FY2027 Earnings Estimate for CarMax Issued By Zacks Research

Key Points

• Zacks Research cut its FY2027 EPS estimate for CarMax to $2.46 (from $2.98) and maintained a "Hold" rating, versus a consensus full‑year estimate of $3.23; it also forecast FY2028 EPS of $2.57.
• CarMax agreed to add two directors — William "Bill" Cobb and Jim Kessler — after talks with activist Starboard, a move that reduces near‑term governance uncertainty and may support the stock.
• Analyst coverage is mixed: MarketBeat shows a consensus rating of "Reduce" with an average target price of $39.93, while the stock trades near $46.70 and faces an upcoming Q4 earnings print that could be a key catalyst.

CarMax, Inc. (NYSE:KMX - Free Report) - Equities researchers at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for CarMax in a note issued to investors on Thursday, April 9th. Zacks Research analyst Team now forecasts that the company will earn $2.46 per share for the year, down from their prior estimate of $2.98. Zacks Research has a "Hold" rating on the stock. The consensus estimate for CarMax's current full-year earnings is $3.23 per share. Zacks Research also issued estimates for CarMax's FY2028 earnings at $2.57 EPS.

A number of other research analysts have also recently commented on KMX. Robert W. Baird upped their price objective on CarMax from $44.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, February 18th. Bank of America upped their price objective on CarMax from $27.00 to $31.00 and gave the company an "underperform" rating in a report on Friday, December 19th. Benchmark reiterated a "hold" rating on shares of CarMax in a report on Tuesday, December 16th. Mizuho decreased their price objective on CarMax from $46.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, December 19th. Finally, Barclays upped their price objective on CarMax from $24.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $39.93.

CarMax Trading Down 0.1%

KMX opened at $46.70 on Monday. CarMax has a one year low of $30.26 and a one year high of $71.99. The stock has a market capitalization of $6.62 billion, a PE ratio of 15.41, a P/E/G ratio of 1.23 and a beta of 1.30. The business's 50 day moving average price is $42.99 and its 200 day moving average price is $41.98. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KMX. Huntington National Bank lifted its stake in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company's stock worth $27,000 after purchasing an additional 265 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new position in CarMax during the second quarter worth $30,000. Center for Financial Planning Inc. acquired a new position in CarMax during the third quarter worth $31,000. Finally, Advisory Services Network LLC acquired a new position in CarMax during the third quarter worth $32,000.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax agreed to add two directors — William “Bill” Cobb and Jim Kessler — following talks with activist Starboard, a move that reduces near‑term governance uncertainty and increases board expertise on auto and consumer issues; this is likely supporting the stock today. CarMax Announces William Cobb and Jim Kessler to Join the Board
• Neutral Sentiment: Market attention is focused on CarMax’s Q4 earnings release set for April 14; previews show mixed expectations for revenue and margins, so guidance and used‑vehicle trends will be key catalysts. Unveiling CarMax Q4 Outlook
• Neutral Sentiment: Coverage in financial press (Seeking Alpha, MarketWatch) highlights CarMax among stocks to watch and notes the stock’s recent rebound versus broader underperformance — media attention can amplify moves around the earnings date. Stocks to watch after market on Thursday: CRWV, CDNL, and KMX
• Negative Sentiment: Zacks Research has trimmed EPS estimates across multiple quarters (2027–2028), lowering several quarterly forecasts and keeping a "Hold" view — those downward revisions signal weaker near‑term profitability expectations and represent a headwind into the earnings print. Zacks: Q4 Outlook & Estimates

CarMax Company Profile

CarMax NYSE: KMX is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company's inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax's retail locations or browse the company's online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.

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