Research Analysts Issue Forecasts for CarMax FY2025 Earnings

CarMax, Inc. (NYSE:KMX) – Stock analysts at William Blair increased their FY2025 earnings per share (EPS) estimates for shares of CarMax in a research report issued on Thursday, December 19th. William Blair analyst S. Zackfia now expects that the company will earn $3.28 per share for the year, up from their prior forecast of $3.05. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. William Blair also issued estimates for CarMax’s Q4 2025 earnings at $0.65 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $0.76 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $3.78 EPS and FY2027 earnings at $4.36 EPS.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share.

A number of other brokerages also recently commented on KMX. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday. Needham & Company LLC raised their price objective on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Stephens initiated coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average target price of $85.17.

CarMax Stock Down 0.7 %

KMX opened at $83.70 on Monday. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The firm has a 50 day moving average price of $79.01 and a 200 day moving average price of $77.73. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company has a market cap of $12.97 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71.

Institutional Trading of CarMax

A number of institutional investors and hedge funds have recently made changes to their positions in KMX. Oddo BHF Asset Management Sas bought a new stake in shares of CarMax during the third quarter valued at approximately $2,229,000. Franklin Resources Inc. raised its stake in CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after acquiring an additional 9,509 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of CarMax by 141.8% during the third quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after purchasing an additional 7,635 shares during the period. Wilmington Savings Fund Society FSB bought a new position in CarMax in the 3rd quarter valued at about $351,000. Finally, World Investment Advisors LLC acquired a new position in CarMax during the 3rd quarter valued at about $6,942,000.

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.