From Yahoo Finance: 2025-04-11 17:40:00

Truist Securities analyst reiterated a Hold rating on CarMax Inc with a price forecast of $88.00. CarMax delivered strong fourth-quarter results with used vehicle same-store sales rising 5.1%. Average selling prices remained steady, and adjusted earnings per share were slightly above expectations at $0.64.

CarMax reaffirmed long-term targets but removed specific timelines due to economic uncertainty. Tariffs may boost used car demand but could also price out some consumers. RBC Capital analyst maintained an Outperform rating on the shares and lowered the price forecast from $103 to $80.

CarMax outlined encouraging developments, with first-quarter same-store sales trending in the high-single-digit range. The company improved operating efficiency and expects loan loss provisions to rise 40%–50% in the first quarter. CarMax aims to increase CarMax Auto Finance penetration by 100–150 basis points.

KMX shares closed higher by 2.87% at $68.36. Analysts have issued various ratings for KMX, including upgrades and downgrades. RBC Capital maintains an Outperform rating on the stock. For more analyst ratings on KMX, visit the provided link.

Read more: Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst