CarMax (KMX) to Release Earnings on Thursday

CarMax (NYSE:KMX) is projected to post its Q3 2026 results before the market opens on Thursday, December 18th. Analysts expect CarMax to post earnings of $0.50 per share and revenue of $5.6644 billion for the quarter. Parties can check the company’s upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Thursday, December 18, 2025 at 9:00 AM ET.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, analysts expect CarMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CarMax Stock Up 5.5%

Shares of CarMax stock opened at $41.18 on Thursday. CarMax has a twelve month low of $30.26 and a twelve month high of $91.25. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.90 and a beta of 1.29. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. The company has a fifty day moving average price of $39.91 and a 200 day moving average price of $53.87.

Institutional Investors Weigh In On CarMax

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares during the period. Ossiam grew its position in shares of CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after buying an additional 280 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of CarMax by 13.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,573 shares of the company’s stock valued at $115,000 after buying an additional 309 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted 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 worth $4,786,000 after acquiring an additional 406 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMX. Seaport Res Ptn downgraded CarMax from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $34.00 target price (down from $59.00) on shares of CarMax in a research note on Friday, November 7th. Mizuho lowered their price target on shares of CarMax from $78.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Truist Financial dropped their price target on shares of CarMax from $47.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, Robert W. Baird decreased their price objective on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, CarMax presently has an average rating of “Reduce” and a consensus price target of $41.69.

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.