Zacks Research Weighs in on CarMax, Inc.’s Q2 2026 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Analysts at Zacks Research dropped their Q2 2026 earnings estimates for CarMax in a report issued on Wednesday, June 19th. Zacks Research analyst R. Singhi now expects that the company will earn $0.71 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for CarMax’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for CarMax’s Q3 2026 earnings at $0.91 EPS.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis.

Several other research analysts also recently weighed in on KMX. Needham & Company LLC decreased their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Evercore ISI decreased their price target on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating on the stock in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Finally, Bank of America increased their price objective on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.17.

CarMax Stock Up 0.4 %

KMX opened at $71.63 on Monday. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a market capitalization of $11.27 billion, a PE ratio of 23.64, a PEG ratio of 1.40 and a beta of 1.69. The firm’s 50 day simple moving average is $70.25 and its two-hundred day simple moving average is $73.88.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CarMax

A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Allworth Financial LP grew its stake in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares in the last quarter. Mendota Financial Group LLC purchased a new position in shares of CarMax in the 4th quarter worth $37,000. MCF Advisors LLC bought a new stake in shares of CarMax in the 4th quarter worth about $46,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after acquiring an additional 155 shares during the last quarter.

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.