The latest price target for CarMax (NYSE:KMX) was reported by JP Morgan on July 29, 2026. The analyst firm set a price target for $60.00 expecting KMX to fall to within 12 months (a possible -5.38% downside). 60 analyst firms have reported ratings in the last year.

The latest analyst rating for CarMax (NYSE:KMX) was provided by JP Morgan, and CarMax upgraded their neutral rating.

The last upgrade for CarMax Inc happened on July 29, 2026 when JP Morgan raised their price target to $60. JP Morgan previously had an underweight for CarMax Inc.

The last downgrade for CarMax Inc happened on November 10, 2025 when Morgan Stanley changed their price target from $56 to $35 for CarMax Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of CarMax, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for CarMax was filed on July 29, 2026 so you should expect the next rating to be made available sometime around July 29, 2027.

While ratings are subjective and will change, the latest CarMax (KMX) rating was a upgraded with a price target of $38.00 to $60.00. The current price CarMax (KMX) is trading at is $63.41, which is out of the analyst’s predicted range.