CarMax Inc ($KMX) Stock Forecast: Up 5.3% Today

What is CarMax Inc?

CarMax (KMX) operates as a prominent retailer in the used vehicle industry within the United States, known for its extensive range of high-quality cars and strong customer service. The market for used car sales faces significant competition, with companies like Carvana (CVNA) also making notable progress in the sector.

Why is CarMax Inc going up?

KMX stock is up 5.3% on Apr 2, 2025 16:41

• CarMax (KMX) witnessed a notable bullish trend today, likely influenced by its established performance and reputation in the used car market.
• The recent accolade received by CarMax, securing a spot in Fortune Magazine's 100 Best Companies to Work For® list for the 21st consecutive year, might have contributed to bolstering investor confidence in the company's stability and employee satisfaction, positively impacting its overall business outlook.
• Despite Carvana (CVNA) demonstrating robust sales and profitability figures, CarMax's steady performance and enduring recognition as an exceptional workplace could have positioned it favorably in the eyes of investors, driving the bullish market movement.

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Carvana vs. CarMax: Which Used Car Stock Has More Fuel for Growth?

CVNA is accelerating with strong sales and profitability, while KMX is steady but slower. Does one have a clear edge, or is the race closer than it seems?

https://www.zacks.com/stock/news/2439051/carvana-vs-carmax-which-used-car-stock-has-more-fuel-for-growth

CARMAX MARKS 21st CONSECUTIVE YEAR AS ONE OF FORTUNE MAGAZINE'S 100 BEST COMPANIES TO WORK FOR®

RICHMOND, Virginia, April 02, 2025 ( GLOBE NEWSWIRE ) -- Fortune magazine and Great Place to Work® have named CarMax ( NYSE: KMX ) one of the 100 Best Companies to Work For® in 2025. This marks the 21st consecutive year that CarMax has been named to this prestigious list, which annually ...

https://www.globenewswire.com/news-release/2025/04/02/3054349/0/en/CARMAX-MARKS-21st-CONSECUTIVE-YEAR-AS-ONE-OF-FORTUNE-MAGAZINE-S-100-BEST-COMPANIES-TO-WORK-FOR.html

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CarMax Inc Price History

26.08.2024 - KMX Stock was up 5.1%

• CarMax reported mixed second-quarter earnings results, with sales beating expectations but profits being weighed down by loan losses.
• Despite the weaker earnings, the market reacted positively to CarMax's performance, possibly due to the overall bullish sentiment in the market with Dow futures gaining around 200 points.
• The options activity for CarMax showed a bullish stance from financial giants, indicating confidence in the company's future prospects.
• The decline in Concentrix Corporation's stock price in the pre-market session may have indirectly contributed to investors shifting focus towards CarMax, leading to its bullish movement.

11.03.2024 - KMX Stock was down 9.8%

• CarMax (KMX) saw a notable decrease of more than 15% in its stock value following lower sales volume results in the recent earnings announcement.
• Falling short of market anticipations for the fourth quarter contributed to a pessimistic market sentiment and a sharp decline in stock value.
• The company's struggles in a declining used car market added to the overall negative market trend.
• Investor confidence took a hit as CarMax delivered a cautious outlook during its earnings call, intensifying the stock's significant drop in value.

12.05.2024 - KMX Stock was up 5.3%

• Despite bearish options activity, CarMax (KMX) saw a notable positive movement today.
• The conflicting options activity could signal uncertainty or diverse viewpoints from traders regarding CarMax's future performance.
• The stock's bullish uptrend could be influenced by favorable earnings, growth prospects, or market speculation boosting its value.
• Investors are advised to keep a close watch on developments and market sentiment to assess CarMax's future stock direction.

11.03.2024 - KMX Stock was down 11.9%

• CarMax reported earnings per share of 32 cents, missing the analyst estimate of 49 cents, and revenue of $5.63 billion, which was below the expected $5.79 billion.
• The stock's poor performance may have been influenced by the overall bearish sentiment in the market, as indicated by the Dow Jones index falling around 100 points.
• Carvana Co (NYSE: CVNA) shares also moved lower in sympathy with CarMax's disappointing earnings results, reflecting a broader negative sentiment towards the automotive retail sector.
• The market reaction suggests that investors were not impressed with CarMax's financial performance for the fourth quarter of 2024, leading to a significant decline in the stock price.

