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.
CarMax's stock slides 7% as auto loan-loss pressure offsets sales beat
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 Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
CarMax, Inc. KMX will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 26.
