What is Wedbush’s Estimate for CarMax Q1 Earnings?

CarMax, Inc. (NYSE:KMX) – Equities researchers at Wedbush issued their Q1 2026 earnings estimates for CarMax in a report released on Monday, May 19th. Wedbush analyst S. Devitt expects that the company will earn $1.23 per share for the quarter. Wedbush has a “Outperform” rating and a $90.00 price objective on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Wedbush also issued estimates for CarMax’s Q2 2026 earnings at $1.09 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $3.92 EPS and FY2027 earnings at $4.72 EPS.

A number of other brokerages have also commented on KMX. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Robert W. Baird decreased their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Finally, Needham & Company LLC reduced their price target on CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.73.

CarMax Stock Performance

CarMax stock opened at $66.75 on Wednesday. CarMax has a 1-year low of $61.67 and a 1-year high of $91.25. The firm has a market cap of $10.19 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a 50-day moving average of $69.90 and a 200-day moving average of $77.74.

Insider Activity at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm’s stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the acquisition, the director now directly owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Institutional Trading of CarMax

Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in CarMax by 348.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company’s stock valued at $539,213,000 after buying an additional 5,122,850 shares during the last quarter. Norges Bank bought a new position in CarMax in the fourth quarter worth approximately $423,187,000. Janus Henderson Group PLC raised its position in CarMax by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock worth $381,978,000 after acquiring an additional 29,715 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of CarMax by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock worth $302,564,000 after acquiring an additional 47,058 shares during the last quarter.

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.