William Blair Issues Negative Estimate for CarMax Earnings

CarMax, Inc. (NYSE:KMX - Free Report) - Research analysts at William Blair cut their Q1 2026 EPS estimates for shares of CarMax in a note issued to investors on Thursday, April 10th. William Blair analyst S. Zackfia now anticipates that the company will earn $1.17 per share for the quarter, down from their previous forecast of $1.23. The consensus estimate for CarMax's current full-year earnings is $3.23 per share. William Blair also issued estimates for CarMax's Q3 2026 earnings at $0.69 EPS, Q4 2026 earnings at $0.90 EPS and FY2027 earnings at $4.52 EPS.

KMX has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Robert W. Baird decreased their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Wedbush dropped their target price on shares of CarMax from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $87.73.

CarMax Trading Up 0.6 %

Shares of CarMax stock traded up $0.39 during trading on Monday, reaching $64.50. 2,270,734 shares of the stock were exchanged, compared to its average volume of 2,085,341. CarMax has a 1 year low of $63.23 and a 1 year high of $91.25. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock's fifty day moving average is $76.62 and its 200 day moving average is $78.73.

Hedge Funds Weigh In On CarMax

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock valued at $282,479,000 after purchasing an additional 14,903 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of CarMax during the third quarter valued at approximately $208,000. Toronto Dominion Bank increased its position in shares of CarMax by 21.5% during the third quarter. Toronto Dominion Bank now owns 55,628 shares of the company's stock valued at $4,304,000 after acquiring an additional 9,855 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of CarMax during the third quarter valued at approximately $1,587,000. Finally, Sanctuary Advisors LLC raised its holdings in CarMax by 44.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,878 shares of the company's stock worth $1,377,000 after acquiring an additional 5,188 shares during the last quarter.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by 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.