B of A Securities Reiterates Sell Rating on CarMax, Inc.
B of A Securities maintains its sell rating on CarMax with a $45 target, a 13.49% downside from the current price.
Key Points
- B of A Securities reiterated its sell rating on CarMax, Inc. (NYSE: KMX) with a price target of $45 on June 18, 2026.
- B of A Securities's $45 price target implies 13.49% downside from CarMax, Inc.'s ($KMX) current $52.02 share price.
- CarMax shares are trading around $47.58, with a market cap of approximately $6.73 billion and a P/E ratio of 28.23.
- Other analysts have mixed views, with some maintaining sell ratings and others holding positions at various price targets.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
B of A Securities has reiterated its sell rating on CarMax, Inc. (NYSE: KMX), setting a price target of $45. Analyst John Murphy made this announcement on June 18, 2026. CarMax shares are currently trading around $47.58.
Other Institutional Activity in CarMax
Several institutional investors have adjusted their positions in CarMax. BlackRock, Inc. reduced its holdings by 592,747 shares, leaving it with 17,257,461 shares valued at about $717.6 million. AQR Capital Management LLC increased its stake by 2,130,157 shares, bringing its total to 10,060,502 shares worth approximately $412.6 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both hold significant positions, with 7,276,272 and 6,386,764 shares, respectively.
CarMax, Inc. Stock Down 16.2%
CarMax, Inc. (NYSE: KMX) shares are trading near $47.58. The company has a market capitalization of approximately $6.73 billion and a P/E ratio of 28.23. Its forward P/E stands at 17.02, and it has a beta of 1.202, indicating moderate volatility. The stock's 52-week range is between $30.26 and $71.99. It maintains a 50-day moving average of $42.20 and a 200-day moving average of $43.52.
$KMX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
CarMax reported revenue of about $27.76 billion, with a slight revenue decline of 1.2%. The company's earnings per share (EPS) is $1.68, and it has a net margin of 0.89%. The return on equity (ROE) is 4.08%. CarMax is scheduled to announce its next earnings on June 17, 2026.
Insider Buying and Selling at CarMax, Inc.
Several CarMax insiders have recently sold shares. On May 1, 2026, Shamim Mohammad, EVP and CITO, sold 1,015 shares at an average price of $38.53. Similarly, Daniel Jon, EVP, CAF, and Enrique Mayor-Mora, EVP & CFO, each sold 822 and 1,015 shares, respectively, at the same price. John Stuckey III, SVP, Gen Counsel & Secretary, also sold 357 shares.
Analysts Set New Price Targets
On June 18, 2026, B of A Securities maintained its sell rating on CarMax with a $45 price target. Other firms have also weighed in recently. Truist Securities maintained a hold rating with a $47 target on June 16, 2026. Barclays and JP Morgan both maintained sell ratings with targets of $31 and $37, respectively, in early June. The consensus among analysts is a hold, with a mean target price of $43.46 based on 13 opinions.
About CarMax, Inc.
CarMax, Inc. operates as a retailer of used vehicles in the United States. The company runs two main segments: CarMax Sales Operations and CarMax Auto Finance. The Sales Operations segment offers a variety of used vehicles, including domestic, imported, and luxury models, as well as hybrid and electric vehicles. It also provides vehicle auctions, extended protection plans, and reconditioning services. The Auto Finance segment offers financing options to customers. Founded in 1993, CarMax is headquartered in Richmond, Virginia, and led by CEO Mr. Keith Barr, employing nearly 28,000 people.
Bottom Line
B of A Securities' reiteration of a sell rating for CarMax reflects ongoing scrutiny of its financial performance. With shares trading near the $47 mark, the firm's $45 price target suggests limited upside potential. Investors and analysts continue to monitor CarMax's market position and financial health, especially as new earnings data approaches.
Get CarMax, Inc. alerts
New 13F filings, insider trades, and analyst moves on $KMX, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.