CarMax (KMX) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.65%. A quarter ago, it was expected that this used car dealership chain would post earnings of $0.86 per share when it actually produced earnings of $0.85, delivering a surprise of -1.16%.Over the last four quarters, the ...

CARMAX REPORTS THIRD QUARTER FISCAL YEAR 2025 RESULTS Achieved over 50% earnings growth driven by gains across the business Richmond, Va., December 19, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2024. (1) Third Quarter Highlights: • Retail used unit sales increased 5.4% and comparable store used unit sales increased 4.3%; wholesale units increased 6.3%. • Total gross profit of $677.6 million increased 10.6% driven by unit volumes and strong unit margin per ...

CarMax, Inc. KMX will release its third-quarter financial results, before the opening bell, on Thursday, Dec. 19.Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 61 cents per share, up from 52 cents per share in the year-ago period. CarMax projects quarterly revenue of $6.05 billion, compared to $6.15 billion a year earlier, according to data from Benzinga Pro.On Sept. 26, the company reported earnings per share of 85 cents, missing the analyst consensus estimate of 86 ce ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

In its upcoming report, CarMax (KMX) is predicted by Wall Street analysts to post quarterly earnings of $0.61 per share, reflecting an increase of 17.3% compared to the same period last year. Revenues are forecasted to be $5.99 billion, representing a year-over-year decrease of 2.6%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

CarMax (KMX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on December 19, 2024, might help the stock move higher if these key numbers are better than expe ...

RICHMOND, VA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Golden State Valkyries and CarMax (NYSE: KMX), the nation’s largest retailer of used cars, today announced CarMax as a Founding Partner of the team and the official used car retailer of the Valkyries. The partnership will be rooted in community impact, with a dedicated focus on Bay Area youth, and will bring fans closer to the team through exclusive behind-the-scenes content and special access moments throughout the year. “CarMax has a proven focus on crea ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...

CarMax Today KMX CarMax $77.29 -0.92 (-1.18%) 52-Week Range $59.66 ▼ $88.22 P/E Ratio 30.19 Price Target $78.92 Add to Watchlist Shares of CarMax Inc. NYSE: KMX jumped by over 15.3% in a single day following the company's latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars. This divergence drives stocks like CarMax into a potential profit cycle today. Similar trends can be seen in parts ...

Financial Performance - CarMax reported net sales and operating revenues of $7,013.5 million for the second quarter of fiscal 2025, a decrease of 0.9% compared to the same period in fiscal 2024[108]. - Gross profit for the second quarter was $760.5 million, reflecting a 9.1% increase year-over-year[108]. - For the first six months of fiscal 2025, total net sales and operating revenues decreased by 4.3% to $14,126.9 million compared to $14,760.9 million in the prior year[122]. - In the second quarter of fiscal 2025, used vehicle sales increased by 1.5% to $5,677.1 million, while wholesale vehicle sales decreased by 12.7% to $1,154.5 million[122]. - Other sales and revenues increased by 13.2% in the second quarter of fiscal 2025, driven by a 19.3% increase in extended protection plan revenues[135]. Vehicle Sales and Inventory - Used vehicle unit sales reached 211,020 in the second quarter, a 5.1% increase from the prior year[108]. - The company purchased approximately 300,000 vehicles in the second quarter, up 2.9% year-over-year, with over 70% self-sufficiency rate[116]. - Used vehicle unit sales increased by 5.1% in the second quarter of fiscal 2025, totaling 211,020 units sold[123]. - Average selling prices for used vehicles decreased by 4.6% to $26,245 in the second quarter of fiscal 2025, reflecting lower vehicle acquisition costs[125]. - Total inventory as of August 31, 2024, was $3.40 billion, a decrease of $280.3 million from the start of the fiscal year[168]. CarMax Auto Finance (CAF) - CarMax Auto Finance (CAF) income decreased by 14.4% to $115.6 million in the second quarter, with CAF financing 42.6% of retail used vehicle unit sales[104]. - The provision for loan losses was $112.6 million in Q2 of fiscal 2025, reflecting an increase of $52.2 million in lifetime loss estimates, nearly an 11% rise in loss expectations[161]. - The net penetration rate for CAF was 42.0% in Q2 of fiscal 2025, down from 42.8% in the prior year[158]. - CAF's managed portfolio aims for cumulative net losses in the 2% to 2.5% range over the life of the loans[150]. - CAF has expanded its asset-backed securitization program to include higher prime and non-prime issuances, enhancing funding capacity[153]. Store Expansion and Operations - The company opened two new stores and a standalone reconditioning center in Richland, Mississippi, with plans to open three additional stores and one auction facility by the end of the fiscal year[120]. - As of August 31, 2024, the company operated used car stores in 109 U.S. television markets, covering approximately 85% of the U.S. population[119]. - The company ended the second quarter of fiscal 2025 with 247 used car stores, an increase from 241 stores at the end of the same period in the previous year[130]. - The company maintains a multi-year pipeline of sites to support store and capacity growth, with 164 of 247 used car stores located on owned sites[171]. Cost Management and Efficiency - CarMax aims to achieve a mid-70% range for SG&A as a percentage of gross profit on an annual basis, requiring low-single-digit gross profit growth[117]. - The company is focused on enhancing logistics efficiency, expecting to drive savings of approximately $200 per retail unit over the next one to two years[115]. - SG&A expenses increased by $24.9 million, or 4.2%, in Q3 2025, primarily due to a $15.6 million rise in compensation and benefits[146]. Debt and Cash Flow - Total debt as of August 31, 2024, was $18.71 billion, with cash and cash equivalents at $524.67 million[173]. - Net cash used in investing activities totaled $215.5 million, slightly up from $211.8 million in fiscal 2024, with capital expenditures of $213.1 million compared to $210.2 million in the prior year[171]. - Net cash used in financing activities was $283.1 million, a decrease from net cash provided of $547.0 million in the prior year, influenced by net payments on long-term debt of $306.3 million and stock repurchases of $213.3 million[172]. Market Outlook and Risks - The company cautions that various factors, including changes in economic conditions and competitive landscape, could materially affect future results[181]. - There have been no material changes to market risk since February 29, 2024[183].