Research Analysts Issue Forecasts for CarMax Q3 Earnings

CarMax, Inc. (NYSE:KMX) – Equities researchers at Wedbush upped their Q3 2025 earnings per share estimates for shares of CarMax in a research note issued on Tuesday, December 17th. Wedbush analyst S. Basham now expects that the company will earn $0.57 per share for the quarter, up from their prior forecast of $0.51. 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 $3.01 per share. Wedbush also issued estimates for CarMax’s FY2025 earnings at $2.95 EPS, Q1 2026 earnings at $1.30 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $0.71 EPS, Q4 2026 earnings at $0.60 EPS and FY2026 earnings at $3.62 EPS.

A number of other equities research analysts also recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial upped their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday. Needham & Company LLC boosted their target price on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI upped their price target on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.17.

CarMax Stock Performance

Shares of NYSE:KMX opened at $84.27 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The company’s 50 day moving average price is $78.77 and its two-hundred day moving average price is $77.55. The firm has a market cap of $13.06 billion, a PE ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71.

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

Institutional Trading of CarMax

Several institutional investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas acquired a new position in CarMax during the 3rd quarter worth about $2,229,000. Franklin Resources Inc. grew its holdings in CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock worth $1,999,000 after acquiring an additional 9,509 shares during the period. Tidal Investments LLC raised its position in shares of CarMax by 141.8% in the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock worth $1,007,000 after acquiring an additional 7,635 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CarMax in the 3rd quarter valued at about $351,000. Finally, World Investment Advisors LLC bought a new stake in shares of 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.