CarMax, Inc. (KMX) is up 5.9% today. Here is some analysis on what might have caused this price movement.
Analysis: The move looks tied to pre-earnings positioning ahead of CarMax’s next quarterly report, alongside ongoing attention on operational changes and board-level pressure following activist involvement earlier this year. Elevated short interest in the name could also be amplifying the upside on a risk-on day for the stock.
Details:
Sources:
CarMax, Investing.com, MarketBeat, Fintel
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$KMX Hedge Fund Activity
We have seen 267 institutional investors add shares of $KMX stock to their portfolio, and 436 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STARBOARD VALUE LP added 6,201,362 shares (+inf%) to their portfolio in Q1 2026, for an estimated $257,852,631
- FIDUCIARY MANAGEMENT INC /WI/ removed 3,249,561 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $125,563,037
- D. E. SHAW & CO., INC. added 2,858,518 shares (+364.4%) to their portfolio in Q4 2025, for an estimated $110,453,135
- TURTLE CREEK ASSET MANAGEMENT INC. removed 2,707,477 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $104,616,911
- TWO SIGMA INVESTMENTS, LP added 2,379,071 shares (+80.2%) to their portfolio in Q1 2026, for an estimated $98,921,772
- INVESCO LTD. removed 2,289,683 shares (-66.8%) from their portfolio in Q4 2025, for an estimated $88,473,351
- COOKE & BIELER LP removed 2,241,359 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $86,606,111
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$KMX Analyst Ratings
Wall Street analysts have issued reports on $KMX in the last several months. We have seen 0 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Underweight" rating on 12/19/2025
- B of A Securities issued a "Underperform" rating on 12/19/2025
- Barclays issued a "Underweight" rating on 12/19/2025
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 11 analysts offer price targets for $KMX in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- Joseph Spak from UBS set a target price of $42.0 on 05/27/2026
- John Babcock from Barclays set a target price of $26.0 on 04/16/2026
- Rajat Gupta from JP Morgan set a target price of $35.0 on 04/15/2026
- Michael Montani from Evercore ISI Group set a target price of $45.0 on 04/10/2026
- Jeff Lick from Stephens & Co. set a target price of $43.0 on 04/02/2026
- Craig Kennison from Baird set a target price of $48.0 on 02/18/2026
- Scott Devitt from Wedbush set a target price of $36.0 on 12/19/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
