CarMax, Inc. announced its Shift into GEAR growth strategy and a multi-year financial framework during its Strategic Update on November 3, 2026. The company's framework targets a mid-single-digit used retail unit CAGR and a mid-teens adjusted EPS CAGR through fiscal 2030 using fi

CarMax, Inc. Outlines Shift into GEAR Strategy and Targets Mid-Teens Adjusted EPS CAGR Through fiscal 2030

KMX's shares fell 5.8% since Q2 results as higher vehicle sales, cost discipline and CAF growth were accompanied by margin pressures and rising credit exposure. 

CarMax Down 5.8% Since Q2 Earnings: Buy, Sell or Hold KMX? 

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 n

CarMax Consensus Price Target Increased by 14.09% to $61.37

Key PointsCarMax reported earnings yesterday, causing the stock price to jump.

Is Carmax a Buy After Its Latest Earnings Report?

KMX Q2 earnings beat estimates as strong unit sales, pricing and CAF growth lift results, while cost control supports margins.

CarMax Q2 Earnings Beat Estimates on Strong Unit Sales, CAF Growth

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CarMax (KMX) Q2 2027 Earnings Call Transcript

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; wholesale auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.

CarMax, Inc. News