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

CarMax, Inc. (NYSE:KMX) – Equities research analysts at William Blair cut their Q4 2025 earnings per share (EPS) estimates for shares of CarMax in a report released on Thursday, April 11th. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.56. The consensus estimate for CarMax’s current full-year earnings is $3.58 per share.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday. Wedbush upped their price objective on CarMax from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Robert W. Baird reduced their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial lowered their price target on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $78.25.

CarMax Stock Down 2.7 %

Shares of NYSE KMX opened at $69.46 on Monday. The firm’s 50-day moving average is $78.77 and its two-hundred day moving average is $72.10. The company has a market capitalization of $10.97 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. CarMax has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share.

Hedge Funds Weigh In On CarMax

Several large investors have recently modified their holdings of KMX. Vanguard Group Inc. raised its stake in CarMax by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after buying an additional 222,132 shares in the last quarter. BlackRock Inc. raised its position in shares of CarMax by 1.8% during the 1st quarter. BlackRock Inc. now owns 10,633,886 shares of the company’s stock valued at $683,546,000 after acquiring an additional 184,104 shares in the last quarter. Akre Capital Management LLC lifted its stake in CarMax by 0.7% during the first quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock worth $708,159,000 after purchasing an additional 49,780 shares during the last quarter. State Street Corp boosted its holdings in CarMax by 3.2% in the second quarter. State Street Corp now owns 6,220,212 shares of the company’s stock worth $520,632,000 after purchasing an additional 193,111 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in CarMax by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after purchasing an additional 210,440 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares in the company, valued at $355,515.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. Insiders have sold 38,929 shares of company stock worth $2,740,901 in the last quarter. 1.66% of the stock is owned by corporate insiders.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.