What is Zacks Research’s Estimate for CarMax Q1 Earnings?

CarMax, Inc. (NYSE:KMX) – Investment analysts at Zacks Research cut their Q1 2026 earnings per share estimates for CarMax in a research note issued on Thursday, April 24th. Zacks Research analyst R. Department now expects that the company will earn $1.21 per share for the quarter, down from their prior estimate of $1.25. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Zacks Research also issued estimates for CarMax’s Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $3.60 EPS, Q1 2027 earnings at $1.33 EPS, Q4 2027 earnings at $0.86 EPS and FY2028 earnings at $4.55 EPS.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of CarMax in a research note on Monday, April 21st. Finally, Cfra Research raised shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.73.

CarMax Price Performance

Shares of KMX opened at $64.78 on Monday. The company has a market capitalization of $9.89 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax has a twelve month low of $61.67 and a twelve month high of $91.25. The firm has a 50 day moving average of $73.41 and a 200 day moving average of $78.40.

Institutional Investors Weigh In On CarMax

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of CarMax in the 3rd quarter valued at $1,587,000. World Investment Advisors LLC purchased a new stake in CarMax in the third quarter valued at $6,942,000. Wilmington Savings Fund Society FSB acquired a new stake in CarMax during the 3rd quarter worth about $351,000. Tidal Investments LLC raised its stake in shares of CarMax by 141.8% during the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after buying an additional 7,635 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of CarMax by 53.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after buying an additional 9,509 shares during the period.

Insider Activity

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

CarMax Company Profile

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.