Q2 2026 EPS Estimates for CarMax, Inc. (NYSE:KMX) Cut by Zacks Research

CarMax, Inc. (NYSE:KMX) – Equities researchers at Zacks Research dropped their Q2 2026 earnings per share estimates for CarMax in a research note issued on Wednesday, June 19th. Zacks Research analyst R. Singhi now forecasts that the company will post earnings per share of $0.71 for the quarter, down from their previous estimate of $0.74. The consensus estimate for CarMax’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for CarMax’s Q3 2026 earnings at $0.91 EPS.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised CarMax to a “sell” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. decreased their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Bank of America boosted their target price on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Mizuho dropped their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Truist Financial boosted their target price on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.50.

CarMax Price Performance

KMX stock opened at $73.18 on Monday. The business has a fifty day moving average of $70.32 and a two-hundred day moving average of $73.92. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22.

Institutional Trading of CarMax

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares in the last quarter. Mendota Financial Group LLC bought a new position in shares of CarMax in the fourth quarter valued at $37,000. MCF Advisors LLC bought a new position in shares of CarMax in the fourth quarter valued at $46,000. Finally, Lindbrook Capital LLC increased its holdings in shares of CarMax by 32.8% in the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares in the last quarter.

Insider Activity at CarMax

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