Revenue segments as reported by the company.

Used vehicle sales

Wholesale vehicle sales

Other sales and revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Finance Income

Selling, general, and administrative expenses

Depreciation and amortization

Interest expense

Other (income) expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

CarMax

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.

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CarMax Q1 2023: Sales Decline, Focus on Efficiency and Market Share

CarMax faces challenges in declining sales and customer conversion due to higher prices and affordability issues. However, the company is focused on leveraging expenses, delivering a customer-centric experience, and gaining market share. Despite the current environment, CarMax believes it is well positioned to emerge stronger and is investing in long-term capabilities.

CarMax (KMX) Q2 2023 Earnings: Sequential Improvement Amid Challenges

CarMax (KMX) reported a decline in total sales but demonstrated strengths in retail and wholesale GPU, customer-centric initiatives, and high self-sufficiency in sourcing inventory. The company faced challenges related to steep depreciation, limited vehicle availability, and pressure on compensation expenses. However, opportunities exist in increasing self-sufficiency, navigating supply challenges, and stabilizing depreciation.

CarMax (KMX) reports sequential improvements driven by omnichannel investments

CarMax (KMX) reports sequential year-over-year improvements in key business components, driven by omnichannel investments. While facing challenges related to inflationary pressures and bonus accruals, the company is focused on leveraging opportunities to improve efficiency and capitalize on increased customer traffic and market share growth.

CarMax adapts to industry challenges, eyes growth opportunities ahead

CarMax navigated challenges in the used auto industry by focusing on cost reductions, maintaining profitability, and adjusting strategies to market conditions.
Despite a decline in sales and earnings, the company remains committed to gaining profitable market share and enhancing operational efficiencies.
Opportunities lie in structural growth segments and market share expansion, while challenges persist in financial performance amid industry headwinds.

CarMax reports Q1 sales decline, focuses on affordability and growth

CarMax's Q1 performance reflected declines in sales and income, offset by improvements in service and cost efficiencies.
Despite challenges in CAF income and market dynamics, the company maintained strong credit approval rates and affordability focus.
Opportunities for growth include expanding used EV sales, optimizing merchandise mix, and leveraging AI technology for market share.
Overall, CarMax's strategic initiatives position it well to navigate challenges and capitalize on emerging opportunities in the automotive market.

CarMax reports resilient Q2 performance amidst challenges and growth opportunities

CarMax's Q2 performance showed resilience with sequential improvements in key metrics, reflecting operational strength and adaptability in a challenging environment.
While facing challenges such as decreased CAF income and affordability issues, CarMax's focus on efficiency, value maximization, and prudent risk management positions it well for future growth.
Opportunities lie in further enhancing inventory sourcing self-sufficiency, optimizing advertising strategies, and leveraging stabilized trends for sustained profitability and success.

CarMax reports Q3 growth amidst market challenges and expansion plans

CarMax's Q3 performance showcased improvements in key metrics, with a focus on efficiency and customer engagement through omnichannel investments.
While facing market challenges and fluctuating trends, the company remains agile in managing staffing levels and costs to drive profitability.
Opportunities lie in enhancing sales efficiency, expanding to new locations, and strategic advertising efforts to navigate market dynamics and drive growth.

CarMax reports solid Q4 performance amidst market challenges and opportunities

CarMax's Q4 performance showcased growth in used unit sales and operational improvements, despite challenges in net earnings and market dynamics.
The company's strengths in affordability focus, consumer demand alignment, and strategic tools position it for continued growth.
Challenges in lending standards, market share dynamics, and consumer sentiment require strategic responses for sustained success.
Opportunities in affordability enhancements, operational efficiency, and market expansion present avenues for future growth and performance optimization.

CarMax Q1 2025 Earnings: Sales Decline, Strategic Growth

CarMax's Q1 2025 earnings reflected a challenging quarter with declines in sales and earnings. However, strategic initiatives such as expanding sourcing capabilities, enhancing lending services, and focusing on electric vehicles provide a pathway for future growth. The company's strong financial management is evident in its share repurchases and debt repayment.

CarMax reports robust Q2 performance amidst industry challenges

CarMax's Q2 2025 performance showcased strong sales, margins, and cost efficiencies, despite challenges in CarMax Auto Finance income and increased SG&A expenses.
The company's strategic strengths lie in its consistent gross profit, omnichannel retail focus, and commitment to efficiency and stakeholder support.
While facing challenges in finance and expenses, CarMax has opportunities to drive growth through online sales, credit strategies, and operational efficiencies, positioning it for continued success.

CarMax (KMX) reports robust Q3 performance, eyes growth opportunities

CarMax (KMX) delivered a strong performance in Q3 2025, with notable gains in retail, wholesale, and CAF segments.
The company's focus on operational efficiencies, customer-centric initiatives, and financial strength positions it well for future growth.
While facing challenges such as consumer behavior shifts and market dynamics, CarMax remains optimistic about its prospects.
Strategic opportunities in leveraging technology, market trends, and operational strategies present avenues for continued success and expansion.

