CarMax opens its first Arkansas store in Rogers, expanding to 255 locations nationwide, enhancing customer car-buying options.
Quiver AI Summary
CarMax, the largest used car retailer in the U.S., has announced the opening of its first store in Arkansas, located in Rogers, which adds to its total of 255 locations across 42 states. The new 11,500 square foot facility can accommodate about 500 vehicles and offers customers the convenience of exploring the extensive inventory with options for shipping cars to local stores. The company emphasizes a customer-focused omni-channel experience, allowing buyers to purchase vehicles online or in-store, and introducing tools such as Offer Watch to help sellers track vehicle values. Committed to community engagement, CarMax also aims to support local charitable efforts, reflecting its core values of integrity and social impact. Since its establishment in 1993, CarMax has maintained a transparent, no-haggle car-buying model and has been recognized as one of the Fortune 100 Best Companies to Work For® for over two decades.
Potential Positives
- CarMax has successfully expanded its footprint with the grand opening of its first store in Arkansas, bringing its total to 255 stores across 42 states, which highlights the company's growth and increased market presence.
- The new Rogers location boasts a significant capacity to stock approximately 500 used vehicles, enhancing CarMax's ability to meet customer demand in the region.
- CarMax continues to innovate in the automotive industry with its customer-focused omni-channel experience, offering flexibility in buying and selling vehicles, which strengthens customer satisfaction and engagement.
- The company’s commitment to community engagement through charitable initiatives is reinforced with plans to give back to the Rogers community, promoting a positive social impact and enhancing its corporate image.
Potential Negatives
- CarMax's expansion into Arkansas may not lead to immediate profitability, considering the costs associated with opening and operating a new store.
- The announcement does not include any information about the competitive landscape in Rogers, which may impact the store’s success.
- While highlighting community engagement, there is no specific mention of initial community feedback or support for the new location, leaving some uncertainty about local reception.
FAQ
What is the significance of CarMax's new store in Arkansas?
CarMax's store in Arkansas marks its first location in the state, expanding its national presence to 255 stores across 42 states.
What is the size and capacity of the Rogers CarMax location?
The Rogers CarMax store is 11,500 square feet and can stock approximately 500 used vehicles of various makes and models.
How does CarMax's online and in-store vehicle buying process work?
Customers can buy vehicles online, pick them up in-store via express pickup, or have them delivered to their home within a 60-mile radius.
What customer services does CarMax offer for selling vehicles?
CarMax buys cars even if a customer doesn't purchase from them, providing online offers in two minutes, valid for seven days.
How does CarMax contribute to local communities?
CarMax is committed to community support through charitable engagement, volunteer programs, and is actively exploring ways to give back in Rogers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KMX Insider Trading Activity
$KMX insiders have traded $KMX stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $KMX stock by insiders over the last 6 months:
- MARK F ONEIL purchased 10,816 shares for an estimated $499,807
- JON G DANIELS (EVP, CAF) sold 1,540 shares for an estimated $108,785
- MITCHELL D STEENROD purchased 2,000 shares for an estimated $91,140
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KMX Hedge Fund Activity
We have seen 293 institutional investors add shares of $KMX stock to their portfolio, and 523 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOLOCENE ADVISORS, LP removed 3,366,823 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $226,284,173
- PRINCIPAL FINANCIAL GROUP INC removed 2,409,710 shares (-93.7%) from their portfolio in Q3 2025, for an estimated $108,123,687
- DIAMOND HILL CAPITAL MANAGEMENT INC removed 2,128,619 shares (-30.6%) from their portfolio in Q3 2025, for an estimated $95,511,134
- NORGES BANK removed 2,079,043 shares (-40.2%) from their portfolio in Q2 2025, for an estimated $139,732,480
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,494,205 shares (+73.7%) to their portfolio in Q3 2025, for an estimated $67,044,978
- VULCAN VALUE PARTNERS, LLC added 1,338,134 shares (+135.2%) to their portfolio in Q3 2025, for an estimated $60,042,072
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. removed 1,335,111 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $59,906,430
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$KMX Analyst Ratings
Wall Street analysts have issued reports on $KMX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 11/12/2025
- JP Morgan issued a "Underweight" rating on 11/06/2025
- Baird issued a "Outperform" rating on 09/26/2025
To track analyst ratings and price targets for $KMX, check out Quiver Quantitative's $KMX forecast page.
