CarMax, Inc. (NYSE:KMX) Expected to Earn Q3 2025 Earnings of $0.62 Per Share

CarMax, Inc. (NYSE:KMX) – Equities researchers at William Blair upped their Q3 2025 EPS estimates for CarMax in a research report issued on Thursday, September 26th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.62 for the quarter, up from their previous forecast of $0.58. The consensus estimate for CarMax’s current full-year earnings is $2.99 per share.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year.

A number of other research analysts have also recently commented on the stock. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Tuesday, September 17th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Monday, June 24th. Royal Bank of Canada increased their price objective on CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial raised their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, Argus upgraded CarMax to a “hold” rating in a report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Stock Performance

Shares of CarMax stock opened at $77.32 on Monday. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The stock’s fifty day moving average is $79.71 and its two-hundred day moving average is $76.28. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a market capitalization of $12.07 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69.

Insider Activity

In related news, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,012 shares of company stock worth $14,803,843. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Community Trust NA acquired a new stake in shares of CarMax during the second quarter worth about $29,000. Quarry LP raised its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the last quarter. Blue Trust Inc. lifted its stake in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the period. Studio Investment Management LLC increased its stake in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of CarMax during the first quarter worth $55,000.

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.