CarMax Stock Soars on JPMorgan Price Target Hike to $70.00

CarMax stock is trading at around $57.21 on the New York Stock Exchange as of September 19, 2026, following a strong Q2 earnings beat and a notable price target increase from JPMorgan.

JPMorgan raised its price target on CarMax to $70.00 while maintaining a Neutral rating on the shares. This move fits into a broadly cautious but constructive analyst stance on CarMax.

CarMax posted earnings per share of $1.31, beating consensus estimates by $0.35 per share. Quarterly revenue increased 6.2% year-over-year to $8.01 billion, ahead of analyst expectations.