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. (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.
KMX surpasses Q1 earnings estimates, driven by strong used-vehicle sales and rising unit volumes.
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 (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.
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.
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 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) 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.
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.
CarMax (NYSE:KMX) is scheduled to announce its Q1 FY'26 earnings on Friday, June 20th. Analysts predict that revenue will rise to approximately $7.56 billion for the quarter, reflecting a 6% increase year-over-year, while adjusted earnings are anticipated to be around $1.19 per share, compared to $0.97 in the same quarter last year.
CarMax (KMX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.