CarMax (NYSE:KMX) Rating Reiterated by Wedbush

CarMax (NYSE:KMX)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report released on Tuesday, Benzinga reports. They currently have a $95.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 23.04% from the company’s previous close. Wedbush also issued estimates for CarMax’s Q2 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $3.06 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $0.74 EPS and Q4 2026 earnings at $0.60 EPS.

A number of other brokerages have also weighed in on KMX. Mizuho lowered their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Royal Bank of Canada lifted their price objective on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Argus upgraded CarMax to a “hold” rating in a research report on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Finally, Evercore ISI boosted their target price on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $76.25.

CarMax Stock Down 2.7 %

Shares of NYSE KMX opened at $77.21 on Tuesday. The stock has a market cap of $12.05 billion, a PE ratio of 30.16, a PEG ratio of 1.53 and a beta of 1.69. The business has a fifty day moving average of $80.40 and a two-hundred day moving average of $76.53. CarMax has a 52-week low of $59.66 and a 52-week 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.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the business earned $1.16 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis. As a group, equities research analysts expect that CarMax will post 2.99 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,690,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock worth $14,893,042 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KMX. First Community Trust NA acquired a new position in shares of CarMax during the 2nd quarter worth approximately $29,000. Quarry LP increased its holdings in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the last quarter. Studio Investment Management LLC increased its holdings in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of CarMax during the 1st quarter worth approximately $55,000.

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.