What is Zacks Research’s Forecast for CarMax Q2 Earnings?

CarMax, Inc. (NYSE:KMX) – Research analysts at Zacks Research reduced their Q2 2027 earnings per share (EPS) estimates for CarMax in a report issued on Tuesday, January 6th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.86 for the quarter, down from their previous estimate of $0.89. Zacks Research has a “Hold” rating on the stock. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Zacks Research also issued estimates for CarMax’s Q1 2028 earnings at $1.31 EPS.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same period last year, the business earned $0.81 EPS. CarMax’s quarterly revenue was down 6.9% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Tuesday, October 14th. Stephens dropped their target price on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Benchmark reissued a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. Finally, Robert W. Baird reduced their price target on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $39.36.

CarMax Price Performance

Shares of KMX opened at $44.60 on Thursday. CarMax has a fifty-two week low of $30.26 and a fifty-two week high of $89.47. The firm’s 50-day simple moving average is $38.20 and its two-hundred day simple moving average is $50.28. The stock has a market cap of $6.32 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.29. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in CarMax during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax in the second quarter worth approximately $30,000. Center for Financial Planning Inc. purchased a new position in shares of CarMax during the third quarter valued at approximately $31,000. Advisory Services Network LLC bought a new position in CarMax during the third quarter valued at approximately $32,000. Finally, True Wealth Design LLC lifted its position in CarMax by 54.3% during the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock valued at $35,000 after purchasing an additional 319 shares during the period.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.