What is Zacks Research’s Estimate for CarMax Q1 Earnings?

CarMax, Inc. (NYSE:KMX) – Equities researchers at Zacks Research reduced their Q1 2026 EPS estimates for shares of CarMax in a research note issued on Wednesday, February 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.25 per share for the quarter, down from their previous forecast of $1.28. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Zacks Research also issued estimates for CarMax’s Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $0.81 EPS, FY2026 earnings at $3.78 EPS, Q2 2027 earnings at $1.00 EPS, Q3 2027 earnings at $1.16 EPS and FY2027 earnings at $4.36 EPS.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS.

Several other brokerages have also commented on KMX. JPMorgan Chase & Co. lifted their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Needham & Company LLC increased their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Truist Financial lifted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.50.

CarMax Stock Down 0.0 %

KMX stock opened at $82.88 on Monday. The stock has a market cap of $12.75 billion, a P/E ratio of 28.09, a PEG ratio of 1.67 and a beta of 1.72. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax has a twelve month low of $65.83 and a twelve month high of $91.25. The company’s 50 day moving average is $83.32 and its two-hundred day moving average is $80.25.

Insider Buying and Selling at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KMX. Ameriflex Group Inc. acquired a new position in CarMax in the fourth quarter valued at $53,000. Ascent Group LLC grew its holdings in CarMax by 7.0% in the 4th quarter. Ascent Group LLC now owns 54,315 shares of the company’s stock valued at $4,441,000 after buying an additional 3,530 shares during the period. Forum Financial Management LP increased its stake in shares of CarMax by 15.2% during the 4th quarter. Forum Financial Management LP now owns 3,878 shares of the company’s stock valued at $317,000 after acquiring an additional 512 shares during the last quarter. WCG Wealth Advisors LLC lifted its holdings in shares of CarMax by 5.2% during the 4th quarter. WCG Wealth Advisors LLC now owns 46,793 shares of the company’s stock worth $3,826,000 after acquiring an additional 2,333 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of CarMax in the fourth quarter worth approximately $207,000.

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.