CarMax, Inc. (NYSE:KMX) to Post Q1 2025 Earnings of $1.04 Per Share, Wedbush Forecasts

CarMax, Inc. (NYSE:KMX) – Wedbush lowered their Q1 2025 earnings estimates for CarMax in a note issued to investors on Tuesday, June 18th. Wedbush analyst S. Basham now forecasts that the company will earn $1.04 per share for the quarter, down from their prior estimate of $1.13. Wedbush currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.10 per share. Wedbush also issued estimates for CarMax’s Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $3.42 EPS, Q1 2026 earnings at $1.27 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $3.80 EPS and FY2027 earnings at $4.68 EPS.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis.

Several other equities analysts have also commented on the stock. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Bank of America lifted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Robert W. Baird decreased their price objective on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Finally, Needham & Company LLC decreased their price objective on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.17.

CarMax Stock Down 0.3 %

Shares of CarMax stock opened at $71.50 on Wednesday. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.39 and a beta of 1.69. The firm’s 50-day moving average is $70.41 and its two-hundred day moving average is $73.77. CarMax has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67.

Hedge Funds Weigh In On CarMax

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of CarMax by 6.5% during the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock worth $188,000 after buying an additional 131 shares in the last quarter. Czech National Bank raised its stake in shares of CarMax by 0.5% during the fourth quarter. Czech National Bank now owns 27,789 shares of the company’s stock worth $2,133,000 after purchasing an additional 138 shares during the last quarter. Spire Wealth Management raised its stake in shares of CarMax by 8.3% during the fourth quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock worth $146,000 after purchasing an additional 147 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CarMax by 0.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock worth $1,782,000 after acquiring an additional 157 shares during the period.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by insiders.

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.