Barclays trims CarMax PT, flags uneven demand, execution risks

Carmax

16/04/2026 12:28

** Barclays cuts PT on used-car retailer CarMax KMX.N to $26 from $28, rating unchanged at "underweight"

** New PT shows downside of 35.8% from stock's last close

** Shares of company up nearly 1% at about $41 premarket

     ** Brokerage says co continues to see pressure on same-store sales and flat conversion, indicating that demand recovery and customer buying behavior remain uneven despite recent initiatives

** KMX remains challenged by an inconsistent performance history, with execution risks and uncertain growth reacceleration keeping outlook cautious- Barclays

** Two of 20 brokerages rate the stock "buy" or higher, 15 "hold" and three "sell"; their median PT is $39 - data compiled by LSEG

** As of last close, stock had risen 4.8% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))