Research Analysts Issue Forecasts for CarMax Q2 Earnings

CarMax, Inc. (NYSE:KMX) – Equities researchers at Wedbush boosted their Q2 2026 earnings per share estimates for CarMax in a research report issued on Thursday, January 16th. Wedbush analyst S. Basham now anticipates that the company will earn $1.07 per share for the quarter, up from their previous forecast of $1.03. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.18 per share. Wedbush also issued estimates for CarMax’s Q3 2026 earnings at $0.92 EPS and FY2027 earnings at $4.70 EPS.

KMX has been the topic of a number of other research reports. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, CarMax has an average rating of “Hold” and an average price target of $85.17.

CarMax Stock Down 0.9 %

Shares of KMX opened at $78.96 on Friday. The company has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. CarMax has a one year low of $65.83 and a one year high of $91.25. The business’s 50 day simple moving average is $82.01 and its 200-day simple moving average is $79.00. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (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 the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS.

Insider Transactions at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James Lyski sold 57,986 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the transaction, the executive vice president now owns 22,803 shares of the company’s stock, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock worth $21,503,625 in the last three months. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On CarMax

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of CarMax in the 2nd quarter valued at $127,000. DekaBank Deutsche Girozentrale grew its stake in CarMax by 11.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,520 shares of the company’s stock valued at $2,517,000 after acquiring an additional 3,481 shares during the period. Oppenheimer Asset Management Inc. grew its stake in CarMax by 8.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,938 shares of the company’s stock valued at $509,000 after acquiring an additional 547 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Finally, Argent Trust Co raised its position in shares of CarMax by 22.3% during the second quarter. Argent Trust Co now owns 31,509 shares of the company’s stock worth $2,311,000 after purchasing an additional 5,739 shares during the period.

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.