CarMax (KMX)
Sells used vehicles through stores and nationwide online-to-store customer journeys.
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Sells used vehicles through a no-haggle retail model, using a nationwide store network and digital interactions. Customers can shop, arrange financing pre-approval, obtain appraisals, and complete pickup or, for most, home delivery.
Used-vehicle retailing is the core business, pairing no-haggle pricing with a customer-friendly sales process. Customers can shop and complete transactions online, in stores, or through both channels, with financing pre-approval, appraisals, pickup, and home delivery available for most customers.
Operations are concentrated in the United States, where the store network supports a nationwide omnichannel journey and fully online interactions. Edmunds supplies automotive content and technology intended to complement the national scale and infrastructure. Keith Barr assumed the chief executive role in March 2026, leaving the leadership transition as a current execution dependency.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | UBS | Target | Target: $57 | Target: $60 |
| Jul 29, 2026 | JP Morgan | Upgrade | ||
| Jul 21, 2026 | Barclays | Upgrade | Target: $37 | Target: $61 |
| Jun 23, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $35 | Target: $44 |
| Jun 23, 2026 | UBS | Reiterate | Rating: —Target: $42 | Target: $57 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $132.2M · Total debt $18.64B · Total assets $26.63B · Shareholders' equity $6.12B
- Revenue
- $8.01B
- Operating income
- $13.6M
- Net income
- $185.6M
No dividends on record.
| Institutions | ≈ 109.78% | 155.78M shares | |
|---|---|---|---|
| 596 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 7.06% | 10.02M shares | |
| 24 holders · as of Jun 29, 2026 | |||
| Strategic holders | 5.60% | 7.94M shares | |
| 1 holder · as of Feb 14, 2020 | |||
| Adds to | 122.44% | ||
141.91M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 122.44%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.04% | 17.09M | as of Jun 30, 2026 |
Principal Global InvestorsInsider | 6.46% | 9.17M | filed Feb 16, 2021 |
Ruane, Cunniff & Goldfarb L.P.Strategic | 5.60% | 7.94M | filed Feb 14, 2020 |
Vanguard Portfolio Management LLCInstitution | 5.13% | 7.29M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 4.67% | 6.62M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 24, 2026 | Mark F. ONeil | director | +9,600 | $52.36 |
| Jun 25, 2026 | Marcella Shinder | director | +574 | $52.01 |
| Jun 25, 2026 | Sona Chawla | director | +2,000 | $53.39 |
| Jun 22, 2026 | Keith Barr | director, officer: President and CEO | +9,400 | $53.01 |
| Jun 22, 2026 | Peter J. Bensen | director | +2,500 | $52.20 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CarMax | $57.35 | −0.88% | $8.21B | 35.9 | 20.3 | 0.3 | +6.2% |
| Carvana | $66.83 | −0.52% | $73.71B | 31.1 | 34.3 | 2.9 | +52.4% |
| Lithia Motors | $312.13 | −1.27% | $6.95B | 10.5 | 7.9 | 0.2 | +2.2% |
| AutoNation | $168.83 | +0.04% | $5.65B | 7.8 | 7.1 | 0.2 | −0.6% |
| Sonic Automotive | $65.47 | −0.68% | $2.20B | 10.5 | 9.1 | 0.1 | +7.6% |
| Asbury Automotive Group | $185.97 | +0.77% | $3.44B | 6.9 | 6.6 | 0.2 | +0.3% |
| Median | 10.5 | 7.9 | 0.2 | +2.2% |