CarMax (KMX) Stock Price Target 2026

The average analyst price target for CarMax is $59.80, 10.5% above the current price. Of 15 analysts, 3 rate it Buy, 11 Hold and 1 Sell. Targets range from $36 to $90. The latest change came on Nov 4, 2026, when JP Morgan lowered its price target on CarMax from $70 to $65 and kept a Neutral rating.

The Average Analyst Price Target for CarMax is $59.80.

Price Target Range — 9 Quarters

Analyst Consensus — 15 Analysts

3Buy

11Hold

1Sell

Consensus RatingNeutral# Analysts15Avg. Consensus PT$59.80Upside to Avg. PT+10.5%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for CarMax Stock

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Nov 4, 2026	JP Morgan	Rajat Gupta	PT Cut	Neutral	$70→$65
Oct 15, 2026	B of A Securities	Alexander Perry	Upgrade	Underperform→Buy	$50→$65
Sep 30, 2026	Barclays	John Babcock	PT Raise	Equal-Weight	$61→$67
Sep 30, 2026	UBS	Joseph Spak	PT Raise	Neutral	$57→$62
Sep 30, 2026	Morgan Stanley	Daniela Haigian	PT Raise	Equal-Weight	$47→$53
Sep 30, 2026	Truist Securities	Scot Ciccarelli	PT Raise	Hold	$50→$60
Sep 30, 2026	RBC Capital	Steven Shemesh	PT Raise	Sector Perform	$45→$56
Sep 30, 2026	Baird	Craig Kennison	PT Raise	Outperform	$64→$70
Sep 30, 2026	BNP Paribas	Chris Bottiglieri	PT Raise	Underperform	$33→$48
Sep 30, 2026	B of A Securities	John Murphy	PT Raise	Underperform	$45→$50
Sep 25, 2026	Stephens & Co.	Jeff Lick	PT Raise	Overweight	$66→$74
Sep 23, 2026	Morgan Stanley	Daniela Haigian	PT Raise	Equal-Weight	$44→$47
Sep 18, 2026	JP Morgan	Rajat Gupta	PT Raise	Neutral	$60→$70
Jul 29, 2026	JP Morgan	Rajat Gupta	Upgrade	Underweight→Neutral	$38→$60
Jul 21, 2026	Barclays	John Babcock	Upgrade	Underweight→Equal-Weight	$37→$61
Jun 23, 2026	Morgan Stanley	Daniela Haigian	PT Raise	Equal-Weight	$35→$44
Jun 23, 2026	UBS	Joseph Spak	PT Raise	Neutral	$42→$57
Jun 22, 2026	Barclays	John Babcock	PT Raise	Underweight	$31→$37
Jun 18, 2026	Stephens & Co.	Jeff Lick	Upgrade	Equal-Weight→Overweight	$43→$66
Jun 18, 2026	JP Morgan	Rajat Gupta	PT Raise	Underweight	$37→$38