Research Analysts’ Recent Ratings Changes for CarMax (KMX)

A number of research firms have changed their ratings and price targets for CarMax (NYSE: KMX):

• 9/30/2026 – CarMax had its price target raised by Morgan Stanley from $47.00 to $53.00. They now have an “equal weight” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by Truist Financial Corporation from $50.00 to $60.00. They now have a “hold” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by UBS Group AG from $57.00 to $62.00. They now have a “neutral” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by Barclays PLC from $61.00 to $67.00. They now have an “equal weight” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by Bank of America Corporation from $45.00 to $50.00. They now have an “underperform” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by Robert W. Baird from $64.00 to $70.00. They now have an “outperform” rating on the stock.
• 9/30/2026 – CarMax had its price target raised by Royal Bank Of Canada from $45.00 to $56.00. They now have a “sector perform” rating on the stock.
• 9/30/2026 – CarMax had its “strong sell” rating reaffirmed by BNP Paribas Exane. They now have a $48.00 price target on the stock, up from $33.00.
• 9/25/2026 – CarMax had its price target raised by Stephens from $66.00 to $74.00. They now have an “overweight” rating on the stock.
• 9/23/2026 – CarMax had its price target raised by Morgan Stanley from $44.00 to $47.00. They now have a “cautious” rating on the stock.
• 9/23/2026 – CarMax had its price target raised by Morgan Stanley from $44.00 to $47.00. They now have an “equal weight” rating on the stock.
• 9/18/2026 – CarMax had its price target raised by JPMorgan Chase & Co. from $60.00 to $70.00. They now have a “neutral” rating on the stock.
• 9/16/2026 – CarMax was downgraded by Zacks Research from “strong-buy” to “hold”.
• 8/11/2026 – CarMax was upgraded by Zacks Research from “hold” to “strong-buy”.

CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.

In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.