CarMax, Inc. to Post Q3 2025 Earnings of $0.62 Per Share, Wedbush Forecasts (NYSE:KMX)

CarMax, Inc. (NYSE:KMX - Free Report) - Equities researchers at Wedbush lowered their Q3 2025 earnings estimates for CarMax in a report issued on Tuesday, September 17th. Wedbush analyst S. Basham now forecasts that the company will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.73. Wedbush currently has a "Outperform" rating and a $95.00 price target on the stock. The consensus estimate for CarMax's current full-year earnings is $2.99 per share. Wedbush also issued estimates for CarMax's Q1 2026 earnings at $1.28 EPS, FY2026 earnings at $3.64 EPS and FY2027 earnings at $4.45 EPS.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share.

KMX has been the topic of several other reports. Mizuho lowered their price objective on shares of CarMax from $75.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 18th. Royal Bank of Canada upped their price target on CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, June 24th. Oppenheimer reissued an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a research note on Monday, June 24th. Evercore ISI lifted their target price on CarMax from $68.00 to $72.00 and gave the company an "in-line" rating in a research note on Tuesday, July 16th. Finally, StockNews.com upgraded CarMax to a "sell" rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $77.08.

CarMax Trading Up 0.2 %

Shares of NYSE:KMX traded up $0.18 during midday trading on Thursday, reaching $77.39. The company had a trading volume of 2,873,474 shares, compared to its average volume of 1,902,066. The company has a fifty day simple moving average of $80.41 and a two-hundred day simple moving average of $76.54. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.

Institutional Investors Weigh In On CarMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. boosted its position in CarMax by 5.7% in the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company's stock valued at $615,000 after buying an additional 431 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in CarMax by 8.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 13,527 shares of the company's stock worth $1,038,000 after purchasing an additional 1,090 shares during the period. Kentucky Retirement Systems increased its position in CarMax by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 12,695 shares of the company's stock worth $974,000 after purchasing an additional 252 shares during the period. Norges Bank bought a new stake in CarMax during the 4th quarter worth about $288,278,000. Finally, D.A. Davidson & CO. lifted its position in CarMax by 3.5% during the 4th quarter. D.A. Davidson & CO. now owns 11,850 shares of the company's stock valued at $909,000 after purchasing an additional 400 shares during the period.

Insider Transactions at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $72,097.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares of the company's stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is currently owned by company insiders.

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.