Overview
CarMax, Inc., based in the United States, primarily operates in the automotive retail industry and is recognized as the nation's largest retailer of used vehicles. The company's business model focuses on offering a broad range of used cars, which are sold through a combination of physical superstores and digital platforms, providing consumers with a seamless and user-friendly car-buying experience. Core to CarMax's operation is its unique auto-financing segment, which facilitates consumer sales by providing potentially customizable financing options. Noteworthily, CarMax has been expanding its digital capabilities, integrating online sales mechanisms with its nationwide network of stores, aiming to enhance accessibility and customer satisfaction in the used car market. This strategic alignment emphasizes technology-driven growth and customer-centric service delivery, underpinning its key projects and overall market strategy.
Basic Stats
The share price of CarMax, Inc. as of September 4, 2025 is $60.95 / share. This is a decrease of -1.96% from the prior week. The market cap (or net worth) of CarMax, Inc. as of September 4, 2025 is $9,177.98 MM.
The Factor Analysis chart (below right) shows a view of CarMax, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 9,177.98 MM |
| EV | 27,671.82 MM |
| Shares Out. | 150.58 MM |
| Earnings Date | |
| EPS (TTM) | 3.71 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.25 |
| Short Shares Avail. | 3.20 MM |
| Short Interest | 15.16 MM |
| Short Float | 10.16 % |
| Days to Cover | 5.99 days |
| Risk Free Rate | 4.22 % |
| Price Change (1 yr) | -25.53 % |
| Volatility (1 yr) | 0.38 |
| Beta | 0.56 |
| Sharpe Ratio (1 yr) | -0.79 |
| Sortino Ratio (1 yr) | -1.20 |
| PE Ratio | 16.43 |
| Price/Book | 1.46 |
| Price/TBV | 1.49 |
| Book/Market | 0.68 |
| EBIT/EV | 0.03 |
| EBIT(3yr avg)/EV | 0.02 |
| ROA | 0.02 |
| ROE | 0.09 |
| ROIC | 0.02 |
| CROIC | 0.00 |
| OCROIC | 0.04 |
| Implied Volatility | 44.85 % |
| Put/Call OI Ratio | 0.60 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for CarMax, Inc. is $83.58. The forecasts range from a low of $52.52 to a high of $128.24. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for CarMax, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-12-29 | Morgan Stanley | Overweight | Maintains | |
| 2022-12-23 | Oppenheimer | Outperform | Maintains | |
| 2022-12-23 | Evercore ISI Group | In-Line | Maintains | |
| 2022-12-23 | B of A Securities | Underperform | Maintains | |
| 2022-11-18 | JP Morgan | Neutral | Maintains | |
| 2022-10-04 | Morgan Stanley | Overweight | Maintains | |
| 2022-10-03 | Stephens & Co. | Overweight | Equal-Weight | Downgrade |
| 2022-09-30 | Wedbush | Neutral | Maintains | |
| 2022-09-30 | RBC Capital | Outperform | Maintains | |
| 2022-09-30 | Oppenheimer | Outperform | Maintains | |
| 2022-09-30 | Baird | Outperform | Maintains | |
| 2022-09-09 | JP Morgan | Neutral | Maintains | |
| 2022-09-09 | B of A Securities | Neutral | Underperform | Downgrade |
| 2022-07-14 | Morgan Stanley | Overweight | Maintains | |
| 2022-06-27 | Wedbush | Neutral | Maintains | |
| 2022-06-27 | RBC Capital | Outperform | Maintains | |
| 2022-06-07 | JP Morgan | Neutral | Maintains | |
| 2022-05-16 | Morgan Stanley | Overweight | Maintains | |
| 2022-05-02 | Needham | Hold | Initiate | |
| 2022-04-13 | RBC Capital | Outperform | Maintains | |
| 2022-04-13 | JP Morgan | Overweight | Neutral | Downgrade |
| 2022-04-08 | Oppenheimer | Outperform | Maintains | |
