• RBC Capital sets a new price target for CarMax, Inc. (NYSE:KMX) at $59, suggesting a potential increase of 29.39% from the current price.
• CarMax's stock experienced a significant decline following its second-quarter earnings report, with a decrease of 20.07%.
• The company's market capitalization stands at approximately $6.84 billion, indicating its significant presence in the market despite recent challenges.

CarMax, Inc. (NYSE:KMX) is a leading used car retailer in the United States, known for its no-haggle pricing and extensive inventory. The company operates through two segments: CarMax Sales Operations and CarMax Auto Finance. CarMax competes with other major players in the automotive retail industry, such as AutoNation and Penske Automotive Group.

On September 26, 2025, RBC Capital set a new price target for CarMax at $59. At the time, the stock was trading at $45.60. This new target suggests a potential increase of 29.39% from the current price. However, CarMax's recent financial performance has been challenging, as highlighted by CNBC Television's Phil LeBeau.

CarMax's stock experienced a significant decline following its second-quarter earnings report. The report did not meet market expectations, leading to a sharp drop in its share price. Currently, the stock is priced at $45.60, reflecting a decrease of 20.07% with a change of -$11.45. This decline has impacted investor sentiment.

Today, KMX has fluctuated between a low of $42.75 and a high of $46.65. Over the past year, the stock has reached a high of $91.25 and a low of $42.75. Despite these fluctuations, CarMax maintains a market capitalization of approximately $6.84 billion, indicating its significant presence in the market.

The trading volume for the day is 28.42 million shares, showing active investor interest. As CarMax navigates its financial challenges, the new price target set by RBC Capital may provide a positive outlook for potential recovery and growth in the future.