最新ニュース CarMax (NYSE:KMX) 株価情報

CARMAX INC

CarMax

CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.

CarMax Inc

RBC Capital analyst Steven Shemesh maintained CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) <a href="https://www.benzinga.com/quote/KMX/analyst-ratings" target="_blank" rel="noreferrer noopener">with an Outperform</a> and raised the price target from $80 to $81 on Friday.
CarMax <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46025302/carmax-makes-the-most-of-booming-used-car-market-stock-soars" rel="noreferrer noopener">reported first-quarter</a> earnings per share of $1.38, beating the&nbsp;analyst consensus estimate of $1.21. Quarterly sales of $7.55 billion outpaced the analyst consensus estimate of $7.47 billion.
Also Read: <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46005513/carmax-analyst-backing-despite-rising-delinquencies-healthy-market-sourcing-strength" target="_blank" rel="noreferrer noopener">CarMax Loan Delinquencies Tick Higher In May, Signaling Renewed Credit Strain</a>
Retail used unit sales rose by 9.0%, while comparable store used unit sales grew by 8.1%. Wholesale unit sales also saw a modest increase of 1.2%.
CarMax posted better-than-feared results, with notable upside surprises on used unit comp and gross profit, Shemesh said.
The analyst was encouraged by momentum but remains somewhat cautious about the sustainability of the current comp trend, given macro uncertainty.
He said that retail used unit comp sales grew +8.1%, topping the consensus of +6.3%.
Management shared that each month of the quarter was positive, with April the strongest, Shemesh noted.
The analyst noted that strength was driven by a sequential improvement in category demand (in part due to tariff-related pull forward) and market share gains.
He noted that SG&amp;A as a percentage of gross profit levered ~680 bps to 73.8%, driven by ongoing cost management efforts, partially offset by an increase in compensation and benefits costs (related to unit volume growth).
Shemesh said this is the first quarter since the first quarter of 2024 that CarMax has delivered SG&amp;A as a proportion of gross profit below ~80%.
The analyst noted that CarMax repurchased $200 million of shares in the quarter, a sizable step up from the recent trend.
He said that, for context, CarMax repurchased $429 million and $94 million in 2024 and 2023, respectively.
As of May 31, the company has $1.74 billion left in repurchase authorization, Shemesh noted.
Management indicated that vehicles priced below $20,000 and above $40,000 were the biggest contributors to sales during the quarter, the analyst noted. Specifically, he highlighted that sales of their "Value Max" vehicles — which are older models — rose by 5 percentage points.
Among the stock negatives, CAF income declined 3.6% to $141.7, roughly in line with consensus of $143 million, due to an increase in loan loss provisions, as first-quarter typically requires larger provisions due to seasonally higher sales and lower credit quality period, loss performance, particularly from 2022 and 2023 vintages as well as an uncertain economic outlook and the continued build-out of full spectrum lending capabilities, Shemesh noted.
For 2025 and 2026, Shemesh modeled net sales growth of +1.9% and +3.9% (down from +2.6% and +5.3% prior) and adjusted EPS $3.88 and $4.52 (up from prior $3.66 and $4.31 prior).
Price Action: KMX stock is down 5.46% at $64.68 at last check Monday.
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Photo: Shutterstock

