Wall Street expects a year-over-year increase in earnings on higher revenues when CarMax (KMX) reports results for the quarter ended February 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 11. On the ...

HARRISON, NJ / RICHMOND, VA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- In a move that further strengthens the ascension of women's sports, reigning National Women's Soccer League (NWSL) champion NJ/NY Gotham FC and CarMax today announced that the club's official automotive retailer has become the Marquee Partner. The new multi-year agreement cements an increased commitment to the club while also increasing brand visibility for CarMax through prominent logo placement on the front of Gotham FC jerseys. "CarMax is pro ...

The stock market has started 2024 on a low note, witnessing a sell-off for most equities despite underlying fundamentals such as the possible interest rate cuts by the Federal Reserve. Despite the bearish sentiment, investors are actively seeking money-making opportunities that may arise with short squeezes of select equities standing out as a possible strategy to navigate the current environment. The short squeeze approach has gained popularity as an investment strategy, where numerous traders betting agai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-31420 CARMAX, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) 12800 Tuckaho ...

CarMax, Inc. (NYSE:KMX) Q3 2024 Results Conference Call December 21, 2023 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 Daniel Imbro - Stephens Brian Nagel - Oppenheimer Seth Basham - Wedbush Securities Craig Kennison - Baird Rajat Gupta - J ...

Shares of CarMax (KMX 5.18%) rallied as much as 13% early Thursday, then settled to close up 5.2% after the used-vehicle retailer announced better-than-expected quarterly earnings. CarMax also resumed its share repurchase program.CarMax's soaring profitabilityOn one hand, for its fiscal third quarter ended Nov. 30, Carmax's revenue declined 5.5% year over year to $6.15 billion, technically missing analysts' consensus estimates for sales of $6.3 billion. On the other hand, CarMax's net earnings more than dou ...

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2023. Highlights: Net revenues were $6.1 billion, down 5.5% compared with the prior year third quarter. Retail used unit sales decreased 2.9% and comparable store used unit sales declined 4.1% from the prior year’s third quarter; strong gross profit per retail used unit of $2,277, in line with last year’s third quarter. Wholesale units increased 7.7% from the prior year’s third qu ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

Options traders are targeting CarMax Inc (NYSE:KMX), after the used-car retailer reported better-than-expected third-quarter earnings of 52 cents per share, more than doubling the 24 cents per share from the same quarter a year ago. Cost cuts helped soften the blow of lower demand amid higher interest rates, as the company offered significant discounts on vehicles. So far today, 16,000 calls and 14,000 puts have been exchanged, which is already 3.5 times KMX's average daily options volume. The weekly 12/22 ...

Key TakeawaysCarMax shares jumped after the used-car dealer reported quarterly earnings that topped analysts' expectations, as sales in the wholesale market rose and costs were cut.The biggest U.S. used car retailer also reinstated its stock buyback program in the latest quarter.The company said vehicle affordability challenges continued to plague the retail used car market.CarMax (KMX) shares took off after the biggest U.S. used car dealer beat profit forecasts as it sold more vehicles in the wholesale mar ...