Q2 2025 Earnings Estimate for CarMax, Inc. Issued By Wedbush (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Equities researchers at Wedbush dropped their Q2 2025 EPS estimates for shares of CarMax in a note issued to investors on Monday, June 24th. Wedbush analyst S. Basham now expects that the company will post earnings of $0.97 per share for the quarter, down from their previous forecast of $1.06. Wedbush has a “Outperform” rating and a $90.00 price target on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.06 per share. Wedbush also issued estimates for CarMax’s Q4 2025 earnings at $0.70 EPS.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and issued a $80.00 target price on shares of CarMax in a research report on Friday, June 21st. Mizuho dropped their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Evercore ISI dropped their target price on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a research report on Thursday, June 20th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Finally, Bank of America lifted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average price target of $75.50.

CarMax Price Performance

KMX opened at $73.33 on Wednesday. The company has a 50-day moving average of $70.56 and a 200-day moving average of $73.94. The company has a market capitalization of $11.54 billion, a P/E ratio of 28.64, a PEG ratio of 1.41 and a beta of 1.69. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.

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

Hedge Funds Weigh In On CarMax

Several large investors have recently bought and sold shares of KMX. Allworth Financial LP raised its stake in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares in the last quarter. Mendota Financial Group LLC acquired a new position in shares of CarMax in the 4th quarter valued at $37,000. MCF Advisors LLC acquired a new position in shares of CarMax in the 4th quarter valued at $46,000. Finally, Lindbrook Capital LLC raised its stake in shares of CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares in the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business’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 value of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The disclosure for this sale can be found here. Company 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.