News

Price Target

Reiteration

Analyst Ratings

Trading Ideas

CarMax Beat Expectations, But Here's What Could Still Hold It Back

CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) reported better-than-expected first-quarter <a href="https://www.benzinga.com/quote/KMX/earnings">financial results on Friday</a>.
The Richmond, Virginia-based used car retailer registered earnings per share of $1.38, beating the analyst consensus estimate of $1.21. Quarterly sales of $7.55 billion outpaced the analyst consensus estimate of $7.47 billion.
In the quarter under review, the firm opened two new stand-alone reconditioning/auction centers. The centers are located in El Mirage, Arizona, supporting the Phoenix metro market, and Midlothian, Texas, supporting the Dallas metro market.
&#8220;We delivered our fourth consecutive quarter of positive retail comps and double-digit year-over-year earnings per share growth. These results highlight the strength of our earnings growth model, which is underpinned by our best-in-class omni-channel experience, the diversity of our business, and our sharp focus on execution,&#8221; said Bill Nash, president and chief executive officer. &#8220;Our associates, stores, technology and digital capabilities, all seamlessly tied together, enable us to provide the most customer-centric car buying and selling experience. This is a key differentiator in a very large and fragmented market that positions us to continue to drive sales, gain market share, and deliver significant year-over-year earnings growth for years to come.&#8221;
CarMax shares fell 4.8% to trade at $65.27 on Monday.
These analysts made changes to their price targets on CarMax following earnings announcement.
<ul class="wp-block-list">
<li>Truist Securities analyst Scot Ciccarelli maintained CarMax with a Hold and raised the price target from $72 to $74.</li>
<li>RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and raised the price target from $80 to $81.</li>
<li>Needham analyst Chris Pierce reiterated CarMax with a Buy and maintained a $92 price target.</li>
</ul>
Considering buying KMX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/kmx/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23122617/image-340-1024x572.png" alt="" class="wp-image-958445" style="width:610px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23122617/image-340-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23122617/image-340-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23122617/image-340-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/23122617/image-340.png 1122w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo via Shutterstock

Earnings

Markets

These Analysts Increase Their Forecasts On CarMax After Upbeat Q1 Results

Truist Securities analyst Scot Ciccarelli maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Hold and raises the price target from $72 to $74.

Truist Securities Maintains Hold on CarMax, Raises Price Target to $74

RBC Capital analyst Steven Shemesh maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Outperform and raises the price target from $80 to $81.

RBC Capital Maintains Outperform on CarMax, Raises Price Target to $81

Needham analyst Chris Pierce reiterates CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Buy and maintains $92 price target.

Needham Reiterates Buy on CarMax, Maintains $92 Price Target

U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Friday.
Shares of The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) rose sharply during Friday's session after the company reported <a href="https://www.benzinga.com/quote/KR/earnings">better-than-expected first-quarter adjusted EPS results.</a>
Kroger reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.46 per share. The company reported quarterly sales of $45.12 billion compared to the analyst consensus estimate of $45.19 billion.
Kroger shares climbed 7.1% to $70.11 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares jumped 35% to $25.41 following a robust first-quarter earnings report that showed significant revenue growth and a return to profitability.</li>
</ul>
<ul class="wp-block-list">
<li>Couchbase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) gained 30.9% to $24.78 as the company agreed to be acquired by Haveli Investments for $1.5 billion.</li>
<li>GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) rose 29% to $104.44 following a report suggesting Home Depot made an offer to acquire the company. QXO reportedly submitted an unsolicited offer to buy the company.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) gained 22.2% to $15.70.</li>
<li>Wheels Up Experience Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) surged 19.9% to $1.5350.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) gained 18.6% to $22.30 after gaining more than 16% on Wednesday.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) rose 18% to $14.86.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) gained 15.8% to $2.4909.</li>
<li>Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) rose 15.7% to $231.12 after Seaport Global initiated coverage on the stock with a Buy rating and announced a $235 price target.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 15.3% to $208.66. Centrus Energy secured $110 million DOE contract extension to produce HALEU through June 2026, with an option for 8 more years.</li>
<li>GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) gained 11.8% to $47.85. GXO announced Patrick Kelleher as Chief Executive Officer.</li>
<li>Metsera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSR#NASDAQ">MTSR</a>) rose 9.7% to $30.38. Wells Fargo analyst Cerena Chen initiated coverage on Metsera with an Overweight rating and announced a price target of $65.</li>
<li>Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) rose 9.6% to $6.76.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gained 8% to $47.88.</li>
<li>CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) rose 5% to $67.50 after the company reported better-than-expected first-quarter financial results. Also, the company reported an increase in quarterly retail used unit sales, comparable store used unit sales and wholesale units sales.</li>
</ul>
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Intraday Update

