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CarMax's Impressive Rally: What Investors Should Watch Next
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: Still Overvalued Relative To Peers
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 Focuses on Seamless Customer Experience to Grow Loyalty
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 Q2 Earnings Miss Expectations, Revenues Decline Y/Y
KMX fiscal second-quarter earnings miss the Zacks Consensus Estimate while revenues beat the same.
CarMax shares climb despite quarterly earnings miss
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 Results Boosted by Improved Retail Unit Sales
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, Inc. (KMX) Q2 2025 Earnings Call Transcript
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 (KMX) Reports Q2 Earnings: What Key Metrics Have to Say
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) Lags Q2 Earnings Estimates
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 misses quarterly profit estimates as average price per vehicle dips
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 Stock Falls After Sales Beat. Here's Why.
CarMax posts second-quarter sales of $7.01 billion, beating estimates of $6.83 billion but falling 0.9% from a year earlier.
