William Blair Analysts Boost Earnings Estimates for CarMax, Inc. (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) – Investment analysts at William Blair increased their Q4 2024 earnings estimates for CarMax in a research note issued to investors on Thursday, March 21st. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.41. The consensus estimate for CarMax’s current full-year earnings is $2.88 per share. William Blair also issued estimates for CarMax’s Q3 2025 earnings at $0.81 EPS and FY2025 earnings at $3.58 EPS.

Other research analysts have also recently issued reports about the stock. Truist Financial increased their price target on shares of CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Needham & Company LLC raised CarMax from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Wednesday, March 20th. JPMorgan Chase & Co. reduced their price target on CarMax from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Wednesday, November 29th. Royal Bank of Canada increased their price objective on CarMax from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $80.42.

CarMax Stock Performance

NYSE KMX opened at $85.75 on Monday. The stock has a market cap of $13.54 billion, a PE ratio of 27.22, a P/E/G ratio of 1.30 and a beta of 1.61. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.71 and a current ratio of 2.45. The firm has a 50-day moving average of $75.78 and a 200-day moving average of $71.97. CarMax has a 52-week low of $57.50 and a 52-week high of $87.50.

Insider Activity at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. Insiders sold a total of 38,929 shares of company stock valued at $2,740,901 over the last quarter. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP lifted its stake in CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 289 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of CarMax during the 1st quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV grew its position in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares during the last quarter.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.