Barclays Rates CarMax (KMX) sell, $31 Price Target

Barclays analyst John Babcock reiterates a sell rating on CarMax with a target price of $31.0, a 34.85% downside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:10 PM EDT · Updated Jun 18, 2026, 11:01 AM EDT

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Barclays rated CarMax, Inc. ($KMX) "sell" with a $31 price target on June 12, 2026.

Since the rating, $KMX is up 2.2% after 1 week, up 7.0% after 1 month and up 4.0% to date (from the $51.26 close on Jun 12, 2026).

KMX CarMax, Inc.

$53.33 +35.73% year to date

Daily close · Oct 16, 2026

Key Points

On June 12, 2026, Barclays reiterated its sell rating on CarMax, Inc. (NYSE: KMX) with a target price of $31.0.
CarMax shares were trading at $47.58, significantly above Barclays' target, indicating a potential downside.
The company is set to report its next earnings on December 17, 2026.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CarMax, Inc. alert may contain errors. Disclosures

Barclays Reiterates Sell Rating

On June 12, 2026, Barclays analyst John Babcock reiterated a sell rating on CarMax, Inc. (NYSE: KMX), setting a target price of $31.0. The stock was trading at $47.58 at the time of the report, suggesting a significant gap between the current price and the target.

Analysts Set New Price Targets

Barclays' latest rating comes as part of a broader analysis of CarMax's performance. Recently, other analysts have also expressed varying views on the stock. For instance, on October 15, 2026, B of A Securities upgraded CarMax to a buy rating with a target of $65.0, up from $50.0. Meanwhile, Barclays maintained an equal-weight rating with a target increase to $67.0 on September 30, 2026. Analysts from UBS and Morgan Stanley have also kept their ratings neutral, with targets of $62.0 and $53.0, respectively.

What CarMax, Inc. Does

CarMax, Inc. is a retailer of used vehicles in the U.S., providing various makes and models. The company also offers financing options for customers through its CarMax Auto Finance segment. With a market cap of about $7.47 billion, CarMax has been navigating challenges in the auto retail sector.

What's Ahead for CarMax, Inc.

CarMax is scheduled to release its next earnings report on December 17, 2026. As Barclays' reiteration reflects past performance, it will be important to watch how the company adapts in the evolving market landscape.

12-month forecast