Barclays Rates CarMax (KMX) sell, $37 Price Target

Barclays maintains its sell rating for CarMax, Inc. with a price target of $37, a 28.22% downside from the current price.

By EarningsIQ Research Desk · Published Jun 22, 2026, 10:01 AM EDT · Updated Jun 25, 2026, 10:01 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Barclays rated CarMax, Inc. ($KMX) "sell" with a $37 price target on June 22, 2026.

Since the rating, $KMX is up 1.4% after 1 week, up 9.6% after 1 month and up 1.8% to date (from the $52.40 close on Jun 22, 2026).

KMX CarMax, Inc.

$53.33 +35.73% year to date

Daily close · Oct 16, 2026

Key Points

Barclays analyst John Babcock reiterated a sell rating on CarMax, Inc. with a $37 price target on June 22, 2026.
Barclays's $37 price target implies 28.22% downside from CarMax, Inc.'s ($KMX) current $51.55 share price.
CarMax's shares were near $53.6 on Monday, with a market cap of $7.61 billion and a P/E ratio of 33.3.
Insider transactions in May included sales by top executives, while analysts have varied ratings from sell to buy.

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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 analyst John Babcock reiterated a sell rating on CarMax, Inc. (NYSE:KMX) on June 22, 2026, setting a price target of $37. This reflects Barclays' cautious stance on the used car retailer.

Analyst rating track record

Barclays vs. the S&P 500

YTD return +21.77% hypothetical

All-time return +38.85% S&P 500 +41.70%

vs. S&P 500 -2.85% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

On June 22, 2026, Barclays maintained its sell rating on CarMax, Inc. with a price target of $37. Other analysts have also weighed in recently. JP Morgan reiterated a sell rating with a $38 target on June 18, 2026. On the same day, Truist Securities and Evercore ISI Group both maintained hold ratings, with price targets of $50 and $58, respectively. Meanwhile, Baird maintained a buy rating, setting a target price of $55.

CarMax, Inc. Stock Up 3.5%

Shares of NYSE:KMX traded near $53.6 on Monday. CarMax has a market cap of approximately $7.61 billion and a P/E ratio of 33.3. Its forward P/E is 19.3, and the stock has a beta of 1.202, indicating moderate volatility compared to the market. The 52-week range for the stock is $30.26 to $71.99, and it has a 50-day moving average of $42.39 and a 200-day moving average of $43.49.

12-month forecast

$KMX price target

CarMax, Inc. daily closes and this analyst's $37 target. Not advice.

Insider Buying and Selling at CarMax, Inc.

In early May 2026, several key executives at CarMax were involved in stock transactions. EVP and CITO Shamim Mohammad sold 1,015 shares at an average price of $38.53. Similarly, EVP, CAF Daniel Jon, SVP John Stuckey, and EVP & CFO Enrique Mayor-Mora also sold shares at the same price. Meanwhile, VP, Controller & PAO Jill Livesay purchased 13,696 shares, although the transaction price was not disclosed.

About CarMax, Inc.

CarMax, Inc. operates as a leading retailer of used vehicles in the United States, offering a wide selection of makes and models, including domestic, imported, and luxury vehicles. Headquartered in Richmond, Virginia, the company also provides vehicle financing through its CarMax Auto Finance segment. With approximately 28,000 employees, CarMax aims to simplify the car-buying process for consumers. The company was founded in 1993 and is led by CEO Mr. Keith Barr.

Bottom Line

Barclays' reiteration of its sell rating on CarMax, Inc. reflects ongoing concerns about the company's stock valuation. Investors closely track these analyst ratings as they can influence market sentiment. It's important to remember that these ratings are based on past data and may not represent the current market conditions.