CarMax, Inc. (KMX)

CarMax Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for CarMax stock have an average target of 79.18, with a low estimate of 50 and a high estimate of 105. The average target predicts an increase of 7.42% from the current stock price of 73.71.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$79.18	$80	$105
Change	-32.17%	+7.42%	+8.53%	+42.45%

Analyst Ratings

The average analyst rating for CarMax stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	1	1	1	1	1	1
Buy	5	5	5	5	5	5
Hold	5	4	4	4	3	3
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	13	12	12	12	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Montani Evercore ISI Group	Evercore ISI Group	Hold Maintains $79 → $76	Hold	Maintains	$79 → $76	+3.11%	Oct 22, 2024
Michael Montani Evercore ISI Group	Evercore ISI Group	Hold Maintains $76 → $79	Hold	Maintains	$76 → $79	+7.18%	Oct 17, 2024
Steven Shemesh RBC Capital	RBC Capital	Buy Reiterates $82	Buy	Reiterates	$82	+11.25%	Oct 16, 2024
Seth Basham Wedbush	Wedbush	Buy Reiterates $95	Buy	Reiterates	$95	+28.88%	Oct 16, 2024
Chris Pierce Needham	Needham	Strong Buy Reiterates $90	Strong Buy	Reiterates	$90	+22.10%	Oct 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

26.07B

Decreased by -7.59%

from 28.21B

Revenue Next Year

27.12B

Increased by 4.03%

from 26.07B

EPS This Year

3.01

Decreased by -0.26%

from 3.02

EPS Next Year

3.77

Increased by 25.19%

from 3.01

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 29, 2020	Feb 28, 2021	Feb 28, 2022	Feb 28, 2023	Feb 29, 2024	Mar 1, 2025	Mar 1, 2026	Mar 1, 2027
Revenue	21.42B	20.09B	33.20B	31.13B	28.21B	26.07B	27.12B	28.94B
Revenue Growth	11.90%	-6.22%	65.22%	-6.24%	-9.36%	-7.59%	4.03%	6.71%
EPS	5.33	4.52	6.97	3.03	3.02	3.01	3.77	5.10
EPS Growth	11.27%	-15.20%	54.20%	-56.53%	-0.33%	-0.26%	25.19%	35.27%
Forward PE	-	-	-	-	-	24.47	19.55	14.45
No. Analysts	-	-	-	-	-	21	20	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	27.8B	29.7B	32.4B
Avg	26.1B	27.1B	28.9B
Low	24.9B	24.9B	25.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-1.6%	14.0%	19.4%
Avg	-7.6%	4.0%	6.7%
Low	-11.7%	-4.7%	-4.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.57	4.57	10.03
Avg	3.01	3.77	5.10
Low	2.45	2.93	3.48

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	18.2%	51.6%	165.9%
Avg	-0.3%	25.2%	35.3%
Low	-18.9%	-2.7%	-7.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.