CarMax shares surge as analysts raise targets and insiders buy

CarMax's stock climbed sharply in June, gaining nearly 19% after the company reported first‑quarter fiscal 2027 revenue of just over $8 billion, up 6% year‑over‑year, and earnings of $1.31 per share, beating analyst expectations. Analysts responded with multiple upgrades and higher price targets, including a $66 target from Stephens and a $57 target from UBS, while the company’s CEO and several board members purchased thousands of shares.

In intraday trading the shares rose another 4.9%, reaching $53.42. The consensus rating turned to "reduce" with an average target of $47.73. Insider director purchases added roughly 13,900 shares valued at $735,000 during the quarter, further supporting investor confidence.