What is William Blair’s Forecast for CarMax Q2 Earnings?

CarMax, Inc. (NYSE:KMX) – Stock analysts at William Blair reduced their Q2 2026 earnings estimates for CarMax in a research report issued on Wednesday, September 17th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.05. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. William Blair also issued estimates for CarMax’s Q3 2026 earnings at $0.97 EPS, FY2026 earnings at $3.99 EPS and FY2027 earnings at $4.74 EPS.

Several other research analysts also recently weighed in on the stock. Mizuho reduced their price target on shares of CarMax from $80.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Evercore ISI reduced their price target on shares of CarMax from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $58.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday. Stephens reduced their price target on shares of CarMax from $81.00 to $74.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Finally, Royal Bank Of Canada upped their price target on shares of CarMax from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

CarMax Trading Down 2.6%

Shares of CarMax stock opened at $58.42 on Friday. The firm has a 50-day simple moving average of $59.63 and a two-hundred day simple moving average of $65.61. The company has a market cap of $8.77 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. CarMax has a fifty-two week low of $54.53 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.20. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.58 billion. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share.

Institutional Trading of CarMax

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in CarMax by 125.6% during the fourth quarter. Quantinno Capital Management LP now owns 19,707 shares of the company’s stock worth $1,611,000 after buying an additional 10,973 shares in the last quarter. Woodline Partners LP purchased a new stake in CarMax during the fourth quarter worth about $761,000. Waverly Advisors LLC boosted its holdings in CarMax by 2.5% during the fourth quarter. Waverly Advisors LLC now owns 15,091 shares of the company’s stock worth $1,234,000 after buying an additional 366 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CarMax by 10.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,672,485 shares of the company’s stock worth $136,742,000 after buying an additional 162,160 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in CarMax during the fourth quarter worth about $207,000.

Insider Activity at CarMax

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the transaction, the executive vice president directly owned 2,779 shares of the company’s stock, valued at approximately $196,308.56. This trade represents a 35.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

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.