Brokers Issue Forecasts for CarMax’s Q4 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Wedbush lowered their Q4 2025 earnings per share estimates for CarMax in a research note issued on Tuesday, December 17th. Wedbush analyst S. Basham now expects that the company will earn $0.56 per share for the quarter, down from their previous estimate of $0.60. Wedbush has a “Outperform” rating and a $95.00 price target on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. Wedbush also issued estimates for CarMax’s FY2027 earnings at $4.26 EPS.

Several other equities analysts have also commented on the stock. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Truist Financial increased their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, BNP Paribas upgraded CarMax to a “strong sell” rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.58.

CarMax Trading Up 3.5 %

Shares of KMX stock opened at $84.23 on Thursday. CarMax has a 1-year low of $65.83 and a 1-year high of $91.25. The firm has a market cap of $13.05 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company has a 50-day moving average of $78.77 and a two-hundred day moving average of $77.55. 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 (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS.

Institutional Investors Weigh In On CarMax

Large investors have recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in shares of CarMax during the 3rd quarter worth about $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its stake in CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC acquired a new stake in CarMax during the third quarter worth approximately $747,000. Neo Ivy Capital Management purchased a new stake in shares of CarMax during the 3rd quarter worth approximately $3,934,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of CarMax in the 3rd quarter valued at $537,000.

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.