CarMax (KMX) is up 6.2% today. Here is some analysis on what might have caused this price movement.
Analysis: There does not appear to be a single new company-specific announcement on July 15, 2026, so the gain looks most likely tied to continued follow-through from CarMax’s better-than-expected June quarterly update, improving sentiment around its turnaround plan, and a steadier used-vehicle pricing backdrop. This could also be because investors are rewarding signs that volume growth is improving even as the company resets pricing to regain sales momentum.
Details:
Sources:
CarMax Investor Relations, SEC, Cox Automotive, Investing.com
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$KMX Insider Trading Activity
$KMX insiders have traded $KMX stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $KMX stock by insiders over the last 6 months:
- KEITH BARR (President and CEO) purchased 9,400 shares for an estimated $498,247
- PETER J BENSEN purchased 2,500 shares for an estimated $130,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$KMX Hedge Fund Activity
We have seen 239 institutional investors add shares of $KMX stock to their portfolio, and 260 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
- TWO SIGMA INVESTMENTS, LP added 2,379,071 shares (+80.2%) to their portfolio in Q1 2026, for an estimated $98,921,772
- AQR CAPITAL MANAGEMENT LLC added 2,130,157 shares (+26.9%) to their portfolio in Q1 2026, for an estimated $88,571,928
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,772,526 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $73,701,631
- DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,739,442 shares (-41.3%) from their portfolio in Q1 2026, for an estimated $72,325,998
- GOLDMAN SACHS GROUP INC added 1,130,144 shares (+239.8%) to their portfolio in Q1 2026, for an estimated $46,991,387
- APOLLO MANAGEMENT HOLDINGS, L.P. removed 901,733 shares (-17.9%) from their portfolio in Q1 2026, for an estimated $37,494,058
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 1 firms issue sell ratings.
Here are some recent analyst ratings:
- B of A Securities issued a "Underperform" rating on 06/18/2026
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 $45.0.
Here are some recent targets:
- Joseph Spak from UBS set a target price of $57.0 on 06/23/2026
- Daniela Haigian from Morgan Stanley set a target price of $44.0 on 06/23/2026
- John Babcock from Barclays set a target price of $37.0 on 06/22/2026
- John Murphy from B of A Securities set a target price of $45.0 on 06/18/2026
- Steven Shemesh from RBC Capital set a target price of $45.0 on 06/18/2026
- Craig Kennison from Baird set a target price of $55.0 on 06/18/2026
- David Bellinger from Mizuho set a target price of $43.0 on 06/18/2026
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.
