CarMax (KMX) to Release Earnings on Friday

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

CarMax Trading Up 1.5%

NYSE:KMX traded up $0.95 during midday trading on Monday, hitting $65.86. 3,490,024 shares of the company traded hands, compared to its average volume of 2,299,317. The firm's fifty day moving average is $66.26 and its 200-day moving average is $75.87. CarMax has a 12-month low of $61.34 and a 12-month high of $91.25. The firm has a market capitalization of $10.06 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.67 and a beta of 1.38. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent research reports. Evercore ISI decreased their price target on CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Needham & Company LLC decreased their price target on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CarMax presently has an average rating of "Hold" and a consensus target price of $85.82.

Insider Activity at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the transaction, the director now directly 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 can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CarMax

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in CarMax in the first quarter worth about $727,000. Intech Investment Management LLC boosted its holdings in CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company's stock worth $1,492,000 after acquiring an additional 7,307 shares in the last quarter. Empowered Funds LLC boosted its holdings in CarMax by 12.5% in the first quarter. Empowered Funds LLC now owns 5,273 shares of the company's stock worth $411,000 after acquiring an additional 585 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company's stock worth $2,446,000 after acquiring an additional 173 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company's stock worth $419,000 after acquiring an additional 161 shares in the last quarter.

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.