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Cost of revenue

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Operating income

EBITDA

Net income

Earnings per share

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Cash & equivalents

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Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

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Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

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Funds from operations

Change in working capital

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Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CarMax To Be The Official Used Car Retailer of the Golden State Valkyries CarMax To Be The Official Used Car Retailer of the Golden State Valkyries

GOLDEN STATE VALKYRIES ANNOUNCE CARMAX AS FOUNDING PARTNER

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.

Is CarMax (KMX) Stock Undervalued Right Now?

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the third quarter ended November 30, 2024 before the market opens on December 19, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing.

CarMax Announces Third Quarter Conference Call

Can Carmax thrive amid fierce competition and rising rates in today's volatile car market?

Navigating CarMax: Risks and Opportunities in a Competitive Market

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3 No-Brainer Stocks to Buy With $100 Right Now

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.

CarMax's Impressive Rally: What Investors Should Watch Next

CarMax lacks competitive advantages and has underperformed the market, with stagnant stock prices, while the S&P 500 gained 30% over the same period. CarMax's Q2 results showed mixed performance, with retail used unit sales up but overall revenue down 4.3% due to a strong decline in wholesale vehicles. KMX's margins and ROIC are significantly lower than its peers, indicating a weaker competitive position and capital allocation.

CarMax: Still Overvalued Relative To Peers

As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation's largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on Thursday (Sept.

CarMax Focuses on Seamless Customer Experience to Grow Loyalty

KMX fiscal second-quarter earnings miss the Zacks Consensus Estimate while revenues beat the same.

CarMax Q2 Earnings Miss Expectations, Revenues Decline Y/Y

CarMax Inc (NYSE:KMX) shares moved higher after the used car retailer posted mixed earnings for the second quarter. Its earnings per share (EPS) of $0.85 fell shy of estimates of $0.86, but marked an improvement from $0.75 in the year-ago period.

CarMax shares climb despite quarterly earnings miss

CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales.

CarMax Results Boosted by Improved Retail Unit Sales

Revenue came in at $7.01 billion, exceeding analysts' estimates by 2.6%. Earnings per share of $0.85 met analysts' consensus expectations.

CarMax Beats on Revenue, Meets on Earnings in Fiscal Q2

CarMax, Inc. (NYSE:KMX ) Q2 2025 Earnings Conference Call September 26, 2024 9:00 AM ET Company Participants David Lowenstein - 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 Seth Basham - Wedbush Securities Sharon Zackfia - William Blair John Murphy - Bank of America Brian Nagel - Oppenheimer Rajat Gupta - JP Morgan David Bellinger - Mizuho Craig Kennison - Baird Scot Ciccarelli - Truist Chris Pierce - Needham Ian Davis - BNP Paribas John Healy - North Coast Research David Whiston - Morningstar Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter Fiscal Year 2025, CarMax Earnings Release Conference Call.

CarMax, Inc. (KMX) Q2 2025 Earnings Call Transcript

Although the revenue and EPS for CarMax (KMX) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CarMax (KMX) Reports Q2 Earnings: What Key Metrics Have to Say

CarMax (KMX) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago.

CarMax (KMX) Lags Q2 Earnings Estimates

Concentrix Corporation 

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Concentrix Reports Weak Earnings, Joins CarMax And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Used car retailer CarMax missed Wall Street estimates for second-quarter profit on Thursday as price cuts on used vehicles boosted unit sales but kept margins depressed.

CarMax misses quarterly profit estimates as average price per vehicle dips

CarMax posts second-quarter sales of $7.01 billion, beating estimates of $6.83 billion but falling 0.9% from a year earlier.

CarMax Stock Falls After Sales Beat. Here's Why.

The used-car retailer's fiscal second-quarter sales topped estimates — but it was not enough to offset pressure on its car-loan business.

CarMax's stock slides 7% as auto loan-loss pressure offsets sales beat

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. Gross profit per retail used unit of $2,269 and gross profit per wholesale unit of $975, both in line with last year. Extended Protection Plan (EPP) margin growth of $69 per retail unit t.

CarMax Reports Second Quarter Fiscal Year 2025 Results

CarMax, Inc. KMX will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 26.

CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

RICHMOND, Virginia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- CarMax (NYSE: KMX) has been named to Fortune magazine's 2024 Fortune Best Workplaces in Retail™ list for the 10th consecutive year, ranking #6 in the large company category. Earning a spot on this prestigious list means that CarMax is one of the country's best companies to work for.

CarMax Earns Spot on Fortune's Best Workplaces in Retail List for the Tenth Consecutive Year

Beyond analysts' top -and-bottom-line estimates for CarMax (KMX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended August 2024.

Seeking Clues to CarMax (KMX) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

CarMax (KMX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CarMax (KMX) Earnings Expected to Grow: Should You Buy?

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing.

News for CarMax Stock (KMX)