Wedbush Forecasts CarMax’s FY2025 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Equities research analysts at Wedbush lifted their FY2025 earnings estimates for shares of CarMax in a report released on Friday, December 20th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $3.17 for the year, up from their prior estimate of $2.95. Wedbush currently has a “Outperform” rating and a $95.00 target price on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.01 per share. Wedbush also issued estimates for CarMax’s Q4 2025 earnings at $0.54 EPS and Q4 2026 earnings at $0.58 EPS.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share.

Several other equities analysts have also recently issued reports on the stock. Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Evercore ISI upped their price target on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Performance

Shares of KMX stock opened at $83.70 on Monday. The business’s 50-day moving average price is $79.01 and its 200-day moving average price is $77.73. CarMax has a 12 month low of $65.83 and a 12 month high of $91.25. 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 firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.76 and a beta of 1.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new position in shares of CarMax during the third quarter valued at about $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after acquiring an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new stake in CarMax in the third quarter valued at approximately $747,000. Neo Ivy Capital Management bought a new stake in shares of CarMax during the third quarter valued at approximately $3,934,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of CarMax during the third quarter worth approximately $537,000.

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.