FY2025 Earnings Estimate for CarMax Issued By Zacks Research

CarMax, Inc. (NYSE:KMX - Free Report) - Equities research analysts at Zacks Research increased their FY2025 EPS estimates for CarMax in a research note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.15 for the year, up from their previous estimate of $2.92. The consensus estimate for CarMax's current full-year earnings is $3.01 per share. Zacks Research also issued estimates for CarMax's Q1 2026 earnings at $1.17 EPS, Q2 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $3.82 EPS, Q1 2027 earnings at $1.15 EPS, Q2 2027 earnings at $0.99 EPS and FY2027 earnings at $4.32 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 the consensus estimate of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS.

Several other research analysts also recently weighed in on KMX. Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Wedbush reiterated an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. 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, December 19th. Finally, Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $85.17.

CarMax Stock Performance

Shares of NYSE:KMX traded down $0.42 during trading on Monday, hitting $79.65. The company's stock had a trading volume of 1,901,833 shares, compared to its average volume of 1,859,878. The company has a 50-day moving average of $81.08 and a 200-day moving average of $78.69. 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 firm has a market cap of $12.34 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.74 and a beta of 1.71. CarMax has a 12 month low of $65.83 and a 12 month high of $91.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KMX. World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter valued at $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its position in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after purchasing an additional 10,898 shares during the period. Eagle Rock Investment Company LLC bought a new stake in CarMax in the third quarter worth about $747,000. Neo Ivy Capital Management purchased a new position in shares of CarMax during the third quarter valued at approximately $3,934,000. Finally, iSAM Funds UK Ltd bought a new position in shares of CarMax during the third quarter valued at approximately $537,000.

Insider Activity at CarMax

In other news, CEO William D. Nash sold 120,513 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares of the company's stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,744 shares of company stock valued at $18,990,227. 1.66% of the stock is owned by corporate insiders.

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.