Equities Analysts Issue Forecasts for CarMax, Inc.’s Q1 2025 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Stock analysts at Seaport Res Ptn dropped their Q1 2025 EPS estimates for CarMax in a research report issued on Friday, April 19th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $1.08 for the quarter, down from their previous estimate of $1.22. The consensus estimate for CarMax’s current full-year earnings is $3.30 per share. Seaport Res Ptn also issued estimates for CarMax’s Q2 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $3.20 EPS and FY2026 earnings at $3.85 EPS.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business posted $0.44 earnings per share. CarMax’s quarterly revenue was down 1.7% compared to the same quarter last year.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird decreased their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Mizuho reduced their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Finally, Bank of America lifted their price objective on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $77.42.

CarMax Price Performance

NYSE:KMX opened at $69.71 on Monday. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The firm has a fifty day simple moving average of $78.18 and a 200 day simple moving average of $72.12. The stock has a market capitalization of $10.97 billion, a PE ratio of 23.01, a P/E/G ratio of 1.13 and a beta of 1.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in CarMax by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock worth $1,387,222,000 after acquiring an additional 222,132 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in CarMax by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock worth $392,458,000 after acquiring an additional 210,440 shares in the last quarter. Norges Bank acquired a new position in CarMax during the fourth quarter worth about $288,278,000. Invesco Ltd. raised its stake in CarMax by 3.1% during the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after acquiring an additional 88,488 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its stake in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after acquiring an additional 1,326,840 shares in the last quarter.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is owned by insiders.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.