Carmax (KMX) news

Cherry Trading - QTR saw increase in used car sales revenue

Used car sales revenue for Cherry Trading saw an increase in the most recent quarter, reflecting broader trends in the automotive market. While specific figures for Cherry Trading were not disclosed, industry data highlights a general rise in used vehicle sales and revenue. For example, CarMax, a…

Fitch sees to rate Carmax auto owner trust 2026-3; issues presale

Fitch Ratings has announced its intention to rate the upcoming CarMax Auto Owner Trust 2026-3, with a presale process currently underway. This development follows the firm’s recent activity in rating similar trusts, including the CarMax Auto Owner Trust 2026-2, for which Fitch also issued a presale…

CarMax Inc.: Barclays raises target price to $37 from $31

Barclays has raised its price target for CarMax Inc. (NYSE: KMX) to $37 from $31, reflecting a more optimistic outlook on the company’s financial performance and market position. The adjustment follows recent earnings reports and operational updates from CarMax, which have demonstrated resilience…

CarMax Inc: Stephens raises to overweight from equal weight; raises target price to $66 from $43

Stephens has upgraded CarMax Inc. (NYSE: KMX) to "Overweight" from "Equal Weight" and raised its price target to $66 from $43, citing improved unit sales momentum and operational progress. The move follows the company’s recent fiscal first-quarter 2027 earnings report, which showed…

CarMax Inc: Truist Securities raises target price to $50 from $47