CarMax Stock Gets Stronger EPS Estimate from Zacks Research

CarMax, Inc. (NYSE:KMX) – Investment analysts at Zacks Research boosted their Q2 2028 earnings per share (EPS) estimates for CarMax in a report released on Friday, October 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.12 for the quarter, up from their prior forecast of $1.08. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.10 per share. Zacks Research also issued estimates for CarMax’s Q3 2028 earnings at $0.90 EPS, Q4 2028 earnings at $0.53 EPS, FY2028 earnings at $3.76 EPS, Q1 2029 earnings at $1.13 EPS, Q2 2029 earnings at $1.19 EPS and FY2029 earnings at $4.36 EPS.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada upped their price target on CarMax from $45.00 to $56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 30th. Morgan Stanley raised their price objective on shares of CarMax from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 30th. Wall Street Zen raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. UBS Group set a $65.00 price objective on shares of CarMax in a research note on Thursday. Finally, Robert W. Baird upped their target price on shares of CarMax from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $57.85.

CarMax Stock Down 3.4%

KMX stock opened at $51.52 on Monday. The company has a quick ratio of 0.57, a current ratio of 2.33 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $7.31 billion, a PE ratio of 25.13, a PEG ratio of 1.50 and a beta of 1.23. CarMax has a twelve month low of $30.26 and a twelve month high of $65.28. The stock has a 50-day simple moving average of $58.17 and a two-hundred day simple moving average of $51.33.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.43. CarMax had a return on equity of 7.76% and a net margin of 1.06%. The business had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis.

Hedge Funds Weigh In On CarMax

A number of institutional investors have recently made changes to their positions in KMX. IFP Advisors Inc boosted its stake in CarMax by 9.8% in the third quarter. IFP Advisors Inc now owns 2,348 shares of the company’s stock worth $129,000 after buying an additional 210 shares in the last quarter. Krilogy Financial LLC grew its position in CarMax by 38.2% during the third quarter. Krilogy Financial LLC now owns 19,097 shares of the company’s stock valued at $968,000 after acquiring an additional 5,282 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in CarMax by 28.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,574 shares of the company’s stock valued at $838,000 after acquiring an additional 3,450 shares during the last quarter. Wedmont Private Capital bought a new position in CarMax during the third quarter valued at approximately $209,000. Finally, GAMMA Investing LLC raised its stake in shares of CarMax by 15.1% during the third quarter. GAMMA Investing LLC now owns 11,347 shares of the company’s stock worth $625,000 after acquiring an additional 1,487 shares in the last quarter.

About CarMax

CarMax, Inc is a specialty retailer of used vehicles and operates one of the largest used-car sales networks in the United States. The company sells a broad selection of pre-owned cars, trucks and SUVs through its retail stores and online platform, offering customers tools for vehicle search, appraisal, financing and purchase.

CarMax also operates a vehicle appraisal and acquisition business, buying vehicles from consumers and other sources for resale through its retail or wholesale channels.