CarMax Consensus Price Target Increased by 14.09% to $61.37
The average one-year price target for CarMax (NYSE:KMX) (DB:XA4) has been revised to $61.37 / share. This is an increase of 14.09% from the prior estimate of $53.79 dated September 11, 2026. These figures represent aggregate analyst targets compiled from multiple sources and do not constitute a recommendation orinvestment adviceby Fintel.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $36.36 to a high of $103.25 / share. The average price target represents an increase of 9.80% from the latest reported closing price of $55.89 / share, recorded on October 1, 2026. The current median target increased to $60.18 from a prior median of $48.45, representing an absolute median change of $11.73. The target range narrowed, with the current target range width at $66.89 compared to the prior width of $69.92, a decrease of -4.33%. The current mean-median gap stands at $1.19.
Historically, the mean target remained steady at $53.79 on August 4, August 28, and September 15, 2026, before rising to $61.37 on October 2, 2026. This current mean represents the observed twelve-month high mean, while the observed twelve-month low mean was $39.94 on January 14, 2026. The target has changed by +19.41% since the 90-day baseline date of June 30, 2026.
This target update follows CarMax's latest earnings report on September 29, 2026. The company reported an actual EPS of 1.16, representing a +56.14% surprise against the estimated EPS of 0.7429. Actual revenue reached $7,877,910,000.00, which was an +11.24% surprise over the estimated $7,082,003,132.00. In terms of stock performance, the closing price of $55.89 on October 1, 2026, reflects a one-week price change of -0.83% from a baseline close of $56.36 on September 24, 2026, and a one-month price change of -8.38% from a baseline close of $61.00 on September 1, 2026.
Recent analyst actions on September 30, 2026, show that Barclays maintained an Equal-Weight rating, Truist Securities maintained a Hold rating, B of A Securities maintained an Underperform rating, and Morgan Stanley maintained an Equal-Weight rating. The recommendation trend as of September 1, 2026, consists of 4 strong buy, 3 buy, 17 hold, and 1 sell recommendations, representing 28.0% positive, 68.0% hold, and 4.0% negative recommendations, which is unchanged from the August 1, 2026 period.
In the broader GICS Movies & Entertainment sub-industry, 10 companies are covered. Among these, 2 companies had their targets raised, 2 were lowered, and 6 remained unchanged, with a sub-industry median revision of 0.00% and a median implied change of +56.11%. The following table compares CarMax's peers in the automotive retail market:
| Company | Target revision | Implied change |
|---|---|---|
| AutoNation | -0.94% | +52.48% |
| Lithia Motors | 0.00% | +51.48% |
| Penske Automotive Group | 0.00% | +8.00% |
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