Bank of America lifts target for CarMax stock to USD 65.00

Published on 10/15/2026 at 18:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CarMax revenue rose 19.50 percent in the fiscal second quarter on September 29, 2026. CarMax stock costs EUR 46.42 on October 15, 2026 at 6:40 p.m. CEST, up 4.35 percent on the NYSE.

Target and trading date

Bank of America raised its CarMax target to USD 65.00 on October 15, 2026.
CarMax reported fiscal second-quarter revenue growth of 19.50 percent on September 29, 2026.
CarMax stock costs EUR 46.42 at Lang & Schwarz on October 15, 2026 at 6:40 p.m. CEST, up 4.35 percent on the NYSE versus the prior close of October 14, 2026.
CarMax will host its Strategic Update on November 3, 2026.

KMX, US1431301027, Illustration mit AI erstellt.

Bank of America raised its CarMax target from USD 50.00 to USD 65.00 and upgraded the stock from Underperform to Buy on October 15, 2026, according to CNBC. The new target is 25.05 percent above the USD 51.98 NYSE price at 12:48 p.m. ET on October 15, 2026. CarMax stock was trading at EUR 46.42 at Lang & Schwarz on October 15, 2026 at 6:40 p.m. CEST, while KMX was up 4.35 percent on the NYSE versus the October 14, 2026 close.

Revenue growth meets margin pressure

CarMax reported fiscal second-quarter revenue of USD 7.88 billion for the period ended August 31, 2026, up 19.50 percent from the prior-year quarter, according to CarMax. Diluted earnings per share rose 81.30 percent to USD 1.16, while gross profit per retail used vehicle fell USD 111 to USD 2,105. The combination gives the target increase a clear operating test: sales growth must offset lower profit per vehicle.

Stock position and valuation

The NYSE price of USD 51.98 stood within the 52-week range of USD 30.26 to USD 65.28 on October 15, 2026. The stock was 20.34 percent below its 52-week high, while the market capitalization was USD 7.4 billion and the price-to-earnings ratio was 24.40. Trading volume reached 1,418,841 shares against an average of 2,585,398.

November strategy date

CarMax will host a virtual Strategic Update on November 3, 2026, covering its Shift into GEAR strategy and multi-year financial framework, according to CarMax. The company plans to release fiscal third-quarter results on December 17, 2026, before the NYSE open, according to its September 29, 2026 results release.

Comparison with peers

KMX: plus 4.35 percent, price-to-earnings ratio 24.40, market capitalization USD 7.4 billion

Lithia Motors (NYSE, USD): plus 5.34 percent, price-to-earnings ratio 9.83, market capitalization USD 6.5 billion

Asbury Automotive Group (NYSE, USD): plus 5.85 percent, price-to-earnings ratio 6.41, market capitalization USD 3.1 billion

Price stays below the yearly high

CarMax stock was trading at EUR 46.42 at Lang & Schwarz on October 15, 2026 at 6:40 p.m. CEST. On the NYSE, KMX was up 4.35 percent against the prior close dated October 14, 2026, while the USD 51.98 price remained 20.34 percent below the 52-week high. The further course of trading is shown by the continuously updated real-time quote of CarMax stock.