Back to News
Dec 19, 2025 12:00 PM

CarMax Bets On Lower Prices To Jumpstart Sales After 47% Profit Drop

CarMax Inc. (NYSE:KMX) reported its fiscal third-quarter results on Thursday, broadly in line with its guidance range.

Here are the key analyst takeaways:

Stephens analyst Jeff Lick maintained an Equal-Weight rating, while reducing the price target from $39 to $36.

RBC Capital Markets analyst Steven Shemesh reiterated a Sector Perform rating, while raising the price target from $34 to $37.

Check out other analyst stock ratings.

Stephens: CarMax reported a 9% decline in same-store units, while total units were down 7.2%, Lick said in a note. Retail gross profit per unit (GPU) contracted by 3.1% year-on-year to $2,235 in the fiscal third quarter, ...