Core Viewpoint - Recent data from CarMax KMX Auto Finance indicates a rise in loan delinquencies and net losses, raising concerns about credit quality in the used auto lender's portfolio [1][4]. Summary by Sections Loan Performance - After two months of stability, loan delinquency and loss rates have worsened, with May showing a sharper increase than typical seasonal trends [2][3]. - The portfolio-level delinquency rate increased by 36 basis points sequentially, exceeding the historical seasonal average of 18 basis points [7]. - Year-over-year, the portfolio-level delinquency rate rose by 16 basis points, contrasting with a trailing three-month trend of a decrease of 2 basis points [8]. Credit Quality Concerns - The cumulative net loss rate increased by 52 basis points year-over-year, consistent with a trailing three-month trend of 48 basis points [8]. - Newer securitizations are not performing better than older vintages, with the delinquency rate for the most recent prime securitization trending higher than older vintages [5][4]. Analyst Insights - Analyst Scott Devitt maintains an Outperform rating on CarMax with a price target of $90, despite the concerns raised by the recent data [1]. - Devitt projects first-quarter revenue of $7.67 billion and earnings per share of $1.23 [10]. - The company is expected to face increased loan loss provisions as it targets lower-tier borrowers to maintain interest margins [6][4]. Market Dynamics - Despite the challenges, the used auto market remains healthy, supported by strong gross profit margins for scaled retailers [9][10]. - CarMax has sustained robust sourcing methods and integrated credit capabilities, which have helped maintain performance amid macroeconomic uncertainties [10].

CarMax, Inc. KMX will release its first-quarter financial results before the opening bell on Friday, June 20.Analysts expect the Richmond, Virginia-based company to report quarterly earnings at $1.17 per share, up from 97 cents per share in the year-ago period. CarMax projects quarterly revenue of $7.53 billion, compared to $7.11 billion a year earlier, according to data from Benzinga Pro.On April 10, CarMax posted weaker-than-expected earnings for the fourth quarter.CarMax shares fell 2.2% to close at $64. ...

In its upcoming report, CarMax (KMX) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting an increase of 25.8% compared to the same period last year. Revenues are forecasted to be $7.56 billion, representing a year-over-year increase of 6.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

Group 1 - CarMax is set to announce its Q1 FY'26 earnings on June 20th, with expected revenue of approximately $7.56 billion, reflecting a 6% year-over-year increase [2] - Adjusted earnings per share are anticipated to be around $1.19, compared to $0.97 in the same quarter last year [2] - The company has seen revenue growth driven by increased second-hand vehicle sales volume and expanded financing operations [2] Group 2 - CarMax's profitability has improved due to better cost management and digital innovations enhancing customer experience and operational efficiency [2] - The company has a market capitalization of $10 billion and reported a net income of $501 million over the past twelve months [2] - CarMax's total revenue for the last twelve months was $26 billion [2] Group 3 - Historical data shows that CarMax has had 20 recorded earnings data points over the last five years, with 8 positive and 12 negative one-day returns [4] - Positive one-day returns occurred about 40% of the time, increasing to 58% when considering the last three years [4] - The median of the positive returns is 5.9%, while the median of the negative returns is -9.4% [4]

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Battery health data through Recurrent and $200 home charging installation credit from Treehouse empowers used EV car shoppers CarMax Announces Tools, Resources and Incentives to Enhance Used EV Buying Experience CarMax Announces Tools, Resources and Incentives to Enhance Used EV Buying Experience CarMax Announces Tools, Resources and Incentives to Enhance Used EV Buying Experience CarMax Announces Tools, Resources and Incentives to Enhance Used EV Buying Experience Richmond, VA, June 04, 2025 (GLOBE ...

CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club CarMax Returns as Front-of-Jersey Sponsor for Richmond Ivy Soccer Club RICHMOND, Va., May 08, 2025 (GLOBE NEWSWIRE) -- Richmond Ivy Soccer Club is thrilled to unveil their kits for the 2025 season, with CarMax (NYSE: KMX), the nation’s largest retailer of used cars, returning as the front-o ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

Priced as of April 17, 2025 In this note, we include the latest comp sheet and valuation metrics for global automotive OEMs (page 3), auto parts suppliers (page 5), auto auction service providers (page 13), tire manufacturers (page 14), auto rentals (page 15), and auto dealers (page 16). J P M O R G A N North America Equity Research 21 April 2025 Autos Valuation Comp Sheet Autos & Auto Parts Ryan Brinkman AC (1-212) 622-6581 ryan.j.brinkman@jpmorgan.com Rajat Gupta AC (1-212) 622-6382 rajat.gupta@jpmorgan.c ...

JERSEY CITY, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- Gotham FC, the preeminent top-tier professional women's soccer club in the New York region, announced on Tuesday the multi-year extension of its marquee partnership with CarMax (NYSE:KMX), the nation's largest retailer of used cars. The renewed partnership continues the dynamic relationship between the two brands, deepening their shared commitment to community and the growth of women's sports.  As part of this renewed collaboration, CarMax will remain th ...