CarMax (KMX) Projected to Announce Earnings on Tuesday

Key Points

• CarMax is expected to report fiscal Q2 2027 results before market open on September 29. Analysts forecast earnings of approximately $0.72 per share and revenue of about $6.95 billion.
• The company plans to eliminate about 145 corporate positions, its third workforce reduction in roughly a year, as it seeks greater efficiency amid a soft auto market and ongoing turnaround efforts.
• Analyst sentiment remains cautious: several firms raised price targets, but CarMax carries an overall “Reduce” rating with an average target of $51.67, below its recent share price of about $57.97.

CarMax (NYSE:KMX - Get Free Report) is projected to release its Q2 2027 results before the market opens on Tuesday, September 29th. Analysts expect CarMax to announce earnings of $0.7210 per share and revenue of $6.9471 billion for the quarter. Investors may review the information on the company's upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Tuesday, September 29, 2026 at 8:00 AM ET.

CarMax Trading Up 1.3%

Shares of KMX opened at $57.97 on Tuesday. The firm's 50 day simple moving average is $59.56 and its 200 day simple moving average is $49.56. The company has a market capitalization of $8.23 billion, a P/E ratio of 37.89, a P/E/G ratio of 2.64 and a beta of 1.17. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. CarMax has a 1-year low of $30.26 and a 1-year high of $65.28.

Key Stories Impacting CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax announced plans to eliminate approximately 145 corporate positions, or about 4% of its corporate workforce. Management said the restructuring is intended to help the company operate more efficiently, move faster and improve alignment across teams. The cost reductions could support profitability as the company works through a turnaround. CarMax Cuts 145 Corporate Jobs in Third Layoff Round in 11 Months
• Positive Sentiment: Some Wall Street forecasters have recently raised their price targets ahead of CarMax’s fiscal second-quarter results, suggesting expectations for improved performance despite generally neutral analyst ratings. Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q2 Earnings
• Neutral Sentiment: CarMax is expected to report fiscal second-quarter earnings before the market opens on Sept. 29. The current consensus outlook calls for earnings per share of approximately $0.70 and revenue of about $6.94 billion, both above the year-ago period. CarMax Q2 Earnings Expectations
• Negative Sentiment: The layoffs represent CarMax’s third workforce reduction in roughly 12 months and come amid a soft auto market, highlighting continued pressure on demand and the need for a turnaround under CEO Keith Barr. CarMax Cuts Jobs for Third Time in 12 Months Amid Soft Auto Market
• Negative Sentiment: One earnings preview argues that CarMax’s share price has risen faster than the underlying business, raising valuation concerns ahead of the results and increasing the risk of disappointment if earnings or guidance fall short. CarMax Earnings Preview

Wall Street Analyst Weigh In

KMX has been the topic of several research reports. Wall Street Zen upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Saturday, June 13th. Barclays raised CarMax from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $37.00 to $61.00 in a research note on Tuesday, July 21st. Bank of America raised their price target on CarMax from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Wednesday, June 17th. Truist Financial lifted their price target on CarMax from $47.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, June 18th. Finally, Mizuho upped their price objective on CarMax from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, CarMax presently has an average rating of "Reduce" and an average target price of $51.67.

Insider Buying and Selling at CarMax

In other news, Director Sona Chawla bought 2,000 shares of the business's stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the acquisition, the director owned 21,702 shares of the company's stock, valued at approximately $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.01% of the company's stock.

CarMax Company Profile

CarMax, Inc is a specialty retailer of used vehicles and one of the largest automotive retailers in the United States. The company sells a broad selection of used cars, trucks and sport utility vehicles through its retail locations and online platform. CarMax also purchases vehicles from consumers and other sources, providing customers with a streamlined alternative to traditional private-party sales.

In addition to retail sales, CarMax operates wholesale vehicle auctions for vehicles that do not meet its retail standards or business requirements.

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