CarMax, Inc. (NYSE:KMX – Free Report) – Equities research analysts at Zacks Research lowered their Q2 2027 earnings estimates for shares of CarMax in a report released on Wednesday, July 1st. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.64. The consensus estimate for CarMax’s current full-year earnings is $2.64 per share. Zacks Research also issued estimates for CarMax’s Q3 2027 earnings at $0.42 EPS, Q1 2028 earnings at $0.95 EPS and Q4 2028 earnings at $0.25 EPS.
CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.35. The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS.
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CarMax Price Performance
Shares of NYSE:KMX opened at $51.86 on Thursday. CarMax has a one year low of $30.26 and a one year high of $71.99. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.74 and a beta of 1.16. The firm has a 50 day simple moving average of $44.21 and a 200 day simple moving average of $43.38.
Hedge Funds Weigh In On CarMax
Hedge funds have recently modified their holdings of the business. Silver Heights Capital Management Inc grew its position in shares of CarMax by 39.5% in the 3rd quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock valued at $41,557,000 after buying an additional 262,478 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of CarMax during the fourth quarter worth about $968,000. Dimensional Fund Advisors LP raised its position in shares of CarMax by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after acquiring an additional 918,553 shares during the last quarter. Rings Capital Management LLC lifted its stake in shares of CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock worth $48,190,000 after acquiring an additional 448,000 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of CarMax by 324.3% in the fourth quarter. SG Americas Securities LLC now owns 177,754 shares of the company’s stock worth $6,868,000 after acquiring an additional 135,858 shares during the period.
Insider Buying and Selling
In other CarMax news, CEO Keith Barr purchased 9,400 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the transaction, the chief executive officer owned 33,375 shares in the company, valued at $1,769,208.75. The trade was a 39.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter J. Bensen purchased 2,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of $52.20 per share, with a total value of $130,500.00. Following the purchase, the director directly owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. The trade was a 11.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 13,900 shares of company stock worth $735,574 in the last ninety days. Company insiders own 1.01% of the company’s stock.
About CarMax
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.
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