| 2022-04-06 | B of A Securities | Buy | Neutral | Downgrade |
| 2022-02-16 | Evercore ISI Group | Outperform | In-Line | Downgrade |
| 2022-01-27 | Seaport Global | Neutral | Buy | Upgrade |
| 2021-12-23 | RBC Capital | Outperform | Maintains | |
| 2021-12-07 | JP Morgan | Neutral | Overweight | Upgrade |
| 2021-10-01 | RBC Capital | Outperform | Maintains | |
| 2021-10-01 | Guggenheim | Buy | Neutral | Downgrade |
| 2021-07-16 | B of A Securities | Buy | Maintains | |
| 2021-06-28 | Stephens & Co. | Overweight | Maintains | |
| 2021-06-28 | RBC Capital | Outperform | Maintains | |
| 2021-06-28 | JP Morgan | Neutral | Maintains | |
| 2021-06-28 | Baird | Outperform | Maintains | |
| 2021-05-19 | Wedbush | Outperform | Neutral | Downgrade |
| 2021-04-09 | Oppenheimer | Outperform | Maintains | |
| 2021-04-05 | RBC Capital | Outperform | Maintains | |
| 2021-03-31 | Seaport Global | Buy | Neutral | Downgrade |
| 2021-02-17 | Wedbush | Outperform | Maintains | |
| 2020-12-23 | Morgan Stanley | Overweight | Maintains | |
| 2020-12-09 | JP Morgan | Overweight | Neutral | Downgrade |
| 2020-11-17 | B of A Securities | Buy | Maintains | |
| 2020-10-19 | Seaport Global | Buy | Initiate | |
| 2020-10-15 | B of A Securities | Buy | Maintains | |
| 2020-10-02 | Morgan Stanley | Overweight | Maintains | |
| 2020-09-23 | B of A Securities | Buy | Maintains | |
| 2020-08-18 | Wedbush | Outperform | Maintains | |
| 2020-07-02 | Oppenheimer | Outperform | Maintains | |
| 2020-06-22 | RBC Capital | Outperform | Maintains | |
| 2020-06-22 | Morgan Stanley | Overweight | Maintains | |
| 2020-06-01 | JP Morgan | Overweight | Initiate | |
| 2020-05-12 | Wedbush | Neutral | Outperform | Upgrade |
| 2020-04-14 | Wedbush | Neutral | Maintains | |
| 2020-04-03 | Wedbush | Neutral | Maintains | |
| 2020-04-03 | Stephens & Co. | Overweight | Maintains | |
| 2020-04-03 | RBC Capital | Outperform | Maintains | |
| 2020-04-03 | Oppenheimer | Outperform | Maintains | |
| 2020-04-03 | Morgan Stanley | Overweight | Maintains | |
| 2020-04-03 | Credit Suisse | Outperform | Maintains | |
| 2020-04-02 | CFRA | Strong Buy | Maintains | |
| 2020-03-30 | Morgan Stanley | Overweight | Maintains | |
| 2020-02-07 | Evercore ISI Group | Outperform | Initiate | |
| 2019-12-26 | Argus Research | Buy | Maintains | |
| 2019-12-24 | Credit Suisse | Outperform | Maintains | |
| 2019-12-23 | Wedbush | Neutral | Maintains | |
| 2019-12-23 | Morgan Stanley | Overweight | Maintains | |
| 2019-12-18 | RBC Capital | Outperform | Maintains | |
| 2019-12-18 | Buckingham | Neutral | Maintains | |
| 2019-12-16 | Oppenheimer | Outperform | Maintains | |
| 2019-12-04 | Morgan Stanley | Overweight | Maintains | |
| 2019-09-25 | Stephens & Co. | Overweight | Maintains | |
| 2019-09-25 | Guggenheim | Buy | Maintains | |
| 2019-09-25 | Buckingham | Neutral | Maintains | |
| 2019-09-03 | Morgan Stanley | Overweight | Maintains | |
| 2019-07-18 | Bank of America | Buy | Maintains | |
| 2019-06-28 | Northcoast Research | Buy | Neutral | Downgrade |
| 2019-06-24 | Buckingham Research | Buy | Neutral | Downgrade |
| 2019-06-24 | Baird | Outperform | Maintains | |
| 2019-06-19 | RBC Capital | Outperform | Maintains | |
| 2019-04-17 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2019-04-17 | Credit Suisse | Outperform | Outperform | Maintains |
| 2019-04-01 | Stephens & Co. | Equal-Weight | Overweight | Upgrade |
| 2019-04-01 | Buckingham | Buy | Buy | Maintains |
| 2019-01-18 | Wedbush | Outperform | Neutral | Downgrade |
