Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q2 Earnings

CarMax, Inc. (NYSE:KMX) will release its second quarter earnings report before the opening bell on Tuesday, Sept. 29.

Analysts expect the Richmond, Virginia-based company to report quarterly earnings of 70 cents per share, up from 64 cents per share in the year-ago period. The consensus estimate for CarMax’s quarterly revenue is $6.94 billion. It reported $6.59 billion last year, according to Benzinga Pro.

On June 17, CarMax posted better-than-expected earnings for the first quarter.

Shares of CarMax fell 2% to close at $57.21 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Rajat Gupta maintained a Neutral rating and raised the price target from $60 to $70 on Sept. 18, 2026. This analyst has an accuracy rate of 66%.
• Stephens & Co. analyst Jeff Lick maintained the stock with an Equal-Weight rating and boosted the price target from $43 to $66 on June 18, 2026. This analyst has an accuracy rate of 71%.
• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $47 to $50 on June 18, 2026. This analyst has an accuracy rate of 69%.
• Evercore ISI Group analyst Michael Montani maintained the stock with an In-Line rating and increased the price target from $45 to $58 on June 18, 2026. This analyst has an accuracy rate of 54%.
• RBC Capital analyst Steven Shemesh maintained a Sector Perform rating and increased the price target from $41 to $45 on June 18, 2026. This analyst has an accuracy rate of 58%.

Considering buying KMX stock? Here’s what analysts think:

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