Movers

ASTS

BASE

CRCL

GRRR

LIMN

MTSR

OSCR

ZETA

Kroger Posts Better-Than-Expected Earnings, Joins Couchbase, CarMax And Other Big Stocks Moving Higher On Friday

CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) shares climbed on Friday after the used car giant delivered better-than-expected first-quarter earnings and revenue, driven by <a href="https://www.benzinga.com/pressreleases/25/06/b46022246/carmax-reports-first-quarter-fiscal-year-2026-results">strong retail sales and improved margins</a>.
The Richmond, Virginia-based used car retailer registered earnings per share of $1.38, beating the <a href="https://www.benzinga.com/earnings">analyst consensus estimate of $1.21</a>. Quarterly sales of $7.55 billion outpaced the analyst consensus estimate of $7.47 billion.
Retail used unit sales rose by 9.0%, while comparable store used unit sales grew by 8.1%. Wholesale unit sales also saw a modest increase of 1.2%.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46005513/carmax-analyst-backing-despite-rising-delinquencies-healthy-market-sourcing-strength" rel="noreferrer noopener">CarMax Loan Delinquencies Tick Higher In May, Signaling Renewed Credit Strain</a>
Combined retail and wholesale used vehicle unit sales were 379,727, an increase of 5.8% from the prior year&#8217;s first quarter.
Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Gross margin expanded to 11.8% from 11.1% in the year-ago period.
The company achieved a gross profit of $2,407 per retail used unit, up $60 per unit.
Gross profit per wholesale unit remained historically strong at $1,047, though it declined by $17 per unit.
The company purchased a total of 336,000 vehicles from consumers and dealers, marking a 7.2% increase. This included 288,000 vehicles bought from consumers, up 3.3%, and 48,000 acquired through dealers, up 38.4%.
CarMax Auto Finance income decreased 3.6% to $141.7 million as an increase in the provision for loan losses outweighed growth in CAF&#8217;s net interest margin percentage.
This quarter&#8217;s provision for loan losses was $101.7 million compared to $81.2 million in the prior year&#8217;s first quarter.
In the first quarter, the company repurchased 3.0 million shares for $199.8 million, with $1.74 billion remaining under its buyback authorization as of May 31, 2025.
In the quarter under review, the firm&nbsp;opened two new stand-alone reconditioning/auction centers. The centers are located in El Mirage, Arizona, supporting the Phoenix metro market, and Midlothian, Texas, supporting the Dallas metro market.
The company exited the quarter with cash and equivalents worth $262.819 million, compared with 246.960 million at the end of February 28.
Long-term debt (excluding the current portion) at the end of the quarter was $1.366 billion, contracting from $1.570 billion at the end of February 28.
PriceAction: KMX shares are trading higher by 10.27% to $71.23 premarket at last check Friday.
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Equities

General

CarMax Makes The Most Of Booming Used Car Market, Stock Soars

WIIM

CarMax shares are trading higher after the company reported better-than-expected Q1 financial results. Also, the company reported an increase in Q1 retail used unit sales, comparable store used unit sales and wholesale units sales.

<h3>Gainers</h3>
<ul>
<li>YSX Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YSXT#NASDAQ">YSXT</a>) shares moved upwards by 17.3% to $6.25 during Friday's pre-market session. The company's market cap stands at $124.9 million. </li>
<li>Mixed Martial Arts Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) stock rose 14.7% to $1.17. The market value of their outstanding shares is at $12.3 million. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock increased by 10.39% to $7.17. The market value of their outstanding shares is at $3.5 million. </li>
<li>CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) shares increased by 10.36% to $71.0. The market value of their outstanding shares is at $9.8 billion. The company's, Q1 earnings came out today. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) shares moved upwards by 10.0% to $9.02. The company's market cap stands at $141.3 million. </li>
<li>Carbon Revolution (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) shares increased by 8.18% to $2.38. The company's market cap stands at $4.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) stock declined by 12.8% to $9.49 during Friday's pre-market session. The company's market cap stands at $478.7 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) stock fell 9.57% to $12.2. The company's market cap stands at $689.5 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) stock declined by 5.72% to $0.31. The company's market cap stands at $1.8 million. </li>
<li>Wah Fu Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) stock declined by 5.31% to $1.32. The company's market cap stands at $6.1 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock declined by 4.6% to $0.81. The company's market cap stands at $12.3 million. </li>
<li>Springview Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPHL#NASDAQ">SPHL</a>) stock fell 4.49% to $0.5. The company's market cap stands at $6.0 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

