CarMax (KMX) Expected to Announce Earnings on Friday

CarMax (NYSE:KMX) is expected to be posting its Q1 2026 quarterly earnings results before the market opens on Friday, June 20th. Analysts expect CarMax to post earnings of $1.21 per share and revenue of $7.58 billion for the quarter.

CarMax Stock Down 0.3%

Shares of NYSE KMX opened at $64.25 on Thursday. The firm has a market capitalization of $9.81 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a current ratio of 2.31, a quick ratio of 0.52 and a debt-to-equity ratio of 2.91. CarMax has a 1 year low of $61.34 and a 1 year high of $91.25. The firm’s 50-day moving average is $65.65 and its 200-day moving average is $75.71.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod bought 1,300 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director now owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. This represents a 4.03% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of CarMax

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in CarMax in the first quarter valued at $727,000. Intech Investment Management LLC lifted its position in CarMax by 61.7% during the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock worth $1,492,000 after buying an additional 7,307 shares in the last quarter. Empowered Funds LLC lifted its position in CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock worth $411,000 after buying an additional 585 shares in the last quarter. Jones Financial Companies Lllp lifted its position in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after buying an additional 161 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMX. Needham & Company LLC reduced their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday. Finally, Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.82.

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.