CarMax is recognized by Newsweek as the top online automotive marketplace for customer service in 2026.
Quiver AI Summary
CarMax, the largest retailer of used cars in the U.S., has been named the top online automotive marketplace in Newsweek's America’s Best Customer Service 2026 list, reinforcing its commitment to a customer-centric car buying and selling experience. This recognition highlights CarMax's innovative omni-channel approach, allowing customers to buy and sell vehicles either online, in-store, or through a combination of both. The company reported record-high Net Promoter Scores, indicating strong customer satisfaction, particularly among those using online services. CarMax's Chief Innovation & People Officer, Diane Cafritz, expressed pride in this achievement, emphasizing the company's focus on customer needs. With over 30 years in the industry, CarMax has established a no-haggle buying model and boasts more than 250 stores and 45,000 cars in its inventory, providing flexible purchasing options and transparent pricing for customers.
Potential Positives
- CarMax has been recognized by Newsweek as the number one online automotive marketplace on the America’s Best Customer Service 2026 list, highlighting its excellence in customer service.
- The increase in CarMax's Net Promoter Score (NPS) indicates a high level of customer satisfaction, particularly among those using their digital buying options.
- CarMax's commitment to innovation and customer-centric experiences positions the company as a leader in the automotive retail industry, reinforcing its competitive edge.
Potential Negatives
- While CarMax has received recognition for its customer service, the reliance on digital capabilities may highlight vulnerabilities in its traditional business model, which could be concerning if customer preferences shift again.
- The announcement focused on customer satisfaction metrics without addressing potential challenges or issues the company may be facing in supply chain, inventory management, or financial performance.
- The emphasis on innovation and customer experience could put pressure on the company to continually meet rising expectations, which may divert resources and focus from other operational priorities.
FAQ
What recognition did CarMax receive in 2026?
CarMax was recognized as the number one automotive marketplace online on Newsweek's America’s Best Customer Service 2026 list.
How does CarMax ensure a customer-centric experience?
CarMax provides an omni-channel experience, allowing customers to buy and sell vehicles online, in-store, or through a combination of both.
What is CarMax's Net Promoter Score (NPS)?
CarMax's NPS is the highest it has been since rolling out its digital capabilities, reflecting customer satisfaction and likelihood to recommend.
How do customers view CarMax's service?
CarMax customers report record-high satisfaction, as indicated by their positive evaluations in an independent survey for America's Best Customer Service 2026 list.
What options does CarMax offer for vehicle purchases?
Customers can shop CarMax's inventory online, pick up in-store, or have vehicles delivered to their homes, enhancing flexibility and convenience.
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 357 institutional investors add shares of $KMX stock to their portfolio, and 419 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRINCIPAL FINANCIAL GROUP INC removed 4,015,349 shares (-61.0%) from their portfolio in Q2 2025, for an estimated $269,871,606
- HOLOCENE ADVISORS, LP removed 3,366,823 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $226,284,173
- AQR CAPITAL MANAGEMENT LLC added 2,947,996 shares (+195.3%) to their portfolio in Q2 2025, for an estimated $198,134,811
- MARSHALL WACE, LLP removed 2,316,658 shares (-75.3%) from their portfolio in Q2 2025, for an estimated $155,702,584
- 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 1,894,408 shares (+1410.5%) to their portfolio in Q2 2025, for an estimated $127,323,161
- D. E. SHAW & CO., INC. added 1,759,274 shares (+14045.0%) to their portfolio in Q2 2025, for an estimated $118,240,805
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 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 10/01/2025
- Needham issued a "Buy" rating on 09/26/2025
- Baird issued a "Outperform" rating on 09/26/2025
- RBC Capital issued a "Outperform" rating on 09/26/2025
- Benchmark issued a "Buy" rating on 07/17/2025
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 12 analysts offer price targets for $KMX in the last 6 months, with a median target of $57.5.
Here are some recent targets:
- Scott Devitt from Wedbush set a target price of $54.0 on 10/16/2025
- David Bellinger from Mizuho set a target price of $46.0 on 10/16/2025
- Jeff Lick from Stephens & Co. set a target price of $42.0 on 10/07/2025
- Michael Albanese from Benchmark set a target price of $60.0 on 10/07/2025
- Daniela Haigian from Morgan Stanley set a target price of $56.0 on 10/01/2025
- Michael Montani from Evercore ISI Group set a target price of $52.0 on 09/26/2025
- Scot Ciccarelli from Truist Securities set a target price of $47.0 on 09/26/2025
Full Release
RICHMOND, VA, Nov. 03, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, has been recognized by Newsweek as the number one automotive marketplace (online) on the America’s Best Customer Service 2026 list . This positive recognition affirms CarMax’s dedication to providing the most customer-centric car buying and selling experience in the industry.
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. This experience is resonating strongly with customers, as reflected in CarMax's Net Promoter Score (NPS), which measures how likely customers are to recommend a brand. CarMax's NPS from customers who purchased vehicles is the highest it has been since the company rolled out its digital capabilities nationwide. The increase is driven by record-high satisfaction among CarMax customers purchasing online, as well as those using a mix of online and in-store options.
“We’re really proud of this recognition because it reflects how we put the customer at the center of everything we do,” said Diane Cafritz, CarMax Chief Innovation & People Officer. “We’ll never stop innovating on behalf of our customers and continue to deliver an iconic customer experience.”
About America’s Best Customer Service 2026 List
The America’s Best Customer Service 2026 list, presented in collaboration with Statista, identified the top 730 companies across 166 categories based on an independent survey of participants who have made purchases, used services, or gathered information about products or services in the past three years. Over 200,000 evaluations were collected, with final rankings based on likelihood of recommendation, quality of communication, professional competence, range of services, customer focus, and accessibility.
About CarMax
-
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 more than 250 stores nationwide and more than 30,000 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, we make the process seamless and empowering — offering guidance at every step so you feel confident in your 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).
- For customers trading in or selling, CarMax will buy your car — even if you don’t buy theirs. Get an online offer in two minutes or less; it’s good for seven days to compare options.
- 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.
- For more information, visit carmax.com .
About Statista
Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, business-relevant data, and various market and consumer studies and surveys.