| 2018-09-27 | Baird | Neutral | Outperform | Upgrade |
| 2018-07-10 | Morgan Stanley | Underweight | Overweight | Upgrade |
| 2018-06-25 | Wedbush | Outperform | Outperform | Maintains |
| 2018-06-25 | Guggenheim | Buy | Neutral | Downgrade |
| 2018-06-25 | Buckingham | Buy | Neutral | Downgrade |
| 2018-06-25 | Baird | Neutral | Neutral | Maintains |
| 2018-04-17 | Guggenheim | Buy | Initiate | |
| 2018-04-06 | Credit Suisse | Outperform | Outperform | Maintains |
| 2018-04-05 | Deutsche Bank | Hold | Hold | Maintains |
| 2018-04-05 | Buckingham | Neutral | Buy | Upgrade |
| 2018-04-05 | Bank of America | Buy | Buy | Maintains |
| 2018-01-18 | Oppenheimer | Perform | Outperform | Upgrade |
| 2018-01-08 | Berenberg | Hold | Buy | Upgrade |
| 2017-12-04 | Moffett Nathanson | Neutral | Initiate | |
| 2017-11-17 | Deutsche Bank | Buy | Hold | Downgrade |
| 2017-10-05 | Oppenheimer | Outperform | Perform | Downgrade |
| 2017-10-04 | Berenberg | Hold | Initiate | |
| 2017-09-29 | Credit Suisse | Outperform | Maintains | |
| 2017-09-25 | Buckingham | Neutral | Maintains | |
| 2017-06-22 | Susquehanna | Positive | Neutral | Downgrade |
| 2017-06-22 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2017-04-07 | Susquehanna | Positive | Maintains | |
| 2017-02-01 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| 2016-10-24 | Deutsche Bank | Hold | Buy | Upgrade |
| 2016-09-22 | Deutsche Bank | Hold | Maintains | |
| 2016-09-09 | Buckingham Research | Buy | Neutral | Downgrade |
| 2016-09-07 | Baird | Neutral | Maintains | |
| 2016-08-25 | Susquehanna | Positive | Initiate | |
| 2016-04-08 | Deutsche Bank | Hold | Maintains | |
| 2016-03-29 | Morgan Stanley | Equal-Weight | Maintains | |
| 2016-03-28 | Sterne Agee CRT | Buy | Neutral | Downgrade |
| 2016-03-17 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| 2016-03-11 | Northcoast Research | Buy | Neutral | Downgrade |
| 2016-01-25 | Deutsche Bank | Hold | Maintains | |
| 2016-01-12 | Oppenheimer | Outperform | Upgrade | |
| 2016-01-11 | Goldman Sachs | Buy | Maintains | |
| 2015-09-23 | Oppenheimer | Outperform | Perform | Downgrade |
| 2015-08-03 | Goldman Sachs | Buy | Maintains | |
| 2015-07-08 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2015-06-30 | SunTrust Robinson Humphrey | Neutral | Initiate | |
| 2015-05-14 | Sterne Agee CRT | Buy | Initiate | |
| 2015-04-27 | Stifel Nicolaus | Buy | Maintains | |
| 2015-03-17 | Evercore ISI Group | Buy | Initiate | |
| 2015-03-04 | Baird | Outperform | Neutral | Downgrade |
| 2014-11-17 | Morgan Stanley | Overweight | Equal-weight | Downgrade |
| 2014-09-24 | Bank of America | Buy | Maintains | |
| 2014-06-26 | KeyBanc | Buy | Initiate | |
| 2014-06-20 | William Blair | Outperform | Upgrade | |
| 2014-04-01 | Wedbush | Neutral | Initiate | |
| 2013-12-23 | Deutsche Bank | Hold | Maintains | |
| 2013-09-25 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2013-06-24 | Goldman Sachs | Buy | Maintains | |
| 2013-06-24 | Deutsche Bank | Hold | Maintains | |
| 2013-06-14 | Nomura | Buy | Maintains | |
| 2013-05-21 | William Blair | Outperform | Market Perform | Downgrade |
| 2013-05-14 | Nomura | Buy | Initiate | |
| 2013-04-11 | Stifel Nicolaus | Buy | Maintains | |
| 2013-04-11 | Goldman Sachs | Buy | Maintains | |
| 2012-12-21 | Stifel Nicolaus | Buy | Maintains | |
| 2012-12-21 | Goldman Sachs | Buy | Maintains | |
| 2012-12-21 | Deutsche Bank | Hold | Maintains | |
| 2012-11-29 | Goldman Sachs | Neutral | Upgrade | |
| 2012-10-26 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2012-09-20 | Bank of America | Buy | Maintains | |
