Brokerages raise CarMax's PT on turnaround signs despite Q4 loss

Carmax

15/04/2026 12:01

** At least two brokerages lift price targets on CarMax KMX.N

** RBC sees positives in the used car retailer's improved cost efficiencies and reacceleration in retail unit demand

** Restructuring efforts beginning to gain traction, supporting KMX management's longer-term optimism around a turnaround under its new CEO - Oppenheimer

** KMX on Tuesday posted Q4 loss, hurt by a goodwill impairment charge and weak used-car demand

** BofA Global Research resumes coverage with "underperform" rating and price objective at $40

** KMX shares marginally up 0.3% at about $42 premarket

** 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 7.8% YTD

Brokerage
New PT
Old PT
RBC Capital Markets
$41
$37
J.P.Morgan
$35
$28

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))