Seaport Res Ptn Issues Negative Estimate for CarMax Earnings

CarMax, Inc. (NYSE:KMX) – Research analysts at Seaport Res Ptn decreased their FY2026 earnings per share estimates for shares of CarMax in a note issued to investors on Sunday, April 13th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $3.81 for the year, down from their prior estimate of $3.82. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share.

Several other research firms have also recently weighed in on KMX. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Needham & Company LLC cut their price objective on CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a report on Friday, April 11th. Wedbush decreased their price objective on CarMax from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Evercore ISI cut their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CarMax has an average rating of “Hold” and an average price target of $87.73.

CarMax Stock Down 5.3 %

KMX stock opened at $64.14 on Wednesday. The company’s 50 day moving average is $77.48 and its 200 day moving average is $78.92. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax has a 1-year low of $63.23 and a 1-year high of $91.25.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On CarMax

Several institutional investors and hedge funds have recently bought and sold shares of KMX. First Hawaiian Bank bought a new position in shares of CarMax during the fourth quarter valued at approximately $273,000. Sequoia Financial Advisors LLC increased its position in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock valued at $261,000 after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp raised its holdings in CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after purchasing an additional 1,396 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CarMax in the 3rd quarter worth about $6,942,000. Finally, HF Advisory Group LLC boosted its stake in shares of CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares in 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.