CarMax Recognized as a Fortune 2026 Best Workplaces in Retail

Tue, 20 Oct 2026 10:00:00 -0400

RICHMOND, VA, Oct. 20, 2026 (GLOBE NEWSWIRE) -- CarMax (NYSE: KMX) has been named as one of the 2026 Fortune Best Workplaces in Retail™ for the 12^th consecutive year, ranking #6 in the large company category. This award underscores CarMax’s commitment to creating a workplace where associates feel valued and supported, empowering them to grow, contribute, and do their best work.

Key Facts

Company: CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used vehicles, headquartered in Richmond, Virginia.
CarMax (NYSE: KMX) has been named as one of the 2026 Fortune Best Workplaces in Retail™ for the 12^th consecutive year, ranking #6 in the large company category. This award underscores CarMax’s commitment to creating a workplace where associates feel valued and supported, empowering them to grow, contribute, and do their best work.

Key Facts
- Company: CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used vehicles, headquartered in Richmond, Virginia.
- BofA Securities Double Upgrades CarMax (KMX) to Buy
  
  Thu, 15 Oct 2026 06:09:22 -0400
  (Updated - October 15, 2026 6:09 AM EDT)
  BofA Securities analyst Alexander Perry upgraded CarMax (NYSE: KMX) from Underperform to Buy with a price target of $65.00 (from $50.00).
  The analyst comments "We upgrade CarMax (KMX) to Buy from Underperform and raise our PO to $65 from $50 (based on 17x our F28E EPS of $3.75, raised from 15x previously, reflecting our expectation for sustained positive comps). FTC enforcement of price transparency, combined with KMX's own actions, has made KMX the most price-competitive it has been in years, driving share gains (FQ2 used unit comps +13% vs. industry -2%). We see the
  
  BofA Securities Double Upgrades CarMax (KMX) to Buy
  
  Thu, 15 Oct 2026 06:09:22 -0400
  (Updated - October 15, 2026 6:09 AM EDT)
  BofA Securities analyst Alexander Perry upgraded CarMax (NYSE: KMX) from Underperform to Buy with a price target of $65.00 (from $50.00).
  The analyst comments "We upgrade CarMax (KMX) to Buy from Underperform and raise our PO to $65 from $50 (based on 17x our F28E EPS of $3.75, raised from 15x previously, reflecting our expectation for sustained positive comps). FTC enforcement of price transparency, combined with KMX's own actions, has made KMX the most price-competitive it has been in years, driving share gains (FQ2 used unit comps +13% vs. industry -2%). We see the
  
  BofA Securities Double Upgrades CarMax (KMX) to Buy
  
  Thu, 15 Oct 2026 06:09:22 -0400
  (Updated - October 15, 2026 6:09 AM EDT)
  BofA Securities analyst Alexander Perry upgraded CarMax (NYSE: KMX) from Underperform to Buy with a price target of $65.00 (from $50.00).
  The analyst comments "We upgrade CarMax (KMX) to Buy from Underperform and raise our PO to $65 from $50 (based on 17x our F28E EPS of $3.75, raised from 15x previously, reflecting our expectation for sustained positive comps). FTC enforcement of price transparency, combined with KMX's own actions, has made KMX the most price-competitive it has been in years, driving share gains (FQ2 used unit comps +13% vs. industry -2%). We see the
  
  BofA Securities Double Upgrades CarMax (KMX) to Buy
  
  Thu, 15 Oct 2026 06:09:22 -0400
  (Updated - October 15, 2026 6:09 AM EDT)
  BofA Securities analyst Alexander Perry upgraded CarMax (NYSE: KMX) from Underperform to Buy with a price target of $65.00 (from $50.00).
  The analyst comments "We upgrade CarMax (KMX) to Buy from Underperform and raise our PO to $65 from $50 (based on 17x our F28E EPS of $3.75, raised from 15x previously, reflecting our expectation for sustained positive comps). FTC enforcement of price transparency, combined with KMX's own actions, has made KMX the most price-competitive it has been in years, driving share gains (FQ2 used unit comps +13% vs. industry -2%). We see the
  
  Form 3 CARMAX INC For: Oct 05 Filed by: Dirgins Elizabeth
  
  Thu, 08 Oct 2026 17:15:00 -0400
  si-local-file:///var/storage/secattach/20261008/27167703.html
  
  CarMax (KMX) PT Raised to $67 at Barclays
  
  Thu, 01 Oct 2026 04:00:28 -0400
  Barclays analyst John Babcock raised the price target on CarMax (NYSE: KMX) to $67.00 (from $61.00) while maintaining a Equalweight rating.
  
  CarMax to Host Strategic Update Webcast on November 3, 2026
  
  Wed, 30 Sep 2026 17:00:00 -0400
  
  RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE:KMX) will host a Strategic Update webcast on Tuesday, November 3, 2026, beginning at 8:00 a.m. ET and concluding at approximately 9:30 a.m. ET.
  During the webcast, Keith Barr, President and CEO, Enrique Mayor-Mora, Executive Vice President, CFO and Jon Daniels, Executive Vice President, CarMax Auto Finance will provide an update on the Company’s Shift into GEAR strategy, growth priorities and multi-year financial framework.
  Interested participants must register at https://join.eventcastplus.com/eventcastplus/carmax-strategic-update to view the webcast. An archived replay will be available shortly after the event concludes.
  About CarMax
  CarMax, the nation’s largest
  
  CarMax to Host Strategic Update Webcast on November 3, 2026
  
  Wed, 30 Sep 2026 17:00:00 -0400
  
  RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE:KMX) will host a Strategic Update webcast on Tuesday, November 3, 2026, beginning at 8:00 a.m. ET and concluding at approximately 9:30 a.m. ET.
  During the webcast, Keith Barr, President and CEO, Enrique Mayor-Mora, Executive Vice President, CFO and Jon Daniels, Executive Vice President, CarMax Auto Finance will provide an update on the Company’s Shift into GEAR strategy, growth priorities and multi-year financial framework.
  Interested participants must register at https://join.eventcastplus.com/eventcastplus/carmax-strategic-update to view the webcast. An archived replay will be available shortly after the event concludes.
  About CarMax
  CarMax, the nation’s largest
  
  CarMax (KMX) PT Raised to $81 at Stephens
  
  Wed, 30 Sep 2026 12:12:27 -0400
  
  Stephens analyst Jeff Lick raised the price target on CarMax (NYSE: KMX) to $81.00 (from $74.00) while maintaining a Overweight rating.
  
