William Blair Comments on CarMax, Inc.’s Q4 2025 Earnings (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – William Blair decreased their Q4 2025 earnings per share (EPS) estimates for shares of CarMax in a report released on Thursday, April 11th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.47 per share for the quarter, down from their prior forecast of $0.56. The consensus estimate for CarMax’s current full-year earnings is $3.58 per share.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. CarMax’s quarterly revenue was down 1.7% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on KMX. Robert W. Baird decreased their price objective on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday. Bank of America upped their price objective on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a research note on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Finally, Evercore ISI reduced their target price on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.67.

CarMax Trading Down 0.8 %

Shares of NYSE KMX opened at $71.41 on Monday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.71. The stock has a market capitalization of $11.28 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.61. CarMax has a 1-year low of $59.66 and a 1-year high of $88.22. The business has a fifty day moving average price of $78.80 and a 200 day moving average price of $72.10.

Hedge Funds Weigh In On CarMax

A number of hedge funds have recently bought and sold shares of the business. Fairfield Bush & CO. purchased a new position in shares of CarMax in the first quarter valued at approximately $106,000. American Century Companies Inc. lifted its position in shares of CarMax by 11.8% in the first quarter. American Century Companies Inc. now owns 23,475 shares of the company’s stock valued at $2,264,000 after acquiring an additional 2,483 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of CarMax by 80.1% in the first quarter. Panagora Asset Management Inc. now owns 16,980 shares of the company’s stock valued at $1,638,000 after purchasing an additional 7,550 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of CarMax by 6.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,633 shares of the company’s stock valued at $2,087,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of CarMax by 1.2% in the first quarter. Yousif Capital Management LLC now owns 26,032 shares of the company’s stock valued at $2,512,000 after purchasing an additional 299 shares during the last quarter.

Insider Buying and Selling

In related news, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock valued at $2,740,901 over the last ninety days. Company insiders own 1.66% of the company’s stock.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.