Seaport Res Ptn Brokers Reduce Earnings Estimates for CarMax

CarMax, Inc. (NYSE:KMX - Free Report) - Stock analysts at Seaport Res Ptn lowered their FY2026 earnings per share (EPS) estimates for CarMax in a research note issued to investors on Sunday, April 13th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings of $3.81 per share for the year, down from their prior estimate of $3.82. The consensus estimate for CarMax's current full-year earnings is $3.23 per share.

A number of other equities analysts have also recently commented on KMX. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Cfra Research upgraded CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Evercore ISI lowered their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada reduced their target price on shares of CarMax from $103.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of 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, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $87.73.

CarMax Price Performance

Shares of NYSE KMX traded down $2.30 during midday trading on Wednesday, reaching $62.29. 901,191 shares of the stock traded hands, compared to its average volume of 2,081,860. The company's 50 day moving average is $76.62 and its 200 day moving average is $78.79. CarMax has a one year low of $61.80 and a one year high of $91.25. The stock has a market capitalization of $9.51 billion, a PE ratio of 21.12, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Institutional Trading of CarMax

Hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. purchased a new position in CarMax during the third quarter valued at $208,000. Virtu Financial LLC purchased a new position in CarMax in the 3rd quarter valued at about $1,587,000. Sanctuary Advisors LLC boosted its holdings in CarMax by 44.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,878 shares of the company's stock worth $1,377,000 after buying an additional 5,188 shares during the last quarter. World Investment Advisors LLC purchased a new stake in CarMax during the 3rd quarter worth approximately $6,942,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of CarMax in the third quarter valued at approximately $351,000.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.66% of the company's stock.

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.