Carmax Surges to 234th in Trading Volume Ranking with $349 Million Day

On March 27, 2025, Carmax's trading volume reached $349 million, marking an 88.95% increase from the previous day. This surge placed Carmax at the 234th position in terms of trading volume for the day. Carmax (KMX) rose by 2.48%, marking its fourth consecutive day of gains, with a total increase of 7.87% over the past four days.

Stephens has upgraded CarMax Inc (NYSE:KMX) to Overweight from Equal-Weight and raised its price target to $90 from $86 ahead of the company's Q4 report. This upgrade reflects a positive outlook on the company's performance and potential for growth.

Jeff Lick, an analyst at Stephens, upgraded CarMax from Equal Weight to Overweight with a price target of $90.00, up from $86.00. This move indicates a bullish stance on the company's prospects, particularly in light of its upcoming Q4 report.

JPMorgan has lowered its price target for CarMax to $65 from $72, maintaining an Underweight rating on the shares. The firm cites the implementation of 25% tariffs on all imported automobiles and parts as a significant negative factor for the auto retail ecosystem in the near- and medium-term. JPMorgan estimates that 50% of vehicles sold in the U.S. are imported, and the tariffs could lead to a 9%-12% average increase in prices, assuming these costs are passed on to consumers. The firm also anticipates supply chain disruptions globally due to the "steep and broad-based" tariffs.