Q3 2025 EPS Estimates for CarMax, Inc. (NYSE:KMX) Decreased by Analyst

CarMax, Inc. (NYSE:KMX) – Wedbush lowered their Q3 2025 EPS estimates for shares of CarMax in a research note issued on Tuesday, September 17th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.73. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for CarMax’s current full-year earnings is $2.99 per share. Wedbush also issued estimates for CarMax’s Q1 2026 earnings at $1.28 EPS, FY2026 earnings at $3.64 EPS and FY2027 earnings at $4.45 EPS.

Several other analysts have also issued reports on the company. Truist Financial boosted their price target on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Monday, June 24th. StockNews.com raised CarMax to a “sell” rating in a report on Friday, July 26th. Evercore ISI boosted their price target on CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. Finally, Argus upgraded CarMax to a “hold” rating in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.25.

CarMax Stock Performance

NYSE:KMX opened at $77.21 on Thursday. The stock has a 50-day simple moving average of $80.40 and a two-hundred day simple moving average of $76.53. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The firm has a market capitalization of $12.05 billion, a PE ratio of 30.16, a P/E/G ratio of 1.53 and a beta of 1.69.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. CarMax’s revenue for the quarter was down 7.5% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,243 shares of company stock worth $14,893,042. Corporate insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On CarMax

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in CarMax during the fourth quarter valued at approximately $288,278,000. Vulcan Value Partners LLC raised its position in CarMax by 299.7% during the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after purchasing an additional 1,369,986 shares during the period. Morningstar Investment Services LLC raised its position in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after purchasing an additional 1,326,840 shares during the period. DAVENPORT & Co LLC raised its position in CarMax by 1,327.3% during the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after purchasing an additional 951,558 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in CarMax by 3,094.0% during the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after purchasing an additional 577,685 shares during the period.

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.