Fintel reports that on November 12, 2025, Barclays initiated coverage of CarMax (NYSE:KMX) with a Underweight recommendation.
Analyst Price Forecast Suggests 66.61% Upside
As of November 9, 2025, the average one-year price target for CarMax is $56.88/share. The forecasts range from a low of $35.35 to a high of $114.42. The average price target represents an increase of 66.61% from its latest reported closing price of $34.14 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CarMax is 31,975MM, an increase of 13.07%. The projected annual non-GAAP EPS is 6.70, a decrease of 12.89% from the prior forecast.
What is the Fund Sentiment?
There are 1,295 funds or institutions reporting positions in CarMax. This is an decrease of 52 owner(s) or 3.86% in the last quarter. Average portfolio weight of all funds dedicated to KMX is 0.24%, an increase of 12.59%. Total shares owned by institutions increased in the last three months by 0.96% to 183,011K shares. 
The put/call ratio of KMX is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,892K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 4,890K shares , representing an increase of 0.03%. The firm decreased its portfolio allocation in KMX by 23.02% over the last quarter.
Diamond Hill Capital Management holds 4,833K shares representing 3.29% ownership of the company. In its prior filing, the firm reported owning 6,962K shares , representing a decrease of 44.04%. The firm decreased its portfolio allocation in KMX by 52.13% over the last quarter.
Janus Henderson Group holds 4,828K shares representing 3.29% ownership of the company. In its prior filing, the firm reported owning 4,744K shares , representing an increase of 1.75%. The firm decreased its portfolio allocation in KMX by 72.64% over the last quarter.
Primecap Management holds 4,560K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 4,738K shares , representing a decrease of 3.89%. The firm decreased its portfolio allocation in KMX by 37.90% over the last quarter.
Aqr Capital Management holds 4,457K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 1,509K shares , representing an increase of 66.14%. The firm increased its portfolio allocation in KMX by 578.28% over the last quarter.
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