William Blair Forecasts CarMax’s FY2025 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Research analysts at William Blair upped their FY2025 earnings per share (EPS) estimates for shares of CarMax in a report issued on Thursday, December 19th. William Blair analyst S. Zackfia now expects that the company will post earnings of $3.28 per share for the year, up from their previous estimate of $3.05. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. William Blair also issued estimates for CarMax’s Q4 2025 earnings at $0.65 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $0.76 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $3.78 EPS and FY2027 earnings at $4.36 EPS.

A number of other analysts have also recently weighed in on KMX. JPMorgan Chase & Co. boosted their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Needham & Company LLC boosted their price objective on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average target price of $85.17.

CarMax Trading Up 1.4 %

Shares of NYSE:KMX opened at $84.91 on Monday. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $13.15 billion, a PE ratio of 31.92, a P/E/G ratio of 1.76 and a beta of 1.71. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The firm has a fifty day moving average price of $79.45 and a 200 day moving average price of $77.93.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share.

Institutional Investors Weigh In On CarMax

Several hedge funds have recently made changes to their positions in KMX. Atria Wealth Solutions Inc. boosted its stake in CarMax by 52.5% during the second quarter. Atria Wealth Solutions Inc. now owns 10,734 shares of the company’s stock worth $787,000 after buying an additional 3,695 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CarMax by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 972,307 shares of the company’s stock valued at $71,309,000 after acquiring an additional 5,012 shares during the period. Atomi Financial Group Inc. bought a new stake in CarMax in the second quarter valued at about $208,000. Cambridge Investment Research Advisors Inc. raised its position in CarMax by 53.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company’s stock worth $2,998,000 after purchasing an additional 14,230 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in CarMax by 18.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 23,728 shares of the company’s stock worth $1,740,000 after purchasing an additional 3,703 shares during the period.

CarMax Company Profile

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.