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 (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. (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.
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) 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.
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 posts second-quarter sales of $7.01 billion, beating estimates of $6.83 billion but falling 0.9% from a year earlier.
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.