Wall Street analyst estimates for CarMax, Inc. (KMX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and luxury models, in addition to hybrid and electric options.
Consensus price target
$61.00 (+8 % vs price $56.42)
between $43.00 and $74.00 · 11 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $28.7B | $27.2B – $30.4B | $3.18 | 13 |
| 2028E | $29.5B | $27.6B – $31.8B | $3.61 | 13 |
| 2029E | $30.5B | $28.9B – $31.4B | $4.22 | 5 |
Fiscal year ending in February · figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 1 |
| Buy | 11 |
| Hold | 23 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 37 |
| Avg rating (−2 sell to +2 buy) | 0.30 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-17 | $0.45 | ||
| 2026-09-29 | $1.16 | $0.73 | +58.5% |
| 2026-06-17 | $1.31 | $0.96 | +35.8% |
| 2026-04-14 | $0.34 | $0.23 | +48.9% |
| 2025-12-18 | $0.51 | $0.31 | +66.4% |
| 2025-09-25 | $0.64 | $1.04 | -38.5% |
| 2025-06-20 | $1.38 | $1.16 | +19.0% |
| 2025-04-10 | $0.64 | $0.66 | -3.0% |
Valuation Ratios
| P/E Ratio | 26.49 |
| Price / Book | 1.27 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.88B | $17.12B | $18.17B | $20.32B | $18.95B | $31.90B | $29.68B | $26.54B | $26.35B | $25.88B |
| Cost of Revenue | $13.69B | $14.79B | $15.69B | $17.60B | $16.57B | $28.61B | $26.88B | $23.82B | $23.46B | $23.07B |
| Gross Profit | $2.18B | $2.33B | $2.48B | $2.72B | $2.38B | $3.29B | $2.80B | $2.71B | $2.90B | $2.81B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.49B | $1.62B | $1.77B | $1.79B | $1.75B | $2.38B | $2.55B | $2.35B | $2.51B | $2.53B |
| Operating Expenses | $1.49B | $1.62B | $1.92B | $2.17B | $2.11B | $2.74B | $3.11B | $2.92B | $3.12B | $3.22B |
| Operating Income | $694.8M | $711.8M | $558.2M | $553.5M | $272.9M | $551.6M | -$310.9M | -$205.7M | -$220.5M | -$409.8M |
| EBITDA | $1.23B | $1.31B | $1.66B | $1.82B | $1.61B | $2.09B | $1.33B | $1.67B | $1.84B | $1.61B |
| Interest Expense | $56.4M | $70.7M | $75.8M | $83.0M | $86.2M | $322.9M | $430.7M | $763.5M | $871.1M | $879.6M |
| Pre-tax Income | $1.01B | $1.06B | $1.11B | $1.16B | $965.3M | $1.49B | $636.8M | $641.6M | $669.4M | $383.4M |
| Income Tax | $379.4M | $399.5M | $270.4M | $272.6M | $218.3M | $341.0M | $152.0M | $162.4M | $168.8M | $136.1M |
| Net Income | $627.0M | $664.1M | $842.4M | $888.4M | $746.9M | $1.15B | $484.8M | $479.2M | $500.6M | $247.3M |
| EPS | $3.29 | $3.60 | $4.83 | $5.39 | $4.58 | $7.09 | $3.05 | $3.03 | $3.22 | $1.68 |
| EPS (Diluted) | $3.26 | $3.60 | $4.79 | $5.33 | $4.52 | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Shares Outstanding (Diluted) | 192.2 M | 184.5 M | 175.9 M | 166.8 M | 165.1 M | 165.2 M | 159.8 M | 158.7 M | 156.1 M | 147.6 M |
Price
| Price | $56.42 (closing price, November 2, 2026) |
| Market Cap | $8.0B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Consumer Cyclical · Auto - Dealerships
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