FY2025 Earnings Forecast for CarMax Issued By Zacks Research

CarMax, Inc. (NYSE:KMX) – Research analysts at Zacks Research raised their FY2025 earnings per share estimates for CarMax in a note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Department now expects that the company will earn $3.15 per share for the year, up from their previous estimate of $2.92. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. Zacks Research also issued estimates for CarMax’s Q1 2026 earnings at $1.17 EPS, Q2 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $3.82 EPS, Q1 2027 earnings at $1.15 EPS, Q2 2027 earnings at $0.99 EPS and FY2027 earnings at $4.32 EPS.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. During the same quarter last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year.

KMX has been the subject of several other reports. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Evercore ISI increased their price objective on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.17.

CarMax Price Performance

KMX stock opened at $80.07 on Monday. The firm has a 50 day moving average of $80.97 and a 200-day moving average of $78.63. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.74 and a beta of 1.71. 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 $91.25.

Insider Activity

In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the transaction, the executive vice president now owns 22,803 shares in the company, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 228,744 shares of company stock valued at $18,990,227 in the last ninety days. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On CarMax

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its position in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after acquiring an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the 3rd quarter valued at $32,000. True Wealth Design LLC increased 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 worth $34,000 after buying an additional 436 shares during the period. Studio Investment Management LLC increased its stake in 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 buying an additional 334 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares in 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.