CarMax (KMX) PT Raised to $75 at RBC Capital
RBC Capital analyst Steven Shemesh raised the price target on CarMax (NYSE: KMX) to $75.00 (from $73.00) while maintaining a Outperform rating.
The analyst comments "Some puts and takes, but ultimately not a thesis changing quarter. We now model FY’25/FY’26 net sales growth -3.8%/+3.1% (-2.7%/+3.7% prior) and EPS $2.95/$4.04 ($3.02/$3.97 prior). We slightly raise our PT to $75 from $73 based on ~18.5x our revised FY’26 EPS estimate. We maintain our Outperform rating as we believe EPS has troughed, though we acknowledge that real earnings upside is tied to a unit acceleration, into which there is very little visibility. Until then, market share will be the key debate."