$KMX Price Targets
Multiple analysts have issued price targets for $KMX recently. We have seen 13 analysts offer price targets for $KMX in the last 6 months, with a median target of $40.0.
Here are some recent targets:
- Scott Devitt from Wedbush set a target price of $40.0 on 11/18/2025
- John Babcock from Barclays set a target price of $28.0 on 11/12/2025
- Daniela Haigian from Morgan Stanley set a target price of $35.0 on 11/10/2025
- Michael Montani from Evercore ISI Group set a target price of $35.0 on 11/07/2025
- Steven Shemesh from RBC Capital set a target price of $34.0 on 11/07/2025
- Scot Ciccarelli from Truist Securities set a target price of $35.0 on 11/07/2025
- Rajat Gupta from JP Morgan set a target price of $30.0 on 11/06/2025
Full Release
RICHMOND, VA, Nov. 20, 2025 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced the grand opening of its very first store in Arkansas, located at 6360 South Dixieland Road in Rogers. With the opening, CarMax now has 255 stores across 42 states nationwide. The new Rogers location is 11,500 square feet and has the capacity to stock approximately 500 used vehicles of nearly every make and model. CarMax offers customers the freedom to explore vehicles in its nationwide inventory and the option to ship almost any car to their local store (shipping fees may apply).
“The growth in the region is tremendous, and we’re excited to be a part of it,” said Bradley McMahon, location general manager at the Rogers CarMax. “When selecting a new location, CarMax looks for a strong workforce and community support—and we’ve found both here in Rogers.”
The CarMax Shopping and Selling Experience
CarMax continues to set a new standard for the automotive industry with its customer-focused omni-channel experience. This innovative approach empowers customers to buy and sell their vehicles their way — online, in-store, or through a seamless combination of both. For example, CarMax gives customers the flexibility to buy a vehicle online and pick it up quickly in-store through express pickup. For customers selling their car, CarMax will buy their car — even if they don’t purchase a vehicle. Customers can get an online offer in two minutes or less, and it’s good for seven days, which gives customers time to compare options. CarMax also recently introduced Offer Watch , a new tool that helps customers track their car’s value over time and choose the right time to sell.
CarMax Culture
CarMax is a people-first company founded on integrity. The company is committed to helping communities thrive and making a positive social impact. The CarMax Foundation’s board service, matching gifts, and volunteer team-builder programs empower associates to engage with charitable organizations that matter to them. With the new store now open, CarMax is excited to explore ways to give back to the Rogers community in the coming months.
“CarMax associates dedicate their time and talents to meaningful causes important to them,” said McMahon. “Giving back to our community is important to us because it's the right thing to do, and because we know CarMax's success is inextricably linked to the wellbeing and resilience of our communities.”
Since opening its doors in 1993, CarMax has been committed to conducting business in an ethical, honest, and transparent way. Today, the company has expanded to 255 stores nationwide and 28,000 associates and is proud to have been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For®.
About CarMax
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Founded more than 30 years ago, CarMax set out to fundamentally change the way people buy used cars — offering the honesty and transparency customers deserve. It was the original disruptor to introduce a true "no-haggle" car-buying model, setting a new standard for the industry.
- Today, CarMax has grown into the nation's largest retailer of used cars with 255 stores nationwide and more than 28,000 associates, and is proud to have been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For®.
- At CarMax, customers are in the driver’s seat. Whether shopping online, in-store, or a combination of both, CarMax makes the process seamless and empowering — offering guidance at every step so customers feel confident in their purchase.
- CarMax gives customers the flexibility to buy a vehicle online and either pick it up quickly in-store through express pickup or have it delivered to their home or workplace with home delivery (available within a 60-mile radius of select stores).
- Customers can shop CarMax's nationwide inventory of more than 45,000 cars with upfront pricing, and have the option to ship to the customer’s local store (fee and restrictions may apply), with no pressure to buy.
- CarMax offers a 10-day Money Back Guarantee so customers have plenty of time to decide if the car they buy is right for their life.
- For customers trading in or selling, CarMax will buy their car — even if they don’t buy a vehicle from CarMax. Sellers can receive an online offer in two minutes or less, which is good for seven days to compare options. Customers can sell their vehicle from the comfort of their home or office with an at-home pickup, which is available for the majority of CarMax customers (availability may vary by location, and a fee could apply). For those who prefer an in-store experience, CarMax also offers express drop-off, where sellers can drop off their vehicle at a CarMax location and finalize their sale in under 30 minutes.
- For more information, visit carmax.com .