FY2025 Earnings Estimate for CarMax Issued By Zacks Research

CarMax, Inc. (NYSE:KMX) – Stock analysts at Zacks Research boosted their FY2025 earnings estimates for shares of CarMax in a report released on Thursday, January 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings of $3.15 per share for the year, up from their previous forecast 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.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the business earned $0.52 earnings per share. CarMax’s revenue was up 1.2% on a year-over-year basis.

Several other equities analysts also recently issued reports on the stock. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. boosted their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Truist Financial lifted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Evercore ISI lifted their price target on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.17.

CarMax Stock Performance

CarMax stock opened at $79.10 on Monday. The stock has a market cap of $12.25 billion, a PE ratio of 29.74, a P/E/G ratio of 1.74 and a beta of 1.71. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The business’s 50-day moving average price is $81.19 and its two-hundred day moving average price is $78.74.

Institutional Investors Weigh In On CarMax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. Quarry LP raised its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in CarMax in the third quarter worth about $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares in the last quarter. Studio Investment Management LLC grew its holdings in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares in the last quarter.

Insider Activity at CarMax

In related news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 transaction, the senior vice president now owns 995 shares in the company, valued at $83,918.30. The trade was a 96.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 228,744 shares of company stock valued at $18,990,227 over the last three months. 1.66% of the stock is owned by corporate insiders.

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.