CarMax: Solid Execution, But I Still Have Lingering Concerns (Rating Upgrade To Hold)
I am upgrading CarMax from sell to hold after strong 1Q26 results and impressive retail growth, despite a tough macro environment. Management's execution on pricing and inventory, especially the Value Max program, drove robust sales across both budget and premium segments. Credit quality in the CarMax Auto Finance segment remains a concern, with elevated loan loss provisions and declining financing penetration posing earnings headwinds.
Buy, Sell Or Hold CarMax Stock?
CarMax (NYSE:KMX) stock surged nearly 6% during trading on Friday. These gains were driven by the company reporting better-than-expected Q1 results, with revenue rising around 6% year-over-year to $7.55 billion, aligning with estimates, while earnings exceeded predictions at $1.38 per share.
CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook'
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. [contact-form-7] In response, the company's CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.
CarMax, Inc. (KMX) Q1 2026 Earnings Call Transcript
CarMax, Inc. (NYSE:KMX ) Q1 2026 Earnings Conference Call June 20, 2025 9:00 AM ET Company Participants David L. Lowenstein - Vice President of Investor Relations Enrique N.
CarMax Q1 Earnings Surpass Expectations, Revenues Increase Y/Y
KMX surpasses Q1 earnings estimates, driven by strong used-vehicle sales and rising unit volumes.
CarMax: Tariffs Support Q1 But Credit Headwinds Persist (Upgrade)
CarMax delivered a strong Q1 beat, driven by higher volumes and record margins, but some gains may be temporary due to tariff pull-forward. Financing profits remain pressured by rising credit losses, and I expect ongoing provisioning to weigh on future earnings. CarMax shares now trade near my fair value target, reflecting a balanced risk/reward after recent underperformance and improved cost controls.
CarMax Profit Rises on Higher Revenue From Retail Used Vehicles
CarMax (KMX) shares gained Friday as the largest U.S. used car retailer posted better-than-expected profit as sales of retail vehicles increased even as prices declined.
CarMax Stock Pops After Strong Q1 Results
Used-car stock CarMax Inc (NYSE:KMX) is up 3.2% at $66.41, after the company's better-than-expected first-quarter earnings and revenue results.
CarMax (KMX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for CarMax (KMX) give a sense of how its business performed in the quarter ended May 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CarMax shares move higher on Q1 profit beat
CarMax Inc (NYSE:KMX) shares jumped 8% in early trade as the used car retailer's fiscal first quarter earnings report impressed investors. The company's earnings per share increased 42.3% year-over-year to $1.38, ahead of the Wall Street consensus of $1.19.
CarMax (KMX) Q1 Earnings and Revenues Beat Estimates
CarMax (KMX) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago.
Exploring Analyst Estimates for CarMax (KMX) Q1 Earnings, Beyond Revenue and EPS
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 May 2025.