13.04.2024 - KMX Stock was up 4.9%

• CarMax (KMX) saw a notable upward trend today, potentially influenced by positive market sentiment and developments.
• Cresta's recognition as a leader in real-time revenue execution platforms could indirectly benefit CarMax by enhancing operational efficiency and customer service.
• Investors may have been encouraged by Vulcan Value Partners' favorable evaluation and successful performance in the first quarter of 2024, leading to increased interest in CarMax shares.
• Today's bullish market movement for CarMax was likely a result of a combination of positive industry updates and investor confidence in the company's prospects.

11.03.2024 - KMX Stock was down 10.7%

• CarMax stock (KMX) plummeted after reporting fiscal fourth-quarter earnings that fell short of analysts' forecasts, indicating a lackluster performance.
• The decline in CarMax shares was further exacerbated by concerns over "vehicle affordability challenges" impacting demand for used cars, leading to a negative sentiment among investors.
• The disappointing financial results and slowing demand were likely factors contributing to the bearish movement in CarMax stock, prompting prudent investors to steer clear of the company for the time being.

11.03.2024 - KMX Stock was down 11.7%

• Several factors are likely contributing to the recent bearish movement in CarMax's stock price:
• The latest earnings report indicated lower sales volume, impacting both revenue and earnings negatively.
• The overall deflation in the used car industry is presenting difficulties for CarMax and impacting investor sentiment.
• A price target reduction and a "Hold" rating by analysts may have added to the downward pressure on the stock.
• The broader market trend of decreasing stocks, as observed with Fastenal Co. and other firms, might also be influencing CarMax's current bearish trajectory.

10.06.2024 - KMX Stock was up 5.3%

• Despite receiving a "Sell" rating, CarMax's stock demonstrated an upward trend, indicating potential divergence in investor outlook regarding the company's future.
• The "Sell" rating upgrade could serve as a contrary signal, prompting a reevaluation of the stock and potentially increasing investor interest.
• The optimistic stock movement suggests investor confidence in CarMax's ability to tackle industry challenges and leverage opportunities, despite the adverse rating adjustment.

10.06.2024 - KMX Stock was up 5.9%

• The surge in CarMax's stock value could be linked to the generally positive market sentiment, as both the S&P 500 and Nasdaq marked all-time highs amidst optimism regarding potential Federal Reserve rate adjustments.
• Despite a recent upgrade of CarMax to a "sell" recommendation, investors may have reacted favorably to strong financial performance and market conditions, contributing to the upward movement of the stock.
• This showcases that stock movements are influenced by a variety of factors beyond analyst evaluations, emphasizing the need to consider the wider market landscape when making investment choices.

11.06.2024 - KMX Stock was up 5.0%

• CarMax (KMX) stock rose despite a recent "Sell" rating it received.
• Positive market sentiment and potential rate cuts by the Federal Reserve may have influenced the stock's upward movement.
• Investors might have focused on strong financial performance and market demand for used vehicles.
• The stock's rise could also be linked to the positive movement of Carvana's stock, reflecting optimism towards the used car industry in general.

01.07.2024 - KMX Stock was down 3.8%

• The insider selling of stock options by CarMax's EVP and COO might have signaled a lack of confidence in the company's future prospects, potentially contributing to the bearish movement.
• The overall market sentiment towards risk-on stocks due to potential rate cuts by the Federal Reserve could have shifted investor focus away from CarMax, leading to the bearish movement.
• The mixed quarterly results and stock price volatility mentioned in the investor letter from Vulcan Value Partners may have raised concerns among investors, further impacting CarMax's stock performance negatively.

02.03.2025 - KMX Stock was up 5.3%

• CarMax (KMX) witnessed a notable bullish trend today, likely influenced by its established performance and reputation in the used car market.
• The recent accolade received by CarMax, securing a spot in Fortune Magazine's 100 Best Companies to Work For® list for the 21st consecutive year, might have contributed to bolstering investor confidence in the company's stability and employee satisfaction, positively impacting its overall business outlook.
• Despite Carvana (CVNA) demonstrating robust sales and profitability figures, CarMax's steady performance and enduring recognition as an exceptional workplace could have positioned it favorably in the eyes of investors, driving the bullish market movement.