CarMax, Inc. Expected to Earn Q3 2025 Earnings of $0.62 Per Share (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Investment analysts at Wedbush decreased their Q3 2025 earnings per share estimates for shares of CarMax in a research note issued to investors on Tuesday, September 17th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.62 per share for the quarter, down from their previous estimate of $0.73. 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 Q1 2026 earnings at $1.28 EPS, FY2026 earnings at $3.64 EPS and FY2027 earnings at $4.45 EPS.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping 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 company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the business earned $1.16 EPS. CarMax’s quarterly revenue was down 7.5% on a year-over-year basis.

Several other equities research analysts have also commented on the company. Evercore ISI boosted their price objective on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 16th. Truist Financial boosted their target price on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, June 24th. JPMorgan Chase & Co. boosted their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday. Needham & Company LLC lowered their target price on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Royal Bank of Canada boosted their target price on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.08.

CarMax Price Performance

NYSE:KMX opened at $76.10 on Thursday. CarMax has a 12 month low of $59.66 and a 12 month high of $88.22. The stock has a 50 day moving average of $80.36 and a two-hundred day moving average of $76.54. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a market cap of $11.88 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $965,567.88. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock worth $14,893,042 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

A number of large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in CarMax in the fourth quarter valued at $288,278,000. Vulcan Value Partners LLC increased its holdings in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in CarMax by 95.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after buying an additional 1,326,840 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in CarMax by 1,327.3% in the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after buying an additional 951,558 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after buying an additional 577,685 shares during the last quarter.

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.