Zacks Research Equities Analysts Reduce Earnings Estimates for CarMax, Inc. (NYSE:KMX)

CarMax, Inc. (NYSE:KMX - Free Report) - Stock analysts at Zacks Research dropped their Q4 2025 earnings per share estimates for CarMax in a research report issued to clients and investors on Thursday, April 25th. Zacks Research analyst R. Singhi now expects that the company will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.90. The consensus estimate for CarMax's current full-year earnings is $3.27 per share. Zacks Research also issued estimates for CarMax's FY2026 earnings at $3.86 EPS.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS.

KMX has been the topic of a number of other research reports. Evercore ISI lowered their target price on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research note on Friday, April 12th. Needham & Company LLC decreased their price objective on shares of CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research note on Friday, April 12th. Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of CarMax in a research note on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, April 15th. Finally, Mizuho dropped their price target 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and an average target price of $77.42.

CarMax Stock Down 0.3 %

Shares of NYSE KMX traded down $0.24 during trading hours on Monday, hitting $69.35. The company had a trading volume of 1,673,537 shares, compared to its average volume of 2,028,852. The firm's 50 day moving average is $77.93 and its 200-day moving average is $72.14. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market capitalization of $10.91 billion, a P/E ratio of 22.89, a price-to-earnings-growth 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.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.66% of the company's stock.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its stake in CarMax by 7.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,230 shares of the company's stock worth $630,000 after purchasing an additional 473 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of CarMax during the 1st quarter valued at about $5,566,000. Riverwater Partners LLC lifted its position in CarMax by 28.6% in the 1st quarter. Riverwater Partners LLC now owns 7,356 shares of the company's stock worth $641,000 after buying an additional 1,634 shares during the last quarter. Carmel Capital Partners LLC boosted its stake in CarMax by 3.7% in the first quarter. Carmel Capital Partners LLC now owns 9,949 shares of the company's stock worth $867,000 after buying an additional 357 shares in the last quarter. Finally, Equitable Trust Co. grew its position in CarMax by 43.1% during the first quarter. Equitable Trust Co. now owns 7,815 shares of the company's stock valued at $681,000 after acquiring an additional 2,354 shares during the last quarter.

CarMax Company Profile

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.