  Form 10-Q CARMAX INC For: Aug 31
  
  Wed, 30 Sep 2026 10:17:00 -0400
  si-local-file:///var/storage/secattach/20260930/27126874.html
  
  CarMax (KMX) PT Raised to $62 at UBS Following 'Encouraging' Q2 Print
  
  Wed, 30 Sep 2026 09:41:25 -0400
  (Updated - September 30, 2026 9:41 AM EDT)
  UBS analyst Joseph Spak raised the price target on CarMax (NYSE: KMX) to $62.00 (from $57.00) while maintaining a Neutral rating.
  The analyst commented, "F2Q27 results were encouraging, with a strong beat driven by a re-acceleration in unit growth to +13% y/y in comparable store used vehicle units (vs -80bps y/y in FQ1), while better than feared retail GPU (~$2,105/unit, -$110 y/y, and vs consensus of ~$2,040) eased concerns about excessive price-driven growth. KMX also appears to be benefiting from greater price transparency in light of FTC enforcement (~1/2 of the y/y growth in
  
  CarMax (KMX) PT Raised to $62 at UBS Following 'Encouraging' Q2 Print
  
  Wed, 30 Sep 2026 09:41:25 -0400
  (Updated - September 30, 2026 9:41 AM EDT)
  UBS analyst Joseph Spak raised the price target on CarMax (NYSE: KMX) to $62.00 (from $57.00) while maintaining a Neutral rating.
  The analyst commented, "F2Q27 results were encouraging, with a strong beat driven by a re-acceleration in unit growth to +13% y/y in comparable store used vehicle units (vs -80bps y/y in FQ1), while better than feared retail GPU (~$2,105/unit, -$110 y/y, and vs consensus of ~$2,040) eased concerns about excessive price-driven growth. KMX also appears to be benefiting from greater price transparency in light of FTC enforcement (~1/2 of the y/y growth in
  
  CarMax (KMX) PT Raised to $53 at Morgan Stanley
  
  Wed, 30 Sep 2026 08:10:37 -0400
  Morgan Stanley analyst Daniela Haigian raised the price target on CarMax (NYSE: KMX) to $53.00 (from $47.00) while maintaining a Equalweight rating.
  
  CarMax (KMX) PT Raised to $56 at RBC Capital
  
  Wed, 30 Sep 2026 07:38:20 -0400
  RBC Capital analyst Steven Shemesh raised the price target on CarMax (NYSE: KMX) to $56.00 (from $45.00) while maintaining a Sector Perform rating.
  
  CarMax (KMX) PT Raised to $60 at Truist Securities
  
  Wed, 30 Sep 2026 07:08:29 -0400
  Truist Securities analyst Scot Ciccarelli raised the price target on CarMax (NYSE: KMX) to $60.00 (from $50.00) while maintaining a Hold rating.
  
  CarMax (KMX) PT Raised to $70 at Baird
  
  Wed, 30 Sep 2026 06:57:38 -0400
  Baird analyst Craig Kennison raised the price target on CarMax (NYSE: KMX) to $70.00 (from $64.00) while maintaining a Outperform rating.
  
  CarMax (KMX) PT Raised to $50 at BofA Securities
  
  Wed, 30 Sep 2026 05:18:03 -0400
  
  BofA Securities analyst Alexander Perry raised the price target on CarMax (NYSE: KMX) to $50.00 (from $45.00) while maintaining a Underperform rating.
  The analyst comments "We remain Underperform on valuation, with KMX trading at a premium to franchise dealer peers (17x vs. 7x), and would like to see more proof points that positive comps are sustainable vs. transitory (FTC/price cuts). We raise our PO to $50 (from $45) on 15x (from 14x) F28E EPS of $3.27, reflecting 2Q upside."

StreetInsider.com News Articles

CarMax Recognized as a Fortune 2026 Best Workplaces in Retail

BofA Securities Double Upgrades CarMax (KMX) to Buy

BofA Securities Double Upgrades CarMax (KMX) to Buy

BofA Securities Double Upgrades CarMax (KMX) to Buy

BofA Securities Double Upgrades CarMax (KMX) to Buy

Form 3 CARMAX INC For: Oct 05 Filed by: Dirgins Elizabeth

CarMax (KMX) PT Raised to $67 at Barclays

CarMax to Host Strategic Update Webcast on November 3, 2026

CarMax to Host Strategic Update Webcast on November 3, 2026

CarMax (KMX) PT Raised to $81 at Stephens

Form 10-Q CARMAX INC For: Aug 31

CarMax (KMX) PT Raised to $62 at UBS Following 'Encouraging' Q2 Print

CarMax (KMX) PT Raised to $62 at UBS Following 'Encouraging' Q2 Print

CarMax (KMX) PT Raised to $53 at Morgan Stanley

CarMax (KMX) PT Raised to $56 at RBC Capital

CarMax (KMX) PT Raised to $60 at Truist Securities

CarMax (KMX) PT Raised to $70 at Baird

CarMax (KMX) PT Raised to $50 at BofA Securities