Brokers Issue Forecasts for CarMax, Inc.'s Q1 2025 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX - Free Report) - Research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of CarMax in a report released on Thursday, April 25th. Zacks Research analyst R. Singhi now anticipates that the company will post earnings of $1.15 per share for the quarter, down from their previous forecast of $1.23. The consensus estimate for CarMax's current full-year earnings is $3.30 per share. Zacks Research also issued estimates for CarMax's Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.58 EPS, FY2025 earnings at $3.31 EPS, Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $0.81 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.12 EPS and FY2027 earnings at $4.75 EPS.

CarMax (NYSE:KMX - Get Free Report) last announced 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 business had revenue of $5.63 billion during 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS.

Several other research analysts also recently weighed in on KMX. Mizuho dropped their target price on shares of CarMax from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Evercore ISI dropped their target price on shares of CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research report on Friday, April 12th. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research report on Friday, April 12th. Bank of America lifted their target price on shares of CarMax from $44.00 to $50.00 and gave the stock an "underperform" rating in a research report on Thursday, February 29th. Finally, Wedbush restated an "outperform" rating and set a $90.00 price target on shares of CarMax in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, CarMax currently has an average rating of "Hold" and an average target price of $77.42.

CarMax Trading Up 0.5 %

Shares of CarMax stock traded up $0.37 during trading on Friday, hitting $69.59. The stock had a trading volume of 2,625,466 shares, compared to its average volume of 2,033,239. The stock has a 50 day simple moving average of $77.98 and a 200 day simple moving average of $72.10. The company has a market capitalization of $10.95 billion, a PE ratio of 22.97, a P/E/G ratio of 1.16 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax has a 1 year low of $59.66 and a 1 year high of $88.22.

Institutional Trading of CarMax

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $26,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 400 shares during the period. Mendota Financial Group LLC bought a new position in CarMax during the fourth quarter worth $37,000. MCF Advisors LLC bought a new position in CarMax during the fourth quarter worth $46,000. Finally, Lindbrook Capital LLC increased its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after acquiring an additional 155 shares during the period.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company's stock, valued at $642,830.52. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company's stock.

About CarMax

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.