CarMax, Inc. (NYSE:KMX) to Post Q2 2025 Earnings of $0.86 Per Share, Wedbush Forecasts

CarMax, Inc. (NYSE:KMX) – Equities researchers at Wedbush cut their Q2 2025 earnings estimates for CarMax in a report released on Tuesday, September 17th. Wedbush analyst S. Basham now expects that the company will earn $0.86 per share for the quarter, down from their previous forecast of $0.94. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for CarMax’s current full-year earnings is $2.99 per share. Wedbush also issued estimates for CarMax’s Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $3.06 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $0.74 EPS and Q4 2026 earnings at $0.60 EPS.

Several other equities analysts also recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. Evercore ISI increased their price objective on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Needham & Company LLC reduced their target price on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Mizuho decreased their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, Truist Financial lifted their price target on shares of CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, CarMax presently has a consensus rating of “Hold” and a consensus price target of $76.25.

CarMax Trading Up 0.4 %

NYSE:KMX opened at $79.39 on Wednesday. The firm has a market capitalization of $12.39 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.53 and a beta of 1.69. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The company has a fifty day moving average of $80.26 and a 200 day moving average of $76.53. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. First Community Trust NA bought a new position in CarMax in the second quarter valued at about $29,000. Quarry LP lifted its stake in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Blue Trust Inc. boosted its holdings in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the last quarter. Studio Investment Management LLC increased its holdings in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in CarMax in the first quarter worth approximately $55,000.

Insiders Place Their Bets

In related news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,243 shares of company stock valued at $14,893,042. Insiders own 1.66% of the company’s stock.

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.