CarMax upgraded by Needham with a new price target
$KMX
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Needham upgraded CarMax from Hold to Buy and set a new price target of $99.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/19/2025 | $90.00 | Outperform | Wedbush |
| 3/26/2025 | $86.00 → $90.00 | Equal-Weight → Overweight | Stephens |
| 2/6/2025 | $90.00 → $110.00 | In-line → Outperform | Evercore ISI |
| 12/5/2024 | $86.00 | Equal-Weight | Stephens |
| 3/20/2024 | $99.00 | Hold → Buy | Needham |
| 3/19/2024 | $80.00 | Neutral | Mizuho |
| 9/25/2023 | $85.00 → $90.00 | Neutral → Outperform | Wedbush |
| 6/12/2023 | Buy → Neutral | Northcoast |
CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit per retail used unit of $2,407, up $60 per unit Historically strong gross profit per wholesale unit of $1,047, down $17 per unit Extended Protection Plans (EPP) margin per retail unit of $572, an increase of $9 pe
Richmond, VA, June 04, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, today announced a series of strategic initiatives designed to enhance the used electric vehicle (EV) buying experience for consumers. CarMax is partnering with innovative companies to introduce an advanced battery health assessment tool and provide access to a $200 credit for installation of certain in-home chargers for CarMax customers. In addition, the company has launched the CarMax EV Hub as an online educational resource, along with a badge on CarMax.com that highlights vehicles that may qualify for the federal used EV tax credit. Through these efforts, CarMax is empowe
CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2025 before the market opens on June 20, 2025, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, executive vice president, CarMax Auto Finance. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at investors.carmax.com. A replay of the webcast will be available on the company's