CarMax Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, CarMax stock has a consensus rating of "Hold" and an average price target of $63.77. The average 1-year stock price forecast is 13.03% higher than the current stock price, while the lowest is $43 (-23.79%) and the highest is $96 (+70.15%).

Price Target: $63.77 (+13.03%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$43	$63.77	$62	$96
Change	-23.79%	+13.03%	+9.89%	+70.15%

Analyst Ratings

The average analyst rating for CarMax stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	2	3	3	2	2	4
Buy	0	0	0	1	1	0
Hold	14	12	14	14	15	15
Sell	4	4	2	2	2	1
Strong Sell	0	0	0	0	0	0
Total	20	19	19	19	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexander Perry Bank of America Securities	Bank of America Securities	Buy Upgrades $50 → $65	Buy	Upgrades	$50 → $65	+15.21%	Oct 15, 2026
Bill Selesky Argus Research	Argus Research	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Oct 2, 2026
Daniela Haigian Morgan Stanley	Morgan Stanley	Hold Reiterates $47 → $53	Hold	Reiterates	$47 → $53	-6.06%	Sep 30, 2026
Rajat Gupta CFA J.P. Morgan	J.P. Morgan	Hold Maintains $70	Hold	Maintains	$70	+24.07%	Sep 30, 2026
Joseph Spak UBS	UBS	Hold Maintains $57 → $62	Hold	Maintains	$57 → $62	+9.89%	Sep 30, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

29.03B

from 27.76B

4.59%

from 27.76B

Revenue Next Year

29.39B

from 29.03B

1.26%

from 29.03B

EPS This Year

3.36

from 2.91

15.39%

from 2.91

EPS Next Year

3.57

from 3.36

6.24%

from 3.36

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 28, 2022	Feb 28, 2023	Feb 29, 2024	Feb 28, 2025	Feb 28, 2026	Feb 28, 2027
Revenue	33.20B	31.13B	28.21B	28.21B	27.76B	29.03B
Revenue Growth	65.23%	-6.24%	-9.36%	-0.02%	-1.60%	4.59%
Gross Profit	4.09B	3.46B	3.28B	3.48B	3.37B	2.95B
Gross Margin	12.32%	11.13%	11.63%	12.34%	12.14%	10.17%
Operating Income	1.55B	747.80M	688.87M	788.93M	691.95M	760.46M
Net Income	1.15B	484.76M	479.20M	500.56M	247.29M	474.78M
EPS	-	-	-	-	2.91	3.36
EPS Growth	-	-	-	-	-9.35%	15.39%
Forward PE	15.50	26.46	24.01	21.46	18.32	16.80
Free Cash Flow	-	-	-	-	1.24B	864.00M
No. Analysts	-	-	-	-	-	14

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	29.7B
Avg	29.0B
Low	28.1B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	7.2%
Avg	4.6%
Low	1.3%

EPS Forecast

Chart

EPS	2027	2028	2029
High	3.86
Avg	3.36
Low	2.90

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	32.6%
Avg	15.4%
Low	-0.3%