Barclays upgrades CarMax to Equal-Weight, raises target to $61

0 min read | Published on 22 Jul 2026, 01:19 AM |Updated on 22 Jul 2026, 01:19 AM

Reviewed by

Radhika SScanX News Team

Key Highlights

Barclays analyst John Babcock upgraded CarMax from Underweight to Equal-Weight and raised the price target to $61 from $37.

*this image is generated using AI for illustrative purposes only.

Barclays analyst John Babcock upgraded CarMax from Underweight to Equal-Weight, raising the price target to $61 from $37. The adjustment reflects a revised outlook on the company's stock performance.

Rating and Target Changes

The upgrade moves CarMax out of the Underweight category, signaling a shift in the analyst's perspective. The new price target of $61 represents a significant increase from the previous $37 target.

Metric	Previous	New
Rating	Underweight	Equal-Weight
Price Target	$37	$61

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors drove the significant increase in the price target from $37 to $61?

How might this upgrade influence other analysts' ratings on CarMax in the near term?

What are the potential risks that could prevent CarMax from reaching the new $61 price target?

Bernstein Liebhard investigates CarMax for fiduciary breaches

1 min read | Published on 10 Jul 2026, 02:12 AM |Updated on 10 Jul 2026, 02:12 AM

Reviewed by

Riya DScanX News Team

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Key Highlights

Bernstein Liebhard LLP is investigating CarMax, Inc. for potential breaches of fiduciary duties by its directors and officers. The firm is contacting shareholders who bought stock before June 20, 2025. Investors can contact Peter Allocco to discuss their rights.

*this image is generated using AI for illustrative purposes only.

Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, has announced an investigation into whether certain directors and officers of CarMax, Inc. breached the fiduciary duties they owe to the company. The investigation focuses on potential violations by the leadership of the used car retailer, which is listed on the NYSE under the ticker KMX.

The law firm is specifically reaching out to investors who currently own shares of CarMax and purchased any of those shares prior to June 20, 2025. Bernstein Liebhard aims to determine if these shareholders have suffered financial damages due to the alleged misconduct.

Shareholders who wish to discuss their legal rights and options are invited to contact the firm. Peter Allocco, the Investor Relations Manager at Bernstein Liebhard LLP, is available to address inquiries regarding the investigation.

Key Investigation Details

Aspect	Details
Company	CarMax, Inc.
Ticker	NYSE: KMX
Relevant Date	June 20, 2025
Investigating Firm	Bernstein Liebhard LLP
Contact	Peter Allocco

Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993. The firm has been retained by major public and private pension funds to monitor assets and pursue litigation. It has been recognized by The National Law Journal’s "Plaintiffs’ Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific allegations or events triggered the investigation into the fiduciary duties of CarMax's leadership?

How might this investigation impact CarMax's stock performance and investor confidence in the short term?

Could the investigation lead to broader regulatory scrutiny or legal challenges for CarMax?