CarMax stock holds firm on $61.96 and earnings beats
Published on 08/29/2026 at 17:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CarMax, Inc. (KMX) is trading after a recent $1.31 per share earnings result that topped the $0.96 consensus by $0.35, while the stock opened at $61.96 and carried a market cap of $8.79 billion on August 29, 2026.
The latest quarterly report also showed $8.01 billion in revenue, up 6.2% from the same quarter a year earlier, with net margin at 0.84% and return on equity at 6.64%.
Earnings still set the tone
CarMax's June 17 quarter remains the key operating anchor for the stock, because the company also reported $1.38 per share in the year-ago period, which makes the current quarter's $1.31 result a clear comparison point even after the beat over estimates.
That mix matters for investors because the shares are already pricing in a stronger backdrop: the 52-week range now spans $30.26 to $65.28, and the stock's 50-day moving average sits at $56.79, which leaves the current level above the shorter trend but below the high.
Analysts see cautious upside
Recent analyst commentary keeps the debate alive. The consensus target stands at $51.00, while one update on August 4, 2026, kept a $87 target in place, and another on July 29, 2026, pointed to $60.00.
That spread is wide enough to matter because the current quote is above the consensus target yet still inside the stock's 52-week band, so the setup now depends more on earnings follow-through than on a simple valuation rerating.
Used-vehicle model
CarMax is still built around the same basic product: used cars sold through a no-haggle retail model that combines physical lots, online browsing, financing, and reconditioning. The company's last reported quarter shows that model can still generate scale, with $8.01 billion of revenue in one period and a net margin of 0.84%.
Price and market view
As of August 29, 2026, the stock opened at $61.96 with a market cap of $8.79 billion and a 52-week range of $30.26 to $65.28. The shares are also trading above the $56.79 50-day average, which keeps the near-term chart constructive.
Fact box
Company: CarMax, Inc.
ISIN: US1431301027
Ticker: KMX
Exchange: NYSE
Price (as of August 29, 2026, 9:46 a.m. ET): $61.96 USD
Market cap: $8.79 billion (as of August 29, 2026)
Sector / Industry: Consumer Cyclical / Auto & Truck Dealerships
Index membership: S&P 500
