Expectations, Revenues Increase Y/Y

KMX surpasses Q1 earnings estimates, driven by strong used-vehicle sales and rising unit volumes.

https://www.zacks.com/stock/news/2520645/carmax-q1-earnings-surpass-expectations-revenues-increase-yy

CarMax Makes The Most Of Booming Used Car Market, Stock Soars - CarMax ( NYSE:KMX )

Retail used unit sales rose 9%, boosting total gross profit by 12.8%. CarMax repurchased 3M shares in Q1, with $1.74B buyback capacity remaining. See how Matt Maley is positioning for post-Fed volatility and momentum-live this Sunday, June 22 at 1 PM ET. CarMax Inc.

https://www.benzinga.com/markets/earnings/25/06/46025302/carmax-makes-the-most-of-booming-used-car-market-stock-soars

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CarMax Inc Price History

26.08.2024 - KMX Stock was up 5.1%

• CarMax reported mixed second-quarter earnings results, with sales beating expectations but profits being weighed down by loan losses.
• Despite the weaker earnings, the market reacted positively to CarMax's performance, possibly due to the overall bullish sentiment in the market with Dow futures gaining around 200 points.
• The options activity for CarMax showed a bullish stance from financial giants, indicating confidence in the company's future prospects.
• The decline in Concentrix Corporation's stock price in the pre-market session may have indirectly contributed to investors shifting focus towards CarMax, leading to its bullish movement.

11.03.2025 - KMX Stock was up 6.3%

• CarMax (KMX) experienced a positive market response driven by the strong Q4 sales performance and the announcement of expansion plans.
• The market reacted well to the growth in retail used unit sales and the proposed capital expenditures for expansion.
• Investors remain upbeat about CarMax's growth potential despite the earnings miss, especially with the upcoming new store openings and reconditioning centers.
• The market showed sensitivity to trade tensions and tariffs in China, reflecting concerns about potential impacts on companies like CarMax.

16.03.2025 - KMX Stock was down 5.1%

• CarMax (KMX) faced a downtrend, possibly influenced by various factors:
• An ongoing investigation led by legal representatives might have caused worry among investors and triggered a sell-off.
• Changes in trade policies, particularly the cessation of duty-free e-commerce imports, likely played a role in the stock's decline.
• Analysts' speculations on the impact of tariffs on CarMax, such as potentially increasing demand for used cars due to higher prices of new vehicles, created uncertainty in market sentiment.
• Despite positive Q4 sales and growth in used car sales, external conditions and market dynamics appear to have outweighed CarMax's strong performance, resulting in the stock's downward movement.

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.

11.06.2024 - KMX Stock was up 5.0%

• CarMax (KMX) stock rose despite a recent "Sell" rating it received.
• Positive market sentiment and potential rate cuts by the Federal Reserve may have influenced the stock's upward movement.
• Investors might have focused on strong financial performance and market demand for used vehicles.
• The stock's rise could also be linked to the positive movement of Carvana's stock, reflecting optimism towards the used car industry in general.

08.03.2025 - KMX Stock was up 5.6%

• CarMax (KMX) experienced a strong bullish movement today, potentially driven by positive market sentiment and anticipation for its upcoming Q4 earnings.
• Analysts' insights on key performance measures and the comparison with a competitor may have instilled confidence in investors, leading to increased buying activity.
• The recognition of CarMax being named one of Fortune magazine's 100 Best Companies to Work For® for the 21st consecutive year could have also boosted investor morale, reflecting positively on the company's corporate culture and long-term stability.

01.07.2024 - KMX Stock was down 3.8%

• The insider selling of stock options by CarMax's EVP and COO might have signaled a lack of confidence in the company's future prospects, potentially contributing to the bearish movement.
• The overall market sentiment towards risk-on stocks due to potential rate cuts by the Federal Reserve could have shifted investor focus away from CarMax, leading to the bearish movement.
• The mixed quarterly results and stock price volatility mentioned in the investor letter from Vulcan Value Partners may have raised concerns among investors, further impacting CarMax's stock performance negatively.

02.03.2025 - KMX Stock was up 5.3%

• CarMax (KMX) witnessed a notable bullish trend today, likely influenced by its established performance and reputation in the used car market.
• The recent accolade received by CarMax, securing a spot in Fortune Magazine's 100 Best Companies to Work For® list for the 21st consecutive year, might have contributed to bolstering investor confidence in the company's stability and employee satisfaction, positively impacting its overall business outlook.
• Despite Carvana (CVNA) demonstrating robust sales and profitability figures, CarMax's steady performance and enduring recognition as an exceptional workplace could have positioned it favorably in the eyes of investors, driving the bullish market movement.

10.03.2025 - KMX Stock was down 13.0%

• CarMax had strong Q4 sales of $6B, surpassing estimates, with retail used unit sales increasing by 6.2% Y/Y, indicating a positive performance.
• Despite the strong sales growth, the company's earnings fell short of expectations, resulting in a decline in the stock price.
• Concerns over China's new tariffs possibly affected investor confidence and contributed to the downward movement of CarMax in the market.
• Analysts adjusting their forecasts before the earnings call may have also played a role in the stock's decline as expectations were not met.

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.

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.