| 2012-09-14 | Goldman Sachs | Neutral | Maintains | |
| 2012-09-12 | Morgan Stanley | Overweight | Initiate | |
| 2012-06-25 | Deutsche Bank | Hold | Maintains | |
| 2012-06-22 | Goldman Sachs | Neutral | Maintains | |
| 2012-06-22 | Bank of America | Buy | Maintains | |
| 2012-04-10 | BGB Securities | Buy | Maintains | |
| 2023-01-11 | JP Morgan | Neutral | Underweight | Downgrade |
| 2023-01-05 | Argus Research | Buy | Hold | Downgrade |
| 2023-02-23 | Truist Securities | Hold | Initiate | |
| 2023-03-10 | JP Morgan | Underweight | Maintains | |
| 2023-03-16 | Wedbush | Neutral | Reiterate | |
| 2023-03-31 | Stephens & Co. | Equal-Weight | Maintains | |
| 2023-04-12 | Wedbush | Neutral | Reiterate | |
| 2023-04-14 | Oppenheimer | Outperform | Maintains | |
| 2023-04-12 | Truist Securities | Hold | Maintains | |
| 2023-04-13 | B of A Securities | Underperform | Maintains | |
| 2023-04-13 | RBC Capital | Outperform | Maintains | |
| 2023-04-24 | Wedbush | Neutral | Maintains | |
| 2023-06-12 | Northcoast Research | Buy | Neutral | Downgrade |
| 2023-06-15 | Truist Securities | Hold | Hold | Reiterate |
| 2023-06-28 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2023-12-22 | Truist Securities | Hold | Hold | Maintains |
| 2023-12-22 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-02-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2023-06-26 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-06-26 | Truist Securities | Hold | Hold | Maintains |
| 2023-06-26 | JP Morgan | Underweight | Underweight | Maintains |
| 2023-08-17 | Wedbush | Neutral | Neutral | Reiterate |
| 2023-09-19 | Wedbush | Neutral | Neutral | Reiterate |
| 2023-08-17 | Baird | Outperform | Outperform | Maintains |
| 2023-11-16 | Wedbush | Outperform | Outperform | Maintains |
| 2023-10-31 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-03-20 | Needham | Hold | Buy | Upgrade |
| 2023-11-29 | JP Morgan | Underweight | Underweight | Maintains |
| 2023-10-18 | Wedbush | Outperform | Outperform | Reiterate |
| 2023-07-14 | Oppenheimer | Outperform | Outperform | Maintains |
| 2023-09-25 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2023-09-25 | Wedbush | Neutral | Outperform | Upgrade |
| 2023-09-29 | Stephens & Co. | Equal-Weight | Equal-Weight | Maintains |
| 2023-09-29 | Baird | Outperform | Outperform | Maintains |
| 2023-10-18 | Truist Securities | Hold | Hold | Reiterate |
| 2023-09-29 | Truist Securities | Hold | Hold | Maintains |
| 2023-09-29 | RBC Capital | Outperform | Outperform | Maintains |
| 2023-09-29 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-02-29 | B of A Securities | Underperform | Underperform | Maintains |
| 2024-04-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-06-06 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-04-15 | JP Morgan | Underweight | Underweight | Maintains |
| 2024-04-02 | Wedbush | Outperform | Outperform | Maintains |
| 2024-03-19 | Mizuho | Neutral | Initiate | |
| 2024-05-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-04-12 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-04-12 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-04-12 | Truist Securities | Hold | Hold | Maintains |
| 2024-04-12 | Needham | Buy | Buy | Maintains |
| 2024-04-12 | Mizuho | Neutral | Neutral | Maintains |
| 2024-04-12 | Baird | Outperform | Outperform | Maintains |
| 2024-04-09 | Oppenheimer | Outperform | Outperform | Reiterate |