CarMax Reported Q1 2026 Retail Used Unit Sales Increased 9.0% And Comparable Store Used Unit Sales Increased 8.1%; Wholesale Units Increased 1.2%.

CarMax Q1 2026 EPS $1.38 Beats $1.21 Estimate, Sales $7.55B Beat $7.47B Estimate

Editor&#8217;s Note: This story has been updated to reflect the accurate drop in the SWBI stock.
U.S. futures were trading lower on Friday after a day&#8217;s break on Thursday. Futures of major benchmark indices were trading lower.
Investors stayed on edge due to the continuing Iran-Israel conflict and the possibility of U.S. intervention, especially after the White House announced President Donald Trump would decide within <a href="https://www.benzinga.com/crypto/25/06/46018884/bitcoin-ethereum-dogecoin-rangebound-as-white-house-says-decision-on-iran-israel-conflict-in-two-weeks-analyst-says-this-is-the-right-combination-for-bullish-btc-momentum-to-retur">two weeks</a>.
Both the NYSE and Nasdaq were closed Thursday for <a href="https://www.benzinga.com/news/events/25/06/46010720/are-markets-open-on-juneteenth-this-year-heres-whats-open-and-whats-closed-on-june-19">Juneteenth</a> but will reopen Friday for regular trading. 
The 10-year Treasury bond yielded 4.40% and the two-year bond was at 3.94%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 91.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.23%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.23%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.20%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly lower in premarket on Friday. The SPY was down 0.49% at $594.51, while the QQQ declined 0.22% to $527.84, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Wednesday, most S&amp;P 500 sectors ended in the red, with energy, materials, and communication services stocks seeing the largest declines.
Conversely, information technology and utilities shares defied the broader market downturn, closing the session with gains.
U.S. stocks overall finished mixed, after the U.S. Federal Reserve l<a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">eft interest rates unchanged</a> at its recent meeting. 
Guild Holdings Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHLD#NYSE">GHLD</a>) shares surged over 25% after announcing a definitive agreement for acquisition by a fund managed by Bayview Asset Management.
Economically, U.S. initial jobless claims decreased by 5,000 to 245,000 in the week ending June 14, aligning with estimates. However, U.S. housing starts dropped 9.8% month-over-month to an adjusted annual rate of 1.256 million units in May.
The Dow Jones index ended 44 points or 0.10% lower at 42,171.66, whereas the S&amp;P 500 index fell 0.031% to 5,980.87. Nasdaq Composite advanced 0.13% to 19,546.27, and the small-cap gauge, Russell 2000, gained 0.52% to end at 2,112.96.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.13%</td>
<td>19,546.27</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.031%</td>
<td>5,980.87</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.10%</td>
<td>42,171.66</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.52%</td>
<td>2,112.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to the Senior Global Market Strategist at Wells Fargo, Scott Wren, &#8220;volatility creates opportunities,&#8221; especially when the outlook doesn't call for a recession and an accompanying contraction in earnings.
&#8220;When stocks are down because the economy is slowing, buying opportunities often result, particularly for longer-term investors whose goal is building wealth over time. Our view is that the U.S. economy and earnings growth are both going to slow down in coming quarters, but neither the economy nor earnings are going to actually contract.&#8221;
The U.S. usually leads the rest of the world into an economic slowdown or recession and then leads the world back out into a period of growth, he explained, adding that &#8220;We don't think this time will be different. Hard to time, yes, but different, likely not.&#8221;
Wren also suggests investors keep a couple of key points in mind for a summer that could see larger-than-usual market swings.
First, with the S&amp;P 500 Index nearing its year-end target, Wren believes now is the time to trim stock portfolios, not liquidate them. He favors reducing international equity holdings, U.S. small-cap equities, and cyclical equity sectors like Industrials and Materials.
