Seaport Res Ptn Analysts Cut Earnings Estimates for CarMax

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

KMX has been the topic of a number of other research reports. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Needham & Company LLC cut their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a report on Friday, April 11th. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Evercore ISI decreased their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Robert W. Baird lowered their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CarMax has an average rating of "Hold" and a consensus target price of $87.73.

CarMax Trading Up 0.6 %

Shares of KMX traded up $0.39 during trading hours on Wednesday, reaching $64.50. 2,270,734 shares of the company traded hands, compared to its average volume of 2,085,341. CarMax has a 12-month low of $63.23 and a 12-month high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock's fifty day moving average price is $76.62 and its 200 day moving average price is $78.73. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58.

Institutional Inflows and Outflows

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

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by 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.