UBS maintains Neutral on CarMax, raises price target to $57

0 min read | Published on 23 Jun 2026, 09:04 PM |Updated on 23 Jun 2026, 09:04 PM

Reviewed by

Radhika SScanX News Team

Key Highlights

UBS analyst Joseph Spak maintains a Neutral rating on CarMax and raises the price target to $57 from $42, signaling a revised valuation outlook.

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

UBS analyst Joseph Spak has maintained a Neutral rating on CarMax while raising the price target to $57 from the previous $42. The revised target indicates a higher valuation potential for the used-car retailer despite the unchanged stance on the stock.

The rating decision and price target adjustment were communicated in a recent research note. CarMax operates as a retailer of used vehicles in the United States.

Rating and Price Target Details

The following table outlines the revised analyst metrics for CarMax:

Metric	Value
Rating	Neutral
Previous Price Target	$42
New Price Target	$57

The move to $57 suggests a significant upside compared to the prior target of $42. The Neutral rating implies that the analyst expects the stock to perform in line with the broader market or sector averages.

What specific factors drove the 35% increase in UBS's price target for CarMax?

How might CarMax's performance compare to sector averages in the upcoming quarters?

What potential market trends could influence CarMax's valuation in the near future?

Barclays maintains Underweight on CarMax, raises target to $37

0 min read | Published on 22 Jun 2026, 08:54 PM |Updated on 22 Jun 2026, 08:54 PM

Reviewed by

Radhika SScanX News Team

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Key Highlights

Barclays analyst John Babcock maintained an Underweight rating on CarMax but raised the price target to $37 from $31. The update reflects a revised valuation for the NYSE-listed used-car retailer (KMX).

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

Barclays analyst John Babcock has maintained an Underweight rating on CarMax while raising the stock's price target to $37 from the previous $31. The revised target suggests a specific valuation adjustment for the used-car retailer despite the continued cautious stance.

The rating decision and price target update were issued by Babcock, who covers the automotive sector for the financial institution. CarMax operates as a prominent retailer of used vehicles in the United States and is listed on the New York Stock Exchange under the ticker symbol KMX.

The following table details the revised ratings and targets:

Metric	Value
Rating	Underweight
Previous Price Target	$31
New Price Target	$37
Exchange	NYSE
Ticker	KMX

Price targets represent analyst projections for a stock's future price over a specific timeframe, often 12 months. Ratings such as Underweight indicate that the analyst expects the security to underperform relative to the broader market or a specific benchmark index.

What specific factors drove Barclays to raise the price target despite maintaining an Underweight rating?

How might CarMax's performance be impacted by current trends in the used-car market over the next 12 months?

What risks or challenges could prevent CarMax from reaching the revised $37 price target?