CarMax (KMX) Expected to Announce Quarterly Earnings on Wednesday

CarMax (NYSE:KMX) is anticipated to release its Q1 2027 results before the market opens on Wednesday, June 17th. Analysts expect CarMax to post earnings of $0.94 per share and revenue of $7.3873 billion for the quarter. Parties can find conference call details on the company’s upcoming Q1 2027 earning report page for the latest details on the call scheduled for Wednesday, June 17, 2026 at 8:00 AM ET.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect CarMax to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CarMax Price Performance

Shares of NYSE:KMX opened at $48.04 on Wednesday. CarMax has a 12 month low of $30.26 and a 12 month high of $71.99. The firm has a market capitalization of $6.81 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 1.21. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49. The company’s fifty day moving average price is $41.24 and its 200 day moving average price is $41.86.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Alberta Investment Management Corp acquired a new stake in shares of CarMax during the fourth quarter worth $4,326,000. Mercer Global Advisors Inc. ADV lifted its position in CarMax by 94.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 62,338 shares of the company’s stock valued at $2,409,000 after purchasing an additional 30,218 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in CarMax by 36.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 176,750 shares of the company’s stock valued at $6,830,000 after purchasing an additional 47,133 shares during the period. SPWM Advisors LLC acquired a new stake in shares of CarMax in the 4th quarter valued at approximately $556,000. Finally, SRS Investment Management LLC boosted its position in shares of CarMax by 1,717.5% during the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock worth $217,845,000 after purchasing an additional 5,327,603 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMX. Stephens boosted their target price on CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, April 2nd. Evercore set a $45.00 price target on CarMax in a research report on Friday, April 10th. UBS Group assumed coverage on CarMax in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Finally, Barclays cut their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $41.27.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.