Bank of America lifts target for CarMax stock to USD 65.00

Published on 10/20/2026 at 20:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 19.50 percent to USD 7.88 billion on September 29, 2026. CarMax stock costs EUR 47.36 on October 20, 2026.

Analyst target and reporting dates

Bank of America upgraded CarMax to Buy on October 15, 2026.
Second-quarter revenue reached USD 7.88 billion on September 29, 2026.
CarMax stock stood at EUR 47.36 at Lang & Schwarz on October 20, 2026 at 8:42 p.m. CEST.
CarMax will host a strategic update on November 3, 2026.

KMX, US1431301027, Illustration mit AI erstellt.

Bank of America upgraded CarMax (ISIN US1431301027) from Underperform to Buy and raised its price target from USD 50.00 to USD 65.00 on October 15, 2026, according to CNBC. The stock stood at EUR 47.36 at Lang & Schwarz on October 20, 2026 at 8:42 p.m. CEST.

Second-quarter growth sets the backdrop

CarMax reported second-quarter fiscal 2027 revenue of USD 7.88 billion on September 29, 2026, up 19.50 percent from the prior-year quarter. Diluted earnings per share rose 81.30 percent to USD 1.16 from USD 0.64, while net earnings increased 73.30 percent to USD 165.3 million, according to CarMax.

The improvement was volume-led. Combined retail and wholesale unit sales reached 387,735, an increase of 14.70 percent, although retail used-vehicle gross profit per unit fell to USD 2,105 from USD 2,216.

Stock valuation remains divided

On the NYSE, KMX was last at USD 53.18 on October 20, 2026 at 2:45 p.m. ET. Its 52-week range was USD 30.26 to USD 65.28, market capitalization was USD 7.5 billion, the price-to-earnings ratio was 24.97, and volume reached 953,493 shares.

The analyst picture remains mixed. MarketBeat reported on October 17, 2026 that 14 of 19 analysts rated the stock Hold, with an average 12-month target of USD 57.85. Bank of America's USD 65.00 target therefore stands above the broader consensus, while the latest NYSE price was USD 53.18.

What dates matter next?

CarMax will host a virtual strategic update on November 3, 2026, with growth initiatives and milestones on the agenda. The company plans to publish third-quarter fiscal 2027 results on December 17, 2026, before the NYSE opens, according to its September 29, 2026 release.

CarMax price and market position

The current valuation leaves the stock between its 52-week low and high, while the latest results show stronger volume and earnings against a lower retail gross profit per unit. The November update will provide the next dated test of management's growth strategy.

The further course of trading is shown by the continuously updated real-time quote of CarMax stock.