Seaport Res Ptn Forecasts CarMax FY2025 Earnings

CarMax, Inc. (NYSE:KMX) – Research analysts at Seaport Res Ptn issued their FY2025 earnings per share estimates for shares of CarMax in a research report issued on Tuesday, April 8th. Seaport Res Ptn analyst G. Chin expects that the company will earn $3.26 per share for the year. The consensus estimate for CarMax’s current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for CarMax’s Q4 2025 earnings at $0.64 EPS and FY2026 earnings at $3.82 EPS.

KMX has been the topic of a number of other reports. StockNews.com downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday. Needham & Company LLC cut their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a report on Friday. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada reduced their price target on CarMax from $103.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Truist Financial upped 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, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.73.

CarMax Trading Up 3.1 %

Shares of KMX opened at $68.53 on Friday. The stock’s fifty day simple moving average is $78.61 and its 200-day simple moving average is $79.16. The firm has a market capitalization of $10.54 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax has a 12-month low of $63.23 and a 12-month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lakewood Asset Management LLC increased its position in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC increased its position in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB boosted its position in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after acquiring an additional 141 shares during the last quarter. Timber Creek Capital Management LLC grew its holdings in CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after acquiring an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC raised its position in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after acquiring an additional 164 shares in the last quarter.

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,878 shares of company stock valued at $1,872,699. 1.66% of the stock is owned by insiders.

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.