Zacks Research Estimates CarMax’s FY2027 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Investment analysts at Zacks Research decreased their FY2027 earnings estimates for CarMax in a research note issued to investors on Thursday, April 9th. Zacks Research analyst Team now forecasts that the company will earn $2.46 per share for the year, down from their previous forecast of $2.98. Zacks Research has a “Hold” rating on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Zacks Research also issued estimates for CarMax’s FY2028 earnings at $2.57 EPS.

Several other equities analysts also recently issued reports on KMX. Truist Financial upped their price objective on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Benchmark restated a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. Robert W. Baird upped their price objective on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $39.93.

CarMax Stock Performance

NYSE KMX opened at $49.03 on Monday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax has a 1 year low of $30.26 and a 1 year high of $71.99. The company has a market capitalization of $6.95 billion, a PE ratio of 16.18, a P/E/G ratio of 1.23 and a beta of 1.30. The company has a fifty day moving average of $43.07 and a two-hundred day moving average of $42.00.

Institutional Investors Weigh In On CarMax

Hedge funds have recently made changes to their positions in the business. Huntington National Bank raised its holdings in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc purchased a new position in CarMax during the second quarter worth about $30,000. Center for Financial Planning Inc. purchased a new position in CarMax during the third quarter worth about $31,000. Finally, Advisory Services Network LLC purchased a new position in CarMax during the third quarter worth about $32,000.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.