CarMax (KMX) Expected to Announce Quarterly Earnings on Thursday

CarMax (NYSE:KMX) will likely be posting its Q3 2026 results before the market opens on Thursday, December 18th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $5.6644 billion for the quarter. Parties may review the information on the company’s upcoming Q3 2026 earning report for the latest details on the call scheduled for Thursday, December 18, 2025 at 9:00 AM ET.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.39). The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.CarMax’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, analysts expect CarMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CarMax Stock Performance

KMX opened at $41.18 on Thursday. CarMax has a 1-year low of $30.26 and a 1-year high of $91.25. The stock has a market cap of $6.05 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.90 and a beta of 1.29. The stock’s 50 day simple moving average is $39.91 and its 200 day simple moving average is $53.87. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06.

Analyst Ratings Changes

KMX has been the topic of several research reports. Truist Financial lowered their target price on CarMax from $47.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $34.00 price objective (down from $59.00) on shares of CarMax in a research note on Friday, November 7th. Benchmark downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Thursday, November 6th. Evercore ISI increased their price target on shares of CarMax from $35.00 to $37.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Robert W. Baird reduced their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $41.69.

Institutional Trading of CarMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of CarMax by 73.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after acquiring an additional 1,494,205 shares during the period. Invesco Ltd. grew its holdings in CarMax by 14.2% in the third quarter. Invesco Ltd. now owns 3,425,737 shares of the company’s stock valued at $153,713,000 after purchasing an additional 426,809 shares during the period. Turtle Creek Asset Management Inc. increased its position in CarMax by 0.6% during the third quarter. Turtle Creek Asset Management Inc. now owns 2,707,477 shares of the company’s stock worth $121,484,000 after purchasing an additional 16,627 shares during the last quarter. Giverny Capital Inc. raised its stake in CarMax by 0.9% during the third quarter. Giverny Capital Inc. now owns 1,670,114 shares of the company’s stock worth $74,938,000 after purchasing an additional 14,184 shares during the period. Finally, Hawk Ridge Capital Management LP purchased a new position in CarMax during the third quarter worth approximately $43,702,000.

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.