William Blair Equities Analysts Increase Earnings Estimates for CarMax, Inc. (NYSE:KMX)

CarMax, Inc. (NYSE:KMXFree Report) – Equities research analysts at William Blair lifted their Q1 2025 earnings per share (EPS) estimates for CarMax in a research note issued on Wednesday, June 12th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $1.03 per share for the quarter, up from their prior estimate of $1.00. The consensus estimate for CarMax’s current full-year earnings is $3.10 per share.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC lowered their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. StockNews.com raised CarMax to a “sell” rating in a report on Monday, April 22nd. Finally, Bank of America lifted their price objective on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.17.

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CarMax Stock Performance

NYSE KMX opened at $71.49 on Monday. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22. The business’s 50-day moving average price is $70.65 and its 200 day moving average price is $73.74. The firm has a market cap of $11.25 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.36 and a beta of 1.69.

CarMax (NYSE:KMXGet Free Report) last posted its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in CarMax by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after acquiring an additional 222,132 shares during the last quarter. Norges Bank purchased a new stake in shares of CarMax during the 4th quarter valued at $288,278,000. Invesco Ltd. grew its stake in shares of CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after buying an additional 88,488 shares during the period. Morningstar Investment Services LLC grew its stake in shares of CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after buying an additional 1,326,840 shares during the period. Finally, Cooke & Bieler LP grew its stake in shares of CarMax by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock valued at $179,928,000 after buying an additional 69,409 shares during the period.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.66% of the company’s stock.

About CarMax

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CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

See Also

Earnings History and Estimates for CarMax (NYSE:KMX)

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