CarMax (NYSE:KMX) Updates 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 guidance of 0.180-0.360 for the period, compared to the consensus earnings per share estimate of 0.710. The company issued revenue guidance of -.

CarMax Price Performance

KMX stock traded down $10.13 during trading on Thursday, reaching $30.68. The company’s stock had a trading volume of 28,900,582 shares, compared to its average volume of 3,529,534. CarMax has a 1 year low of $30.26 and a 1 year high of $91.25. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $4.51 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. The company’s fifty day moving average is $49.75 and its 200-day moving average is $58.87.

CarMax (NYSE:KMX) last issued 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). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts expect that CarMax will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Evercore ISI reaffirmed a “reduce” rating and set a $35.00 price target on shares of CarMax in a research note on Thursday. Royal Bank Of Canada decreased their price target on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Zacks Research downgraded shares of CarMax from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Finally, William Blair downgraded shares of CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, CarMax has an average rating of “Hold” and a consensus price target of $48.67.

Hedge Funds Weigh In On CarMax

A number of large investors have recently bought and sold shares of KMX. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after buying an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the last quarter. Ossiam boosted its holdings in CarMax by 19.5% in the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in CarMax by 0.6% in the second quarter. Treasurer of the State of North Carolina now owns 71,217 shares of the company’s stock valued at $4,786,000 after purchasing an additional 406 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in CarMax in the second quarter valued at $28,000.

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.