FY2025 Earnings Estimate for CarMax Issued By Zacks Research

CarMax, Inc. (NYSE:KMX) – Equities researchers at Zacks Research upped their FY2025 EPS estimates for CarMax in a research note issued on Thursday, January 2nd. Zacks Research analyst R. Department now forecasts that the company will earn $3.15 per share for the year, up from their previous estimate of $2.92. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. Zacks Research also issued estimates for CarMax’s Q1 2026 earnings at $1.17 EPS, Q2 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $3.82 EPS, Q1 2027 earnings at $1.15 EPS, Q2 2027 earnings at $0.99 EPS and FY2027 earnings at $4.32 EPS.

Several other research firms have also recently issued reports on KMX. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Evercore ISI lifted their target price on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.17.

CarMax Trading Down 0.8 %

Shares of NYSE:KMX opened at $79.10 on Monday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $12.25 billion, a P/E ratio of 29.74, a PEG ratio of 1.74 and a beta of 1.71. The stock’s fifty day moving average price is $81.19 and its 200-day moving average price is $78.74.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS.

Hedge Funds Weigh In On CarMax

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares in the last quarter. Janus Henderson Group PLC raised its stake in CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC lifted its position in CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after purchasing an additional 14,903 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after buying an additional 51,397 shares in the last quarter. Finally, Vulcan Value Partners LLC increased its holdings in shares of CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after buying an additional 1,369,986 shares during the last quarter.

Insider Activity

In related news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jon G. Daniels sold 30,245 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $83,918.30. This trade represents a 96.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 228,744 shares of company stock valued at $18,990,227 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

About CarMax

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.