CarMax, Inc. (NYSE:KMX – Free Report) – Research analysts at Zacks Research upped their Q3 2027 earnings per share (EPS) estimates for CarMax in a research report issued on Tuesday, October 13th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.40. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. Zacks Research also issued estimates for CarMax’s Q4 2027 earnings at $0.49 EPS, FY2027 earnings at $3.39 EPS, Q1 2028 earnings at $1.21 EPS, Q2 2028 earnings at $1.08 EPS, Q3 2028 earnings at $0.87 EPS, Q4 2028 earnings at $0.52 EPS, FY2028 earnings at $3.68 EPS, Q1 2029 earnings at $1.10 EPS, Q2 2029 earnings at $1.16 EPS and FY2029 earnings at $4.25 EPS.
A number of other equities research analysts have also weighed in on the company. BNP Paribas Exane reiterated a “strong sell” rating and issued a $48.00 price objective (up from $33.00) on shares of CarMax in a research report on Wednesday, September 30th. Mizuho upped their target price on CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Weiss Ratings upgraded shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Finally, Royal Bank Of Canada boosted their price objective on shares of CarMax from $45.00 to $56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CarMax currently has a consensus rating of “Reduce” and a consensus target price of $56.46.
CarMax Trading Down 2.1%
NYSE KMX opened at $49.77 on Thursday. CarMax has a fifty-two week low of $30.26 and a fifty-two week high of $65.28. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.57 and a current ratio of 2.33. The stock has a 50 day simple moving average of $58.53 and a two-hundred day simple moving average of $51.08. The stock has a market cap of $7.06 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23.
CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.43. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.09 billion. CarMax had a return on equity of 7.76% and a net margin of 1.06%. CarMax’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS.
Institutional Trading of CarMax
Several institutional investors and hedge funds have recently bought and sold shares of KMX. State Street Corp grew its holdings in shares of CarMax by 5.6% during the 2nd quarter. State Street Corp now owns 5,156,276 shares of the company’s stock worth $272,715,000 after acquiring an additional 271,216 shares during the period. Jupiter Topco LLC bought a new position in shares of CarMax in the 2nd quarter worth approximately $245,676,000. Primecap Management Co. CA bought a new position in shares of CarMax in the 2nd quarter worth approximately $230,548,000. Janus Henderson Group PLC raised its position in shares of CarMax by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,580,807 shares of the company’s stock worth $190,471,000 after acquiring an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CarMax by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,275,663 shares of the company’s stock valued at $177,767,000 after purchasing an additional 289,768 shares during the period.
Trending Headlines about CarMax
Here are the key news stories impacting CarMax this week:
- Positive Sentiment: Zacks sharply raised its long-term CarMax earnings forecasts. FY2027 EPS was lifted to $3.39 from $2.54, FY2028 to $3.68 from $2.71, and FY2029 to $4.25 from $2.91. The revisions imply improving profitability expectations well beyond the current-year consensus of $3.01 per share.
- Positive Sentiment: Quarterly estimates were also increased across the forecast period, including Q3 2027 EPS to $0.44 from $0.40, Q4 2027 to $0.49 from $0.27, Q1 2028 to $1.21 from $0.95, Q2 2028 to $1.08 from $0.83, Q3 2028 to $0.87 from $0.68, Q4 2028 to $0.52 from $0.25, Q1 2029 to $1.10 from $0.81, and Q2 2029 to $1.16 from $0.73.
- Neutral Sentiment: Despite the higher earnings outlook and Strong Buy ranking, Zacks Research retained a Hold rating in its estimate updates. This mixed message could limit the upside from the revisions.
About CarMax
CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.
In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.
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