What Are Wall Street Analysts' Target Price for CarMax Stock?

CarMax, Inc. (KMX), headquartered in Richmond, Virginia, stands as the largest U.S. retailer of used vehicles and a leading operator of wholesale vehicle auctions. With a market capitalization of $11.7 billion, the company operates through its Sales Operations and Auto Finance segments.

The used vehicle dealer has underperformed the broader market over the past year. Over the past 52 weeks, KMX has surged 17.8%, lagging behind the S&P 500 Index’s ($SPX) 30.1% returns. In 2024, KMX is down marginally, compared to SPX’s 24.1% gains on a YTD basis.