CarMax stock falls more than 10% as CEO steps down
Shares of CarMax Inc. fell more than 10% during premarket trading Thursday after the used car retailer announced the unexpected departure of CEO Bill Nash. CarMax said board member David McCreight, a retail clothing executive who has served as CEO of Lulu's Fashion Lounge Holdings, will serve as interim CEO
CarMax to leave the S&P 500 to give way to this famous industrial company's spinoff
A place in the S&P 500 is a sought-after spot for companies, as it exposes their stock to a broad swath of active investors and to countless passive funds that track the benchmark automatically.
Wall Street Insiders Are Loading Up on These 3 Stocks
People don't like to throw money into a sinking ship , and by that logic, insider buys in Wall Street can be an easy way to gauge how well a company might do in the coming quarters.
S&P 500 Gains & Losses Today: CarMax Stock Skids, Oracle Retreats; Intel Pushes Higher
A soft earnings report pressured shares of the nation's largest independent used car retailer, while a semiconductor giant extended its rally following reports of investment talks with another tech powerhouse.
CarMax (KMX) Q2 Earnings and Revenues Lag Estimates
CarMax (KMX) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.85 per share a year ago.
CarMax sees unexpected drop in used-car sales even at lower prices, and the stock dives
CarMax missed analyst estimates on average selling prices and profit, in what the CEO describes as a challenging quarter.
CarMax Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
CarMax, Inc. KMX will release earnings results for the second quarter, before the opening bell on Thursday, Sept. 25.
CarMax Gears Up to Report Q2 Earnings: Here's What to Expect
KMX readies Q2 results with EPS seen at $1.03 and revenues at $7.05 billion, as service margins rise but wholesale prices weigh.
Gear Up for CarMax (KMX) Q2 Earnings: Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for CarMax (KMX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended August 2025.
CarMax Could Be A Used Car Lot Value Buy
Tariffs on new cars are driving up prices, boosting demand and prices for used vehicles, which benefits CarMax's core business. CarMax is attractively valued with solid revenue growth, but faces significant risks from its large auto loan portfolio and rising delinquencies. Despite recent stock declines and credit quality concerns, I rate KMX a buy, but recommend only moderate investment due to high risk.
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.
