Core Insights - CarMax is focusing on omnichannel initiatives to enhance long-term efficiencies, with its online appraisal tool driving vehicle purchases and contributing to double-digit growth in web traffic [1] - The company has a competitive advantage due to its extensive nationwide footprint and logistics network, supported by strategic buyouts and collaborations that enhance its digital capabilities [2][3] Omnichannel Initiatives - The MaxOffer feature, which provides fully digital instant offers, is expected to increase transaction volumes over time [1] - Data science, automation, and AI are being leveraged to improve efficiency and effectiveness in customer experience centers, likely leading to positive outcomes [1] Strategic Developments - The acquisition of Edmunds has strengthened CarMax's position in the used auto market, enhancing its technology expertise [3] - Collaboration with Recurrent offers unique insights into used EV batteries, reinforcing CarMax's leadership in the used EV sales sector [3] Expansion Plans - In fiscal 2025, CarMax plans to open five new stores, including smaller cross-functional locations, and launch a second reconditioning facility in Mississippi [7] - The company also plans to establish multiple offsite reconditioning and auction locations in fiscal 2026, further expanding its operational capabilities [7] Share Repurchase Program - CarMax repurchased $114.8 million in shares during the third quarter of fiscal 2025, with a total of 4.3 million shares bought back in the first three quarters [8] - At the end of the third quarter of fiscal 2025, CarMax had $2.04 billion remaining in its share repurchase authorization [8]

CarMax, Inc. (NYSE: KMX ), the well-established used car retailer, reported its fiscal Q3 results on the 19 th of December. The report showed signs of improvement in the previously slowing industry, as gradually improving consumerI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers ...

CarMax TodayKMXCarMax$84.27 +0.04 (+0.05%) 52-Week Range$65.83▼$91.25P/E Ratio31.68Price Target$85.17Add to WatchlistCarMax NYSE: KMX has headwinds in 2204 but is navigating difficult times well, selling more cars than expected and sustaining a solid margin. The company isn’t thriving but is growing and building leverage for when economic headwinds ease. Between then and now, the company can execute its plans while buying back shares, and the buybacks are significant. Activity in Q3 topped $114 million and ...

Shares of CarMax (NYSE: KMX ) have been a moderate performer over the past year, gaining 10% as it has faced manageable credit losses but weakening used car prices. Shares reacted positively on Thursday to the company’s quarterlyOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’ ...

Today, we revisit CarMax, Inc. (NYSE: KMX ). We had suggested a buy sub-$70 a few months ago when the stock got nailed following Q4 earnings . In June, when the stock was in the low $70s,Missed those gains? Come get moreWin with our playbook to advance your savings and retirement timeline by embracing a blended trading and investing approach at our one-stop shop.We activated our HOLIDAY deal before prices rise January 1st. ACT NOW and you can lock in our best price in years. Join Seeking Alpha's premier ser ...

While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit sales, company officials attributed this growth to strong execution across its business model, led by its omnichannel strategy.This strategy has become a key differentiator, according to CEO Bill Nash. CarMax uses advanced technology to improve car images, reviews and details, providing targeted content based on individual customer preferences. It also a ...

CarMax Inc. (KMX) reported third-quarter fiscal 2025 (ended Nov. 30, 2024) adjusted earnings per share of 81 cents, which beat the Zacks Consensus Estimate of 62 cents. The bottom line also rose from 52 cents per share recorded in the year-ago period. The auto retailer registered revenues of $6.22 billion in the quarter under review, which surpassed the Zacks Consensus Estimate of $5.99 billion. The top line also rose 1.2% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calend ...

CarMax, Inc. (NYSE:KMX) Q3 2025 Earnings Conference Call December 19, 2024 9:00 AM ET Company Participants David Lowenstein - Assistant Vice President, Investor Relations Bill Nash - President and Chief Executive Officer Enrique Mayor-Mora - Executive Vice President and Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Brian Nagel - Oppenheimer Sharon Zackfia - William Blair John Murphy - Bank of America Seth Basham - Wedbush Securities ...

Key TakeawaysCarMax reported better-than-expected third-quarter results as lower prices helped boost demand.Retail unit sales gained 5.4% year-over-year, and wholesale sales grew 6.3%.CEO Bill Nash said used vehicle valuations have become more stable. CarMax (KMX) shares jumped Thursday when the biggest U.S. used car retailer reported its first quarterly sales increase in two years as lower prices brought out buyers.  CarMax posted a 1.2% year-over-year gain in third-quarter revenue to $6.22 billion, and ea ...

For the quarter ended November 2024, CarMax (KMX) reported revenue of $6.22 billion, up 1.2% over the same period last year. EPS came in at $0.81, compared to $0.52 in the year-ago quarter.The reported revenue represents a surprise of +3.89% over the Zacks Consensus Estimate of $5.99 billion. With the consensus EPS estimate being $0.62, the EPS surprise was +30.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...