CarMax, Inc. (NYSE:KMX – Free Report) – Investment analysts at William Blair boosted their Q3 2025 earnings per share (EPS) estimates for CarMax in a note issued to investors on Thursday, December 12th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.63 per share for the quarter, up from their previous forecast of $0.62. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. William Blair also issued estimates for CarMax’s FY2025 earnings at $3.05 EPS, Q1 2026 earnings at $1.18 EPS, Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.82 EPS, FY2026 earnings at $3.74 EPS and FY2027 earnings at $4.25 EPS.
A number of other equities research analysts have also recently commented on KMX. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Truist Financial raised their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upped their price objective on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stephens began coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Four investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $81.00.
CarMax Stock Performance
Shares of CarMax stock opened at $86.26 on Monday. The business’s fifty day simple moving average is $77.81 and its 200 day simple moving average is $77.27. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax has a 12 month low of $65.83 and a 12 month high of $88.22. The firm has a market capitalization of $13.36 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71.
CarMax (NYSE:KMX – Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis.
Institutional Investors Weigh In On CarMax
Several hedge funds and other institutional investors have recently modified their holdings of KMX. Quarry LP increased its stake in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax during the third quarter worth about $32,000. True Wealth Design LLC raised its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the period. Blue Trust Inc. lifted its holdings in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC boosted its stake in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period.
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.
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