CarMax (NYSE:KMX) Issues Q3 2026 Earnings Guidance

CarMax (NYSE:KMX) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.180-0.360 for the period, compared to the consensus estimate of 0.710. The company issued revenue guidance of -.

CarMax Price Performance

Shares of KMX stock opened at $35.20 on Thursday. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. The company has a market capitalization of $5.17 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. The firm’s 50-day moving average is $50.37 and its two-hundred day moving average is $59.07. CarMax has a 12 month low of $36.25 and a 12 month high of $91.25.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts predict that CarMax will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of research analyst reports. Evercore ISI restated an “in-line” rating and issued a $52.00 target price (down previously from $80.00) on shares of CarMax in a research report on Friday, September 26th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $65.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, September 26th. Truist Financial lowered their target price on shares of CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, Needham & Company LLC dropped their price target on shares of CarMax from $92.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.75.

Hedge Funds Weigh In On CarMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. Thrivent Financial for Lutherans boosted its position in shares of CarMax by 202.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 26,230 shares of the company’s stock worth $1,762,000 after acquiring an additional 17,548 shares in the last quarter. State of Wyoming purchased a new stake in CarMax during the second quarter worth approximately $196,000. Geneos Wealth Management Inc. boosted its holdings in CarMax by 12.7% in the second quarter. Geneos Wealth Management Inc. now owns 18,660 shares of the company’s stock valued at $1,254,000 after purchasing an additional 2,100 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in CarMax in the second quarter valued at approximately $28,000. Finally, Public Sector Pension Investment Board increased its stake in CarMax by 48.8% in the second quarter. Public Sector Pension Investment Board now owns 31,385 shares of the company’s stock valued at $2,109,000 after purchasing an additional 10,295 shares during the last quarter.

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.