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, Inc. KMX will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 26.
CarMax (KMX) reports earnings Thursday morning. "Bludgeoning" competition against Carvana (CVNA) proved difficult for the company, and @LikeFolio's Andy Swan argues CarMax needs to shine in earnings for a comeback to be possible down the road.
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.
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.
Carvana has been in the limelight the past few years, but CarMax is the bigger, more established company. CarMax reported an earnings slump recently due to weak conditions in its core market.
An active 2024 hurricane season will likely help sales at Home Depot Inc., Lowe's Cos., Floor & Decor Holdings Inc, and Tractor Supply Co. but hurt used car seller CarMax Inc., analysts at Mizuho said Thursday.
Demand for used cars continues to deteriorate despite falling prices. CarMax is still spending heavily, seemingly unable to adjust to its shrinking business.
The majority of consumers now seek out both digital and physical channels in their car buying journey, according to CarMax, and this omnichannel adoption continues to grow.
CarMax, Inc.'s Q1 2025 revenues fall year-over-year, but beat consensus estimates. CarMax's Q1 2025 earnings show a decline in comparable sales and margins, but surpass consensus expectations. CarMax's repurchase program accelerates with $104 million spent in Q1, targeting five new stores for Fiscal 2025.
U.S. stocks traded mixed midway through trading, with the Dow Jones index edging higher on Friday.
CarMax, Inc. (NYSE:KMX ) Q1 2025 Earnings Conference Call June 21, 2024 9:00 AM ET Company Participants David Lowenstein - VP, IR Bill Nash - President and CEO Enrique Mayor-Mora - EVP and CFO Jon Daniels - SVP, CarMax Auto Finance Operations Conference Call Participants John Healy - Northcoast Research Seth Basham - Wedbush Securities David Bellinger - Mizuho Brian Nagel - Oppenheimer Sharon Zackfia - William Blair Rajat Gupta - JP Morgan Craig Kennison - Baird Chris Bottiglieri - BNP Paribas Scot Ciccarelli - Truist Securities Chris Pierce - Needham Operator Ladies and gentlemen, thank you for standing by. Welcome to the Q1 Quarter Fiscal Year 2025, CarMax Earnings Release Conference Call.