CarMax (KMX) Projected to Post Earnings on Friday

CarMax (NYSE:KMX - Get Free Report) is expected to post its Q1 2026 quarterly earnings results before the market opens on Friday, June 20th. Analysts expect CarMax to post earnings of $1.21 per share and revenue of $7.58 billion for the quarter.

CarMax Stock Down 1.9%

Shares of NYSE:KMX traded down $1.27 during midday trading on Friday, hitting $64.84. 3,432,929 shares of the stock were exchanged, compared to its average volume of 2,289,630. The company has a market capitalization of $9.90 billion, a PE ratio of 21.98, a P/E/G ratio of 1.67 and a beta of 1.38. CarMax has a 52-week low of $61.34 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The business's fifty day simple moving average is $66.58 and its two-hundred day simple moving average is $76.25.

Insider Transactions at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction dated 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 completion of the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of CarMax

A number of hedge funds have recently bought and sold shares of KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company's stock worth $2,446,000 after purchasing an additional 173 shares during the period. Intech Investment Management LLC grew its position in CarMax by 61.7% during the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company's stock worth $1,492,000 after buying an additional 7,307 shares in the last quarter. Acadian Asset Management LLC bought a new position in CarMax during the first quarter valued at about $727,000. Jones Financial Companies Lllp raised its holdings in CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company's stock valued at $419,000 after acquiring an additional 161 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company's stock valued at $411,000 after acquiring an additional 585 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KMX shares. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Needham & Company LLC decreased their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $85.82.

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.