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CarMax is executing a turnaround, with comps and EPS beating expectations despite layoffs and a challenging used car market. KMX's profit growth is increasingly driven by financing and warranties, not just car sales, with $806 per car in extras and loan income up 32%. The 'Shift into GEAR' strategy emphasizes cost-cutting ($200M annual savings), competitive pricing, and value-added services, restoring sales momentum and profitability.
RICHMOND, VA, Oct. 20, 2026 (GLOBE NEWSWIRE) -- CarMax (NYSE: KMX) has been named as one of the 2026 Fortune Best Workplaces in Retail™ for the 12th consecutive year, ranking #6 in the large company category. This award underscores CarMax's commitment to creating a workplace where associates feel valued and supported, empowering them to grow, contribute, and do their best work.
CarMax TodayKMXCarMax$51.76 +0.11 (+0.22%) As of 09:46 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$30.26▼$65.28P/E Ratio25.24Price Target$57.85Add to WatchlistCarMax Inc. NYSE: KMX operates in the used-car retail industry, where affordability pressures and elevated borrowing costs have weighed on consumers.
Investors interested in Automotive - Retail and Wholesale - Parts stocks are likely familiar with CarMax (KMX) and Genuine Parts (GPC). But which of these two companies is the best option for those looking for undervalued stocks?
Here is how CarMax (KMX) and Abercrombie & Fitch (ANF) have performed compared to their sector so far this year.
Bank of America has upgraded CarMax Inc (NYSE:KMX), the US used-car retailer, to 'buy' from 'underperform' and raised its price target to $65 from $50 as improving price competitiveness drives market share gains. The bank expects enforcement of the Federal Trade Commission's (FTC) price-transparency rules, alongside CarMax's own pricing changes, to support sales growth beyond the initial regulatory boost.
CarMax (KMX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).