CarMax, Inc. to Post FY2025 Earnings of $2.92 Per Share, Zacks Research Forecasts (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of CarMax in a research report issued to clients and investors on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates that the company will earn $2.92 per share for the year, up from their prior forecast of $2.89. The consensus estimate for CarMax’s current full-year earnings is $2.97 per share. Zacks Research also issued estimates for CarMax’s Q4 2025 earnings at $0.52 EPS, Q1 2026 earnings at $1.09 EPS, Q4 2026 earnings at $0.89 EPS, FY2026 earnings at $3.69 EPS, Q1 2027 earnings at $1.10 EPS, Q2 2027 earnings at $0.96 EPS and FY2027 earnings at $4.26 EPS.

Several other brokerages have also recently commented on KMX. Evercore ISI reduced their price target on CarMax from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Truist Financial increased their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Friday, July 26th. Argus upgraded shares of CarMax to a “hold” rating in a research note on Tuesday, June 25th. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus target price of $79.45.

CarMax Trading Up 1.4 %

CarMax stock opened at $72.14 on Monday. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.46 and a beta of 1.68. The firm has a 50-day moving average of $78.10 and a 200-day moving average of $75.59. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax has a one year low of $59.66 and a one year high of $88.22.

CarMax (NYSE:KMX) last announced its earnings results 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 return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year.

Hedge Funds Weigh In On CarMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its position in CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after purchasing an additional 37,660 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of CarMax by 10.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after acquiring an additional 17,557 shares in the last quarter. Van ECK Associates Corp increased its stake in CarMax by 38.2% in the first quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock valued at $4,861,000 after acquiring an additional 15,426 shares during the last quarter. Swedbank AB acquired a new position in CarMax during the first quarter valued at approximately $1,406,000. Finally, SG Americas Securities LLC raised its position in CarMax by 7.9% during the first quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock valued at $1,998,000 after purchasing an additional 1,688 shares in the last quarter.

Insider Transactions at CarMax

In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now owns 15,609 shares in the company, valued at $1,249,032.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,339 shares of company stock worth $3,636,061. Company insiders own 1.66% of the company’s stock.

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.