Investment Analysts’ Weekly Ratings Updates for CarMax (KMX)

Several analysts have recently updated their ratings and price targets for CarMax (NYSE: KMX):

• 6/23/2026 – CarMax had its price target raised by Morgan Stanley from $35.00 to $44.00. They now have an “equal weight” rating on the stock.
• 6/23/2026 – CarMax had its price target raised by UBS Group AG from $42.00 to $57.00. They now have a “neutral” rating on the stock.
• 6/18/2026 – CarMax had its price target raised by Truist Financial Corporation from $47.00 to $50.00. They now have a “hold” rating on the stock.
• 6/18/2026 – CarMax had its “hold” rating reaffirmed by Benchmark Co..
• 6/18/2026 – CarMax had its price target raised by Royal Bank Of Canada from $41.00 to $45.00. They now have a “sector perform” rating on the stock.
• 6/18/2026 – CarMax had its price target raised by Robert W. Baird from $48.00 to $55.00. They now have an “outperform” rating on the stock.
• 6/18/2026 – CarMax had its price target raised by Barclays PLC from $31.00 to $37.00. They now have an “underweight” rating on the stock.
• 6/18/2026 – CarMax had its price target raised by JPMorgan Chase & Co. from $37.00 to $38.00. They now have an “underweight” rating on the stock.
• 6/18/2026 – CarMax was upgraded by Stephens from “equal weight” to “overweight”. They now have a $66.00 price target on the stock.
• 6/18/2026 – CarMax had its price target raised by Mizuho from $38.00 to $43.00. They now have a “neutral” rating on the stock.
• 6/17/2026 – CarMax had its price target raised by Bank of America Corporation from $40.00 to $45.00. They now have an “underperform” rating on the stock.
• 6/16/2026 – CarMax had its price target raised by Truist Financial Corporation from $37.00 to $47.00. They now have a “hold” rating on the stock.
• 6/13/2026 – CarMax was upgraded by Wall Street Zen from “sell” to “hold”.
• 6/12/2026 – CarMax had its price target raised by Barclays PLC from $26.00 to $31.00. They now have an “underweight” rating on the stock.
• 6/11/2026 – CarMax had its price target raised by JPMorgan Chase & Co. from $35.00 to $37.00. They now have an “underweight” rating on the stock.
• 5/31/2026 – CarMax was downgraded by Wall Street Zen from “hold” to “sell”.
• 5/27/2026 – CarMax is now covered by UBS Group AG. They set a “neutral” rating and a $42.00 price target on the stock.
• 5/27/2026 – CarMax is now covered by UBS Group AG. They set a “hold” rating and a $42.00 price target on the stock.
• 5/23/2026 – CarMax was upgraded by Wall Street Zen from “sell” to “hold”.

Insider Transactions at CarMax

In related news, CEO Keith Barr purchased 9,400 shares of CarMax stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the acquisition, the chief executive officer owned 33,375 shares of the company’s stock, valued at $1,769,208.75. This trade represents a 39.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sona Chawla purchased 2,000 shares of CarMax stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $53.39 per share, with a total value of $106,780.00. Following the completion of the acquisition, the director directly owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. This trade represents a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 13,900 shares of company stock valued at $735,574 in the last quarter. 1.01% of the stock is currently owned by company insiders.

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.