| 2024-04-08 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-03-26 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-01-17 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-06-24 | Oppenheimer | Outperform | Outperform | Maintains |
| 2024-06-24 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-06-24 | Truist Securities | Hold | Hold | Maintains |
| 2024-06-24 | Needham | Buy | Buy | Maintains |
| 2024-06-18 | Truist Securities | Hold | Hold | Maintains |
| 2024-06-18 | Mizuho | Neutral | Neutral | Maintains |
| 2024-06-18 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-06-21 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2024-06-20 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-07-17 | Wedbush | Outperform | Outperform | Maintains |
| 2024-07-16 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-12-03 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-09-27 | Truist Securities | Hold | Hold | Maintains |
| 2024-09-27 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-09-27 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-09-27 | Needham | Buy | Buy | Maintains |
| 2024-10-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-10-16 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-04-11 | Needham | Buy | Buy | Maintains |
| 2025-04-11 | Baird | Outperform | Outperform | Maintains |
| 2025-04-11 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-08-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-04-11 | Wedbush | Outperform | Outperform | Maintains |
| 2025-03-27 | JP Morgan | Underweight | Underweight | Maintains |
| 2024-10-22 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-12-05 | Stephens & Co. | Equal-Weight | Initiate | |
| 2024-10-17 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-09-17 | Wedbush | Outperform | Outperform | Reiterate |
| 2024-10-03 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2024-10-16 | Needham | Buy | Buy | Reiterate |
| 2024-10-04 | Oppenheimer | Outperform | Outperform | Maintains |
| 2024-12-05 | JP Morgan | Underweight | Underweight | Maintains |
| 2024-09-30 | Needham | Buy | Buy | Maintains |
| 2024-09-23 | Truist Securities | Hold | Hold | Maintains |
| 2024-12-20 | Needham | Buy | Buy | Maintains |
| 2024-12-20 | JP Morgan | Underweight | Underweight | Maintains |
| 2024-12-20 | Truist Securities | Hold | Hold | Maintains |
| 2024-12-20 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-12-20 | Mizuho | Neutral | Neutral | Maintains |
| 2025-04-16 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-03-11 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2024-09-19 | JP Morgan | Underweight | Underweight | Maintains |
| 2025-02-03 | Needham | Buy | Buy | Maintains |
| 2025-08-19 | Stephens & Co. | Overweight | Overweight | Reiterate |
| 2025-08-19 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-04-01 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-06-18 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-04-21 | Wedbush | Outperform | Outperform | Maintains |
| 2025-08-06 | JP Morgan | Underweight | Neutral | Upgrade |
| 2025-05-19 | Wedbush | Outperform | Outperform | Reiterate |
| 2025-08-12 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-07-17 | Benchmark | Buy | Initiate | |
| 2025-05-28 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-07-03 | Mizuho | Neutral | Neutral | Maintains |
| 2025-06-23 | Needham | Buy | Buy | Reiterate |
| 2025-06-23 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-06-23 | Truist Securities | Hold | Hold | Maintains |
