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The latest announcement is out from CarMax ( (KMX) ).
On November 4, 2025, CarMax announced the termination of CEO William D. Nash, effective December 1, 2025, and the appointment of David W. McCreight as Interim President and CEO. The leadership change is part of CarMax’s strategy to strengthen its business amid declining sales and profitability. The company also provided a preliminary financial outlook for the third quarter of fiscal year 2026, expecting a decrease in comparable store used unit sales and net earnings per diluted share impacted by leadership changes and increased marketing expenses.
The most recent analyst rating on (KMX) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on CarMax stock, see the KMX Stock Forecast page.
Spark’s Take on KMX Stock
According to Spark, TipRanks’ AI Analyst, KMX is a Neutral.
CarMax’s overall stock score is driven by stable financial performance and reasonable valuation, but is significantly impacted by bearish technical indicators and challenges highlighted in the earnings call. The company’s high leverage and declining sales are key concerns, while strategic initiatives offer some optimism for future growth.
To see Spark’s full report on KMX stock, click here.
More about CarMax
CarMax is the largest retailer of used autos in the United States, known for revolutionizing the automotive retail industry with a focus on integrity, honesty, and transparency. The company offers a personalized car buying experience, both online and in-store, and has a significant presence with over 250 store locations and more than 30,000 associates. CarMax also operates a substantial auto finance business, originating over $8 billion in auto loans during fiscal 2025.
Average Trading Volume: 4,410,026
Technical Sentiment Signal: Sell
Current Market Cap: $5.98B
See more data about KMX stock on TipRanks’ Stock Analysis page.