Evercore ISI Group has downgraded Carmax Inc (KMX) to In-Line from Outperform, reflecting a more cautious outlook on the company's performance. The action, taken on September 25, 2025, comes as Carmax faces potential competitive pressures and market challenges that could impact its operations.
Headquartered in Richmond, Virginia, CarMax, Inc. is a leading retailer of used vehicles. The company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Sales Operations segment encompasses all aspects of auto merchandising and service, while the CAF segment provides financing options for customers purchasing retail vehicles. Carmax currently employs 30,048 full-time workers and has a market capitalization of $5.1 billion.
As of now, Carmax's stock trades at $34.99, with a trailing P/E ratio of 9.85 and an EPS of 3.40. Upcoming earnings reports are scheduled for April 8, 2026, and June 18, 2026, with estimated EPS of $0.39 and $1.15, respectively.
Analyst ratings serve as a snapshot of professional opinions based on extensive research. While they can provide valuable insights, it’s essential for investors to consider a range of factors, including company fundamentals and market conditions, when making decisions. Analyst views should be one of many inputs in the investment process, as they can change in response to new information.