CarMax shares surged 13% on Thursday, recovering from a 9% drop the previous session, as analysts issued bullish post-earnings notes. Stephens analyst Jeff Lick upgraded the stock to overweight from equal weight and raised his price target to $66 from $43, citing CarMax's ability to remain the top used-car retailer. J.P. Morgan lifted its target by $1 to $38 while maintaining an underweight rating, and Baird raised its target to $55 from $48 with an outperform rating. The moves followed CarMax's first-quarter fiscal 2027 results, which beat top- and bottom-line estimates and included 6% year-over-year revenue growth.
CarMax IncAnalyst upgrades and price target hikes following strong earnings beat drove the stock surge.
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