What is Wedbush's Estimate for CarMax Q4 Earnings?

CarMax, Inc. (NYSE:KMX - Free Report) - Research analysts at Wedbush reduced their Q4 2025 earnings estimates for shares of CarMax in a research note issued to investors on Tuesday, December 17th. Wedbush analyst S. Basham now expects that the company will earn $0.56 per share for the quarter, down from their previous forecast of $0.60. Wedbush has a "Outperform" rating and a $95.00 price target on the stock. The consensus estimate for CarMax's current full-year earnings is $3.01 per share. Wedbush also issued estimates for CarMax's FY2027 earnings at $4.26 EPS.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share.

KMX has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $65.00 to $70.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI raised their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $82.58.

CarMax Stock Performance

Shares of KMX stock traded up $2.81 during midday trading on Thursday, hitting $84.23. The company had a trading volume of 5,329,398 shares, compared to its average volume of 1,936,437. CarMax has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The company's 50 day simple moving average is $78.77 and its 200 day simple moving average is $77.55. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.76 and a beta of 1.71.

Institutional Investors Weigh In On CarMax

Several institutional investors and hedge funds have recently made changes to their positions in KMX. Arete Wealth Advisors LLC increased its stake in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company's stock worth $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD increased its position in CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company's stock worth $264,000 after buying an additional 143 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its holdings in shares of CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company's stock worth $820,000 after acquiring an additional 170 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of CarMax by 12.5% in the third quarter. Signaturefd LLC now owns 1,545 shares of the company's stock valued at $120,000 after acquiring an additional 172 shares in the last quarter.

About CarMax

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.