CarMax Plans Nearly 5-Acre Expansion Along Madison Avenue In Murrieta
MURRIETA, CA — CarMax Inc. in Murrieta is set to grow. The giant national used vehicle retailer plans to expand its site at 25560 Madison Avenue by nearly 5 acres. During the Jan. 22 Murrieta Planning Commission meeting, the commissioners gave a unanimous green light to the proposal. The existing 46-acre CarMax site is situated between Interstate 15 and Madison Avenue. Three vacant land parcels, totaling 4.62 acres, along Madison Avenue, are where CarMax plans to build out. According to company representatives, the new construction area will mainly house vehicle inventory. In 2015, the initial CarMax project was approved under the state's required environmental review process. As such, the city did not require additional environmental review for the new expansion. The entire area is zoned for commercial use. Murrieta Tire and Auto plans to open a new 4,995-square-foot shop next to the expansion area. Read more here. According to CarMax, the expansion is "designed to increase operational efficiency, improve traffic flow, and optimize customer and employee parking for the existing location." Construction will not alter CarMax's existing operations, according to the company. The city requires extensive landscaping and walls measuring up to 7 feet 6 inches in height around the expansion area. A CarMax spokesperson said the expansion is expected to begin as soon as possible and could wrap up by year's end. There were no public comments for or against the expansion proposal. Last month, Richmond, Va.-headquartered CarMax reported its third quarter fiscal year 2025 results. Combined retail and wholesale used vehicle unit sales were 320,256, an increase of 5.8% from 2023's third quarter. Total retail used vehicle unit sales increased 5.4% to 184,243 compared to the prior year’s third quarter. CarMax's stock closed Monday at 84.53, up $1.80 or 2.18%.
CarMax is Firing on All Pistons as Growth Returns
When it comes to used cars in the United States, CarMax Inc. NYSE: KMX stands out as the largest used car dealership. The auto/tires/trucks sector giant operates more than 245 physical dealerships in the country, and it popularized the concept of a “no-haggle” pricing policy for buying used cars.
Why Fast-paced Mover CarMax (KMX) Is a Great Choice for Value Investors
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CarMax (KMX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Here's Why You Should Add CarMax Stock to Your Portfolio Now
KMX's extensive nationwide footprint and logistics network, strategic buyouts and collaborations, as well as omnichannel initiatives, enhance its prospects.
CarMax: Q3, Earnings Momentum Is Starting To Return
CarMax's fiscal Q3 showed good unit sales trends and resilient gross profit, already pushing great earnings momentum in the previously slow industry. Unit sales trends are also seen to have improved throughout December, but some uncertainty regarding interest rates and used car prices remain. I again estimate KMX stock to be valued with a fair margin of safety at a fair value of $92.
CarMax Gets in Gear: Is Now the Time to Buy?
CarMax 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.
CarMax: Credit Risks Remain Despite Solid Q3 Results
CarMax shares have gained 10% over the past year but are now overvalued at 23x earnings, justifying a "sell" rating. Despite stable gross margins and disciplined spending, potential credit losses and high valuation pose significant risks to CarMax's stock performance. CarMax's financing division shows tightening credit standards, but existing loan delinquencies and low reserve rates remain concerning.
CarMax Delivers Despite Lower Car Prices, Lock In Gains
CarMax, Inc.'s fiscal Q2 2025 revenues increased slightly, with a $170 million beat versus consensus, driven by higher volumes despite lower pricing. Comparable store used unit sales rose 4.3%, and total retail used vehicle unit sales increased 5.4%, showing positive momentum. Gross profit increased 10.6% year-over-year, with retail gross profit per used unit flat and wholesale gross profit per unit up $54.
CarMax Leverages Omnichannel Strategy to Drive Customer Experience
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's Q3 Earnings Surpass Expectations, Increase Y/Y
KMX's fiscal third-quarter earnings and revenues surpass the Zacks Consensus Estimate and rise year over year.
CarMax, Inc. (KMX) Q3 2025 Earnings Call Transcript
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 Chris Bottiglieri - BNP Paribas Craig Kennison - Baird Scot Ciccarelli - Truist Jeff Lick - Stephens David Bellinger - Mizuho Michael Montani - Evercore Chris Pierce - Needham Rajat Gupta - JP Morgan David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter Fiscal Year 2025 CarMax Earnings Release Conference Call.
CarMax Stock Surges as Lower Prices Boost Sales at Used Car Giant
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.
