Seaport Global has downgraded Carmax Inc (KMX) to Neutral from Buy, effective September 28, 2025. The current price stands at $34.99.
This downgrade suggests increased caution regarding Carmax's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could impact performance.
Carmax, headquartered in Richmond, Virginia, is a holding company engaged in the retail of used vehicles and wholesale vehicle auctions. It operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The company has a market cap of $5.1 billion and a P/E ratio of 9.85, with an EPS of 3.40.
Upcoming earnings are scheduled for June 18, 2026, with an EPS estimate of $1.15 and revenue estimate of $7.4 billion.
Analyst ratings serve as professional opinions based on research and financial models. While useful, they reflect assumptions that may not materialize as expected. Investment decisions should consider various factors, including company fundamentals and industry trends, rather than relying solely on analyst views.
Recent analyst actions include a maintenance of Overweight from Stephens & Co. and Hold from Truist Securities, among others. As of November 1, 2025, the consensus rating for Carmax remains a Buy, with 3 Strong Buy, 7 Buy, 12 Hold, 1 Sell, and no Strong Sell ratings.