CarMax (NYSE:KMX) Updates Q3 2026 Earnings Guidance

CarMax (NYSE:KMX) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.180-0.360 for the period, compared to the consensus estimate of 0.710. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KMX. Needham & Company LLC restated a “hold” rating on shares of CarMax in a research report on Friday. Evercore ISI lowered their price target on shares of CarMax from $52.00 to $35.00 and set an “in-line” rating for the company in a report on Thursday. Truist Financial lowered their price target on CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. Finally, Seaport Res Ptn downgraded CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.67.

CarMax Stock Down 0.2%

Shares of KMX traded down $0.08 during midday trading on Friday, hitting $30.80. The company had a trading volume of 2,295,013 shares, compared to its average volume of 3,519,463. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. CarMax has a 52 week low of $30.26 and a 52 week high of $91.25. The company’s 50 day moving average price is $49.75 and its 200 day moving average price is $58.87. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.81 and a beta of 1.26.

CarMax (NYSE:KMX) last released its earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The firm had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, equities research analysts predict that CarMax will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC purchased a new stake in CarMax in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc purchased a new stake in shares of CarMax in the second quarter worth approximately $30,000. Ossiam boosted its holdings in shares of CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after purchasing an additional 280 shares during the period. State of Wyoming acquired a new stake in shares of CarMax during the second quarter worth approximately $196,000. Finally, Vident Advisory LLC increased its stake in CarMax by 20.9% in the 2nd quarter. Vident Advisory LLC now owns 3,290 shares of the company’s stock valued at $221,000 after buying an additional 569 shares during the period.

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.