Why Fast-paced Mover CarMax (KMX) Is a Great Choice for Value Investors
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CarMax (KMX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Here's Why You Should Add CarMax Stock to Your Portfolio Now
KMX's extensive nationwide footprint and logistics network, strategic buyouts and collaborations, as well as omnichannel initiatives, enhance its prospects.
CarMax: Q3, Earnings Momentum Is Starting To Return
CarMax's fiscal Q3 showed good unit sales trends and resilient gross profit, already pushing great earnings momentum in the previously slow industry. Unit sales trends are also seen to have improved throughout December, but some uncertainty regarding interest rates and used car prices remain. I again estimate KMX stock to be valued with a fair margin of safety at a fair value of $92.
CarMax Gets in Gear: Is Now the Time to Buy?
CarMax NYSE: KMX has headwinds in 2204 but is navigating difficult times well, selling more cars than expected and sustaining a solid margin. The company isn't thriving but is growing and building leverage for when economic headwinds ease.
CarMax: Credit Risks Remain Despite Solid Q3 Results
CarMax shares have gained 10% over the past year but are now overvalued at 23x earnings, justifying a "sell" rating. Despite stable gross margins and disciplined spending, potential credit losses and high valuation pose significant risks to CarMax's stock performance. CarMax's financing division shows tightening credit standards, but existing loan delinquencies and low reserve rates remain concerning.
CarMax Delivers Despite Lower Car Prices, Lock In Gains
CarMax, Inc.'s fiscal Q2 2025 revenues increased slightly, with a $170 million beat versus consensus, driven by higher volumes despite lower pricing. Comparable store used unit sales rose 4.3%, and total retail used vehicle unit sales increased 5.4%, showing positive momentum. Gross profit increased 10.6% year-over-year, with retail gross profit per used unit flat and wholesale gross profit per unit up $54.
CarMax Leverages Omnichannel Strategy to Drive Customer Experience
While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit sales, company officials attributed this growth to strong execution across its business model, led by its omnichannel strategy. This strategy has become a key differentiator, according to CEO Bill Nash.
CarMax's Q3 Earnings Surpass Expectations, Increase Y/Y
KMX's fiscal third-quarter earnings and revenues surpass the Zacks Consensus Estimate and rise year over year.
CarMax, Inc. (KMX) Q3 2025 Earnings Call Transcript
CarMax, Inc. (NYSE:KMX ) Q3 2025 Earnings Conference Call December 19, 2024 9:00 AM ET Company Participants David Lowenstein - Assistant 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 Brian Nagel - Oppenheimer Sharon Zackfia - William Blair John Murphy - Bank of America Seth Basham - Wedbush Securities Chris Bottiglieri - BNP Paribas Craig Kennison - Baird Scot Ciccarelli - Truist Jeff Lick - Stephens David Bellinger - Mizuho Michael Montani - Evercore Chris Pierce - Needham Rajat Gupta - JP Morgan David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter Fiscal Year 2025 CarMax Earnings Release Conference Call.
CarMax Stock Surges as Lower Prices Boost Sales at Used Car Giant
CarMax (KMX) shares jumped Thursday when the biggest U.S. used car retailer reported its first quarterly sales increase in two years as lower prices brought out buyers.
CarMax (KMX) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for CarMax (KMX) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CarMax (KMX) Q3 Earnings and Revenues Surpass Estimates
CarMax (KMX) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.52 per share a year ago.
