CarMax Inc

KMX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CarMax: Long-Awaited Strategy Update Resets Gross Margin Trajectory Lower

David Whiston

Nov 4, 2026

CarMax's stock fell 5.4% on Nov. 3 after it detailed its Shift into Gear strategy and compound annual growth rate targets for fiscal 2030 versus fiscal 2026. Retail unit growth CAGR is guided to midsingle digits, while adjusted EPS CAGR is guided to the midteens relative to $2.91 in fiscal 2026.

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CarMax Inc

CarMax: Long-Awaited Strategy Update Resets Gross Margin Trajectory Lower

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