CarMax (NYSE:KMX) Stock Rating Reaffirmed by Wedbush

CarMax (NYSE:KMX)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $90.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 25.87% from the company’s current price. Wedbush also issued estimates for CarMax’s Q1 2025 earnings at $1.04 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $3.42 EPS, Q1 2026 earnings at $1.27 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $3.80 EPS and FY2027 earnings at $4.68 EPS.

KMX has been the subject of several other reports. JPMorgan Chase & Co. decreased their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Monday, April 22nd. Needham & Company LLC reduced their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Evercore ISI dropped their price objective on CarMax from $72.00 to $68.00 and set an “in-line” rating on the stock in a research note on Thursday, June 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, CarMax has an average rating of “Hold” and a consensus target price of $76.17.

CarMax Stock Down 0.3 %

NYSE KMX opened at $71.50 on Tuesday. CarMax has a 52 week low of $59.66 and a 52 week high of $88.22. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.39 and a beta of 1.69. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The company has a fifty day moving average of $70.41 and a two-hundred day moving average of $73.77.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that CarMax will post 3.1 earnings per share for the current year.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently added to or reduced their stakes in KMX. Vanguard Group Inc. raised its stake in CarMax by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock worth $1,387,222,000 after acquiring an additional 222,132 shares during the last quarter. Norges Bank acquired a new position in CarMax in the 4th quarter worth approximately $288,278,000. Invesco Ltd. raised its position in CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after buying an additional 88,488 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in shares of CarMax by 95.4% in the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after acquiring an additional 1,326,840 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of CarMax by 3.1% in the fourth quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock worth $179,928,000 after acquiring an additional 69,409 shares during the period.

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.