Second, Wren anticipates that once &#8220;summer policy fireworks begin&#8221; and both equity and bond prices retreat, opportunities will emerge to deploy cash into markets and sectors with strong long-term growth prospects. His favorites for these additions include U.S. large- and mid-cap equities, along with large-cap sectors such as Information Technology, Communication Services, Energy, Financials, and Utilities.
Meanwhile, on the Fed&#8217;s Wednesday decision, Jamie Cox, the managing partner at Harris Financial Group, said, "The Fed continues to <a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">overplay the inflation story</a> and isn't paying attention to burgeoning demand weakness." &#8211;
Northlight Asset Management CIO, Chris Zaccarelli, on the other hand, explained that the Fed was waiting to see if tariffs increase inflation or the jobs market starts to falter, and whichever part of their dual mandate is impacted first will likely guide whichever direction they take, "although the bias is still toward cutting rates (or at least keeping rates unchanged; not raising rates)."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>June&#8217;s Philadelphia Fed manufacturing survey will be out by 8:30 a.m., and May&#8217;s U.S. leading economic indicators will be released by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) was up 2.16% in premarket on Friday as analysts expect it to report quarterly earnings of $3.32 per share on revenue of $17.30 billion, before the opening bell.</li>
<li>Carmax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) advanced 2.44% as analysts expect it to report quarterly earnings of $1.16 per share on revenue of $7.47 billion, before the opening bell.</li>
<li>Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) was down 1.68% as analysts expect it to report quarterly earnings of $2.97 per share on revenue of $3.26 billion, before the opening bell.</li>
<li>Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) gained 1.40% as analysts expect it to report quarterly earnings of $1.46 per share on revenue of $45.19 billion, before the opening bell.</li>
<li>APi Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) jumped 6.15% and United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) was 0.24% higher as the former will replace the latter in the S&amp;P MidCap 400 before the opening of trading on Tuesday, June 24.</li>
<li>Galaxy Digital Inc. (TSE: GLXY) surged 8.14% after the digital asset and AI infrastructure company announced a 29 million share offering last month to fund the continued expansion of high-performance computing infrastructure at its Helios data center campus in West Texas.</li>
<li>FuelCell Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) rose 3.29% on news of technical collaboration with NuScale Power to develop an integrated simulator for hydrogen production.</li>
<li>Smith &amp; Wesson Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) dropped 19.76% after reporting the fourth-quarter revenue of $140.8 million, missing analyst estimates of $152.41 million. The company reported adjusted earnings of 20 cents per share in the fourth quarter, missing estimates of 23 cents per share.</li>
<li>Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) jumped 14.41% after reporting first-quarter adjusted earnings of 23 cents, improved from a loss of $1.47 per share in the prior year's quarter.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.54% to hover around $73.90 per barrel.
Gold Spot US Dollar fell 0.50% to hover around $3,353.57 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.33% at the 98.5780 level.
Asian markets ended on a mixed note on Friday as Australia's ASX 200 and Japan's Nikkei 225 indices fell. While China&#8217;s CSI 300, South Korea's Kospi, Hong Kong's Hang Seng, and India's S&amp;P BSE Sensex indices advanced. European markets were mostly higher in early trade.
Read Next:
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Photo courtesy: godongphoto / Shutterstock.com

FCEL

GHLD

GLXY

US Stocks Likely To Open Lower Amid Iran-Israel Conflict: Accenture, Kroger Stocks In Focus Ahead Of Earnings (Corrected)

<h3>Companies Reporting Before The Bell</h3>
• Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is expected to report quarterly earnings at $2.97 per share on revenue of $3.26 billion. 
• CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $1.17 per share on revenue of $7.53 billion. 
• Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is estimated to report quarterly earnings at $3.32 per share on revenue of $17.32 billion. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $1.46 per share on revenue of $45.31 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For June 20, 2025

The CNN Money Fear and Greed index was in the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the Dow Jones index falling around 0.1% during the session as traders weighed geopolitical uncertainty and awaited the Federal Reserve&#8217;s June policy decision. President Donald Trump declined to offer a clear response on whether the U.S. would directly intervene in the escalating Israel-Iran conflict.
The US Federal Reserve left interest rates unchanged at its recent meeting.
Guild Holdings Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHLD#NASDAQ">GHLD</a>) shares jumped over 25% on Wednesday after the company announced that it signed a definitive agreement under which a fund managed by Bayview Asset Management will acquire all of the outstanding shares.
On the economic front, U.S. initial jobless claims fell by 5,000 from the previous week to 245,000 in the week ending June 14, in line with market estimates. U.S. housing starts fell by 9.8% month-over-month to an adjusted annual rate of 1.256 million units in May.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, materials and communication services stocks recording the biggest losses on Wednesday. However, information technology and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by over 44 points to 42,171.66 on Wednesday. The S&amp;P 500 fell 0.03% to 5,980.87, while the Nasdaq Composite gained 0.13% at 19,546.27 during Wednesday's session.
Investors are awaiting earnings results from Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) and The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 53.5, the index was in the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 61.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
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</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Dow Edges Lower As Fed Keeps Rates Unchanged: Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to report quarterly earnings at $3.32 per share on revenue of $17.30 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Accenture shares gained 0.7% to $308.49 in after-hours trading.</li>
<li>Analysts are expecting CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) to post earnings at $1.16 per share on revenue of $7.47 billion for the latest quarter. The company will release earnings before the markets open. CarMax shares rose 1% to $65.00 in the after-hours trading session.</li>
<li>APi Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) will replace United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) in the S&amp;P MidCap 400 before the opening of trading on Tuesday, June 24. APi Group shares jumped 6.2% to $51.96 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Before the markets open, Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is projected to report quarterly earnings at $2.97 per share on revenue of $3.26 billion. Darden shares slipped 0.1% to $222.50 in the after-hours trading session.</li>
<li>Analysts expect The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) to post quarterly earnings at $1.46 per share on revenue of $45.19 billion before the opening bell. Kroger shares fell 0.1% to $65.48 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45993572/top-2-industrials-stocks-that-may-fall-off-a-cliff-in-q2">Top 2 Industrials Stocks That May Fall Off A Cliff In Q2</a> </li>
</ul>
Photo via Shutterstock

Accenture, Kroger And 3 Stocks To Watch Heading Into Friday

CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is gearing up to announce its quarterly earnings on Friday, 2025-06-20. Here's a quick overview of what investors should know before the release.
Analysts are estimating that CarMax will report an earnings per share (EPS) of $1.17.
Anticipation surrounds CarMax's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
The company's EPS missed by $0.02 in the last quarter, leading to a 2.87% increase in the share price on the following day.
Here's a look at CarMax's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2025</th>
<th>Q3 2025</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.66</td>
<td>0.61</td>
<td>0.86</td>
<td>0.94</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.64</td>
<td>0.81</td>
<td>0.85</td>
<td>0.97</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1750341636_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of CarMax were trading at $64.43 as of June 17. Over the last 52-week period, shares are down 10.19%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<h3>Analyst Opinions on CarMax</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CarMax.
A total of 11 analyst ratings have been received for CarMax, with the consensus rating being Outperform. The average one-year price target stands at $87.36, suggesting a potential 35.59% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Penske Automotive Group, Lithia Motors and Murphy USA, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for Penske Automotive Group, with an average 1-year price target of $167.5, suggesting a potential 159.97% upside.</li>
<li>Analysts currently favor an Buy trajectory for Lithia Motors, with an average 1-year price target of $361.71, suggesting a potential 461.4% upside.</li>
<li>Analysts currently favor an Outperform trajectory for Murphy USA, with an average 1-year price target of $516.67, suggesting a potential 701.91% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary presents essential metrics for Penske Automotive Group, Lithia Motors and Murphy USA, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>CarMax</td>
<td>Outperform</td>
<td>6.69%</td>
<td>$667.89M</td>
<td>1.44%</td>
</tr>
<tr>
<td>Penske Automotive Group</td>
<td>Buy</td>
<td>2.10%</td>
<td>$1.27B</td>
<td>4.61%</td>
</tr>
<tr>
<td>Lithia Motors</td>
<td>Buy</td>
<td>7.20%</td>
<td>$1.41B</td>
<td>3.12%</td>
</tr>
<tr>
<td>Murphy USA</td>
<td>Outperform</td>
<td>-6.57%</td>
<td>$483.60M</td>
<td>6.82%</td>
</tr>
</tbody>
</table>

Key Takeaway:
CarMax ranks first in revenue growth among its peers. It has the highest gross profit margin. CarMax has the lowest return on equity compared to its peers.
<h3>About CarMax</h3>
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.
<h3>Key Indicators: CarMax's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, CarMax showcased positive performance, achieving a revenue growth rate of 6.69% as of 28 February, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CarMax's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.44% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): CarMax's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.33% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: CarMax's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 3.08.
<a href="https://www.benzinga.com/quote/KMX/earnings">To track all earnings releases for CarMax visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: CarMax's Earnings Preview

After two months of relative stability, new data from CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) Auto Finance (CAF) shows a renewed uptick in loan delinquencies and net losses, raising concerns about credit quality across the <a href="https://www.benzinga.com/topic/auto-loans">used auto lender's portfolio</a>.
Wedbush analyst Scott Devitt reiterated CarMax <a href="https://www.benzinga.com/quote/KMX/analyst-ratings" target="_blank" rel="noreferrer noopener">with an Outperform</a> and $90 price target on Wednesday.
On Monday, CAF reported securitization trust data for May, Devitt noted.
The analyst noted that after two relatively encouraging months, the data resumed weaker trends that were observed earlier in the year.
Also Read: <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45953388/carmax-faces-acute-shortage-problem-and-it-might-last-through-2025" target="_blank" rel="noreferrer noopener">CarMax Faces &#8216;Acute&#8217; Shortage Problem, And It Might Last Through 2025</a>
He noted that, broadly, results were less favorable on a sequential basis compared to April but also worsened year over year.
May's delinquency and loss rates accelerated more sharply than typical seasonal trends, with newer securitizations performing no better—and in some cases worse—than older vintages. 
Devitt warns that sustained weakness in credit performance could weigh on future loan loss provisions, particularly as the company leans deeper into lower-tier borrowers to maintain interest margins. The analyst noted that the data showed renewed deterioration, including a sharp jump in the combined delinquency and extension rate and an accelerated rate of increase in the cumulative net loss rate.
While newer securitization vintages benefit from tighter credit standards and should be performing better than older ones, Devitt noted that for the most recent prime securitization, the delinquency rate is already trending in line to higher than older vintages.
Devitt will continue to monitor the potential impact of sustained weaker trends on loan loss provisions. He also pointed to his near-term estimates, which already assume an increasing percentage of loan loss provisions as the company leans deeper into Tier 2 and Tier 3 credit to drive interest margins further.
Based on his calculations, the portfolio-level delinquency rate (excluding the new 2025-A non-prime for comparability) increased +36bps sequentially, worse than the historical seasonal average of +18bps. In contrast, the cumulative loss rate increased +8bps versus a +1bps historical seasonal average increase.
Devitt said that on a Y/Y basis, the portfolio-level delinquency rate increased by +16bps, trending less favorably versus the trailing three-month trend of -2bps. The analyst noted that the cumulative net loss rate increased by +52bps Y/Y, consistent with the trailing three-month trend of +48bps.
Recent supply/demand dynamics have promoted healthy gross profit margins for scaled retailers. While trends have mostly started to normalize following a pull-forward of demand early this year, the used auto market remains healthy, per his discussion with Jonathan Smoke, Chief Economist at Cox Automotive, last week.
Devitt noted that CarMax has been able to sustain robust sourcing methods and integrated credit capabilities, supporting healthy performance despite an uncertain macro backdrop and a range of potential outcomes this year. Additionally, CarMax trends have outperformed recent reports of used car comps by publicly traded franchised dealers.
Devitt projected first-quarter revenue of $7.67 billion and earnings per share of $1.23.
Price Action: KMX stock is down 0.03% at $64.41 at last check Wednesday.
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</ul>
Image: Shutterstock

CarMax Loan Delinquencies Tick Higher In May, Signaling Renewed Credit Strain

11 analysts have expressed a variety of opinions on CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $87.36, a high estimate of $100.00, and a low estimate of $65.00. Highlighting a 5.41% decrease, the current average has fallen from the previous average price target of $92.36. 
<img src="https://www.benzinga.com/files/images/story/2025/1750269658_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of CarMax's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Michael Montani</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$84.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Chris Pierce</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$92.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$65.00</td>
<td>$72.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to CarMax. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of CarMax compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for CarMax's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into CarMax's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KMX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on CarMax analyst ratings.</a>
<h2>Discovering CarMax: A Closer Look</h2>
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.
<h3>Breaking Down CarMax's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3M period, CarMax showcased positive performance, achieving a revenue growth rate of 6.69% as of 28 February, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CarMax's ROE excels beyond industry benchmarks, reaching 1.44%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): CarMax's ROA excels beyond industry benchmarks, reaching 0.33%. This signifies efficient management of assets and strong financial health.
Debt Management: CarMax's debt-to-equity ratio is below the industry average at 3.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down CarMax: 11 Analysts Share Their Views

CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) will release its first-quarter financial results before the opening bell on Friday, June 20.
Analysts expect the Richmond, Virginia-based company to report quarterly earnings at $1.17 per share, up from 97 cents per share in the year-ago period. CarMax projects quarterly revenue of $7.53 billion, compared to $7.11 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 10, CarMax posted weaker-than-expected earnings for the fourth quarter.
CarMax shares fell 2.2% to close at $64.43 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/kmx/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Wedbush analyst Scott Devitt reiterated an Outperform rating with a price target of $90 on May 19, 2025. This analyst has an accuracy rate of 82%.</li>
<li>RBC Capital analyst Steven Shemesh maintained an Outperform rating and cut the price target from $103 to $80 on April 11, 2025. This analyst has an accuracy rate of 62%.</li>
<li>JP Morgan analyst Rajat Gupta maintained an Underweight rating and slashed the price target from $72 to $65 on March 27, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $72 to $88 on Dec. 20, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Oppenheimer analyst Brian Nagel maintained an Outperform rating with a price target of $105 on Oct. 4, 2024. This analyst has an accuracy rate of 67%</li>
</ul>
Considering buying KMX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/kmx/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18031637/image-273-1024x581.png" alt="" class="wp-image-953407" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18031637/image-273-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18031637/image-273-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18031637/image-273-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18031637/image-273.png 1122w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next:
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<li> <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45970767/top-3-health-care-stocks-that-are-ticking-portfolio-bombs">Top 3 Health Care Stocks That Are Ticking Portfolio Bombs</a> </li>
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Photo via Shutterstock

Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q1 Earnings

Wedbush analyst Scott Devitt reiterates CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Outperform and maintains $90 price target.

Wedbush Reiterates Outperform on CarMax, Maintains $90 Price Target

Press Releases

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kyndryl Holdings, Inc. - KD

CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarMax, Inc. - KMX

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarMax, Inc.  - KMX

Legal

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims  On Behalf of Investors of CarMax, Inc. - KMX

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims  On Behalf of Investors of Kyndryl Holdings, Inc. - KD

CarMax Announces First Quarter Conference Call and Annual Meeting Information

CarMax Announces Tools, Resources and Incentives to Enhance Used EV Buying Experience

CarMax Reports First Quarter Fiscal